And we've been working really earnestly the last two years not just on the wage front, but from an employee experience to get those numbers down. Our next question comes from the line of Tyler Brown with Raymond James. Responsibility ("EPR"), a major chunk of it enters the The content of this article is intended to provide a general And that's some of the analysis we've been particularly honed in and on and looking at. As we move from traditional rear load to automated side loaders, we're taking a helper off the back and getting about a 30% productivity pickup, which equates to lower driver technician and truck capital needs. e-waste recycling targets to the producers. The remaining impact was due to persistent cost inflation, which was most significant in wages, repair and maintenance, and subcontractor costs. Garbage, Trash, recycling, Yard and Waste, residential, commercial, multifamily Service - Hansville, Kingston, Manchester, Olalla, Silverdale, Suquamish, Poulsbo, WM provides garbage, recycling and Yard and Waste services for residential, commercial and construction customers including Kitsap County, Washington. And we are factoring that in as we look at some of these companies. OK. And then last one for me. With WM as your partner, you can count on reliable service and solutions that help keep our community sustainable, clean and safe. Looking forward to seeing you in New Orleans. These delays impact our team's ability to deliver on residential collection optimization objectives and targeted improvements in our maintenance cost per driver hour. Image source: The Motley Fool. Maybe just how did the value of the recycled commodities in 1Q compare to your expectations? So neither of those really were seeing the full benefit of leverage on the SG&A front -- I'm sorry, it wasn't that they weren't seeing the benefit of the leverage on the SG&A front, we were capturing and realizing that. They have to talk to our customers and make sure that they're comfortable with going to trash just being in one of those totters as opposed to everything sitting on the curve. manner. I think, Kevin, one important point here about electrification is that it's not a surprise to anybody on this call. So we are hearing that, that turnover has become a consistent and recurring problem for a lot of those companies. The rules informal sector of recycling. Your line is open. So we are still sticking with our $70 and feel pretty confident in that. *Stock Advisor returns as of April 24, 2023. With It's not all CPI as we've talked about. The growing environmental issue that consumer, component, dismantler, environmentally sound management And do you just feel comfortable that you can maintain a nice positive spread to unit cost inflation both over the short and long term? 2016 with effect from 1st April 2023. Environmental concerns regarding the Call 311or941-861-5000 Contact WM at 775-329-8822. Right. Waste Management . One, in the solid waste business, we make investments in our facilities, the fleet, and our people right up front and that's the cost impact that you saw in the first quarter for the solid waste acquisitions. And it was not -- there wasn't one less workday. How much more can that close? The new rules have allowed for the refurbishment of e-waste, Property owners may continue recycling through the county's curbside recycling program through June 30, 2023, for no charge. With respect to driver retention and overall compensation in that area of your labor force, how do you expect that to trend, and particularly in the macroeconomic headwinds? over the producers of specific category of waste for the treatment And that's really, as Jim mentioned, what we're really focused on for the balance of the year. Service will be delayed one day for the remainder of the holiday week. We're not -- because we haven't been receiving the trucks, I mean, you can't make that swap obviously without the truck. defer their EPR vis--vis corresponding quantity of e-waste Carton Recycling Go Green Communities. And maybe the most important piece that John mentioned is it helps us from a safety standpoint. and applicability and ensure that all stakeholders follow the same I think -- when it all comes down to it, I think we talk about automation and optimization. But historically, CNG fuel prices have been more stable relatively. Producers can purchase such refurbishing certificates to Recycle Real Christmas Trees Throughout Central Virginia, City of Richmond E-Cycling, Paper Shredding and Household Hazardous Waste Collection, Chesterfield County Shred and e-Cycling Event. Please refer to the service map to determine collection days. So we continue to down that path until we get to some acceptable spot there. required to register on a central portal to continue operating and See information above regarding program changes effective July 1, 2023. But our expectation is that, that moderates. Commercial Recycling & Waste Hazardous Waste Disposal Organic Recycling Recycling & Waste Residential Recycling & Waste Calendar LookUpTool Need help? The good news is, like we said, there's almost 500 trucks that are on the ground, not in service yet. Waste Managements Orchard Ridge Drop-Off Facility (W124N9355 Boundary Road) for Yard Waste, excess Recycling, and excess Garbage is open. We were right on plan for the first quarter. Getting trucks delivered will also be key to residential automation. Thanks, John, and good morning. On the other side, recycle pricing, as we talked about a little bit earlier, is right on our expectations. With profitability improving in each line of business and contract wins with healthy price increases, we're pleased to see our differentiated service and disciplined approach to yield benefits. But that's because we've needed to be intentional about keeping our vehicles and maintaining them so that we meet all of our service needs for our customers. I think as I mentioned, the transportation piece, and a lot of that is labor and fuel, if you will, has continued to persist, which is why one of the reasons why you continue to see us be as aggressive as we are on the transfer station side. modules or panels or cells, which are discarded as waste, India would certainly benefit from optimizing e-waste management recyclers; Residue generated during recycling process is disposed One area that exceeded our expectations was pricing as we continue to execute on our revenue management programs to recover cost increases and improve margins. And with our outlook for strong earnings growth over the remainder of the year in a healthy balance sheet we expect to continue to repurchase our shares fairly ratably over the remainder of the year. Visit the CVWMA What to Recycle webpageor contact your private hauler for more information. First-quarter revenue grew 5% with continued strong organic growth in the collection and disposal business of 7%. Please note: this program is ending on Saturday, July 1, 2023. This positions us to drive down our training and overtime hours, improve overall efficiency, and most important, see continued improvement in our safety performance. So I think what's important in giving color to the dilutive impact from the M&A that we saw in Q1, it really was twofold. First question, I guess, is how to think about fuel rolling over in terms of impact to EBITDA and margins over the rest of the year. And I guarantee there's not anybody else out there that's able to do that. Compost your leaves. EPR mechanism under the 2016 Rules focused more on the producer's responsibility to collect back the e-waste introduced in the market and provided collection targets, whereas the EPR regime under 2022 Rules provides an annual e-waste recycling targets to the producers. Recycling can be dropped off at either of the county's convenience centers at no charge. And could that be upside to the guidance for this year? And three, cost pressure in our collection and just local business from wage inflation and delayed truck deliveries, which we estimate had about a 20 basis point impact. But some of those other positions that we've talked about, John mentioned it, which is replacing reloaders with ASOs. Learn more about the curbside recycling transition by reading the, Explore our parks, facilities and programs, Find latest alerts, incidents and reports, Central Virginia Waste Management Authority, Tidewater Fibre Corporation (TFC) Recycling, Central Virginia Waste Management Authority (CVWMA), Email Waste and Resource Recovery Division, Freedom of Information Act Requests (FOIA). Thank you. Chesterfield County currently offers a biweekly curbside recycling program to more than 94,000 homes via a service agreement with the Central Virginia Waste Management Authority and their contracted hauler Tidewater Fibre Corporation (TFC). Great. Thank you. Yeah. Our interactive Paris metro map is designed to make your journeys easier; it is available online and downloadable in PDF format. This growth was led by core price of 7.4%, which exceeded both last year and our plan for the first quarter. You reiterated guidance for the 80 basis points improvement for 2023. OK. Use the CVWMA web tool to sign up. But as you saw within our post-collection pricing and more specifically our transfer stations, we continue to address that through the revenue quality of the remote gates at or the transfer station. WM Curbside Refuse Container Sizes and Rates Search. operations in the informal sector occur at different stages of the e-waste. And so there was a delay in our recognition of those tax credit benefits until the third quarter of 2022. should be scheduled at least 48 hours in advance with Waste Management. These results demonstrate our success in rationalizing costs and optimizing our sales and customer experience functions. So I think if you look kind of pre-pandemic through the pandemic, we went from obviously historic averages to historic lows, right, in terms of driver retention and turnover for obvious reasons. Request a Free Paper Recycling Bin. the e-waste introduced in the market and provided collection e-waste after China and USA. We're pleased to see our robust revenue growth and disciplined focus on cost control translate into solid operating and free cash flow. Service fees may apply. Development translates into exponential technological And that cost about $6 million to the quarter just in terms of incremental spending that we did on the business. These definitions provide clarity on the scope Thanks, Jim and good morning. So that moderates and really starts to become a tailwind over the remainder of the year. SG&A has obviously been a big focus for you, and really strong cost control this quarter. That's the headline. Obviously, the banking crisis sort of doesn't impact your business as much as some of the other business services companies. Receive an email reminder a day before your collection. As Devina mentioned, we almost -- we delivered almost 500 trucks year to date versus 50 last year. Noah Kaye -- Oppenheimer and Company -- Analyst. The first is that we're pleased with the continued progress on our sustainability growth projects relative to plan. The new rules have expanded the scope of e-waste to include Hi, team. It just will look a little bit different in future quarters, both because of the lapping of the really significant increases in diesel that we saw a year ago, but also because we're taking some structural changes with how we bill that to our customers. There's really, I think, Tyler, three areas that we're all focused on for 2023, and those are top of line -- at the very top of the list has got to be price, and then a close second to that is what John has been talking about, which is cost control, both SG&A and opex and using technology to facilitate that. People are talking about hydrogen. That's really interesting. Business and School Recycling. So how do we take advantage of that and the way we take advantage of it is by bringing technology to squeeze 5%, 10% maybe even 15% optimization out. We went back and took a look before the call. In closing, the WM team has delivered a solid start to the year, which sets us up for another year of strong financial growth in 2023. Incentive compensation was cash flow. But just given some of the stuff you've seen, not sure if you think that impacts your fleet strategy or maybe the need to accelerate some of the investments in electrification or other -- or some other type of propulsion system that gets you to some sort of GHG emission target based on the EPA's proposal here. The trend has been good and it's what we anticipated. Please enable JavaScript in your browser for a better user experience. Click herefor a guide to composting at home. What's really important there, I think, in terms of thinking about what it means for the rest of the year is that, that impact isn't something that repeats itself. It was more about investment in the operations and the long-term viability of each of those businesses. But just to be clear, the part of the drag on the 62 with people are looking sequentially is the number that's in the first half isn't the immediate -- just immediate CPI. And if you need additional color on that, Ed and Heather are sure to get you the details that you need. Also, please remember that it is never okay to dump yard waste in or near a wetland or body of water.Local sites:Bridgewater Farm Supply, 1000 Plymouth Street, Bridgewater, MA 02379(508) 697-0357 - Leaves and Brush - $10/yardSouth Ridge Farm & Nursery, 399 South Street, Walpole, MA 02181(508) 668-0401 - Leaves and Brush - $11/yard. Changes to Curbside Recycling in 2023 Beginning July 1, 24-gallon bins and personal containers will no longer be collected curbside. Right. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services.

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