Latest news with #WasteManagement
Yahoo
a day ago
- Business
- Yahoo
Waste Connections (WCN) Q2 Earnings Report Preview: What To Look For
Waste management company Waste Connections (NYSE:WCN) will be reporting earnings this Wednesday after market hours. Here's what to look for. Waste Connections met analysts' revenue expectations last quarter, reporting revenues of $2.23 billion, up 7.5% year on year. It was a very strong quarter for the company, with an impressive beat of analysts' organic revenue estimates and a solid beat of analysts' adjusted operating income estimates. Is Waste Connections a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Waste Connections's revenue to grow 6.4% year on year to $2.39 billion, slowing from the 11.2% increase it recorded in the same quarter last year. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Waste Connections has only missed Wall Street's revenue estimates once over the last two years, exceeding top-line expectations by 0.7% on average. With Waste Connections being the first among its peers to report earnings this season, we don't have anywhere else to look to get a hint at how this quarter will unravel for environmental and facilities services stocks. However, there has been positive investor sentiment in the segment, with share prices up 5.9% on average over the last month. Waste Connections is down 3% during the same time. Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.
CBC
a day ago
- Business
- CBC
Sudbury, Ont., commercial waste workers hit the picket lines over pay concerns
Workers in Sudbury's commercial waste division walked off the job Friday as part of a strike over wages. The 25 members of the Labourers' International Union of North America (LiUNA) Local 493 say Waste Management's pay hasn't kept up with the rising cost of living, and they're seeking increases to bring them in line with workers in other Ontario cities. While waste collection services for businesses and apartment buildings are affected, residential garbage and recycling pickup continues uninterrupted. That work is handled by a separate division represented by a different union. "The main issue right now is monetary concerns," said Mike Ryan, business manager for Local 493. Ryan said workers are especially frustrated given the cost-of-living increases seen during and after the COVID-19 pandemic. "They're not even maintaining anymore with the price of everything," he said. "They have to work more overtime just to maintain what they had pre-COVID." He added that members are also seeking wage parity with Waste Management employees in cities like Toronto, Hamilton, Kitchener, and Waterloo, arguing that Sudbury is among the company's most profitable operations in the province. 'Respect our picket line' While Waste Management has brought in managers and workers from outside the region to continue servicing commercial clients, Ryan warned that service quality may suffer. "There is going to be some slowdown in service," he said. "The members that we represent in the unit are very highly professional." Picketers were seen Monday blocking a Waste Management truck from entering the facility. "There's no legislation at this level that would prevent the employer from bringing in whatever you want to call them, replacement workers or scabs," he said. "So what our members are doing right now is pleading with those people — saying, 'we're on strike here for causes reasons and please respect our picket line.'" Ryan said Waste Management presented what they considered a fair and equitable final offer, but when the membership held a ratification vote, it was overwhelmingly rejected. In a statement to CBC News, Waste Management spokesperson Jessica Kropf confirmed the strike and said the company remains committed to negotiating in good faith. "We believe our proposals are fair and competitive," she said. "We are eager to reach an agreement with LiUNA Local 493 that recognizes the drivers' and technicians' many contributions to the company and community." She added that no disruptions to commercial service are expected and the company is working closely with affected clients. The City of Greater Sudbury said it does not comment on the operations of private companies but confirmed that residential waste collection is not impacted by the strike. Currently, the next meeting is open-ended, Ryan said he's ready to return to the bargaining table if Waste Management initiates contact and shows willingness to address the workers' concerns.
Yahoo
2 days ago
- Business
- Yahoo
1 Industrials Stock with Exciting Potential and 2 Facing Headwinds
Even if they go mostly unnoticed, industrial businesses are the backbone of our country. But they are at the whim of volatile macroeconomic factors that sway capital spending, like interest rates. Wariness surrounding these influences has caused the industry to underperform the market as it was flat over the past six months while the S&P 500 climbed by 4.1%. The elite companies can churn out earnings growth under any circumstance, however, and our mission at StockStory is to help you find them. On that note, here is one resilient industrials stock at the top of our wish list and two best left ignored. Two IndustrialsStocks to Sell: Waste Management (WM) Market Cap: $91.48 billion Headquartered in Houston, Waste Management (NYSE:WM) is a provider of comprehensive waste management services in North America. Why Does WM Give Us Pause? Sizable revenue base leads to growth challenges as its 7.2% annual revenue increases over the last two years fell short of other industrials companies 6 percentage point decline in its free cash flow margin over the last five years reflects the company's increased investments to defend its market position Waste Management's stock price of $227.33 implies a valuation ratio of 29.4x forward P/E. If you're considering WM for your portfolio, see our FREE research report to learn more. Mercury Systems (MRCY) Market Cap: $3.09 billion Founded in 1981, Mercury Systems (NASDAQ:MRCY) specializes in providing processing subsystems and components for primarily defense applications. Why Should You Dump MRCY? Absence of organic revenue growth over the past two years suggests it may have to lean into acquisitions to drive its expansion Revenue growth over the past five years was nullified by the company's new share issuances as its earnings per share fell by 28% annually Eroding returns on capital from an already low base indicate that management's recent investments are destroying value At $52.03 per share, Mercury Systems trades at 73.6x forward P/E. Read our free research report to see why you should think twice about including MRCY in your portfolio, it's free. One Industrials Stock to Buy: GE Aerospace (GE) Market Cap: $279.2 billion One of the original 12 companies on the Dow Jones Industrial Average, General Electric (NYSE:GE) is a multinational conglomerate providing technologies for various sectors including aviation, power, renewable energy, and healthcare. Why Are We Bullish on GE? Annual revenue growth of 16.1% over the last two years was superb and indicates its market share increased during this cycle GE is a free cash flow machine with the flexibility to invest in growth initiatives or return capital to shareholders Improving returns on capital reflect management's ability to monetize investments GE Aerospace is trading at $263.73 per share, or 44.6x forward P/E. Is now the right time to buy? Find out in our full research report, it's free. High-Quality Stocks for All Market Conditions When Trump unveiled his aggressive tariff plan in April 2024, markets tanked as investors feared a full-blown trade war. But those who panicked and sold missed the subsequent rebound that's already erased most losses. Don't let fear keep you from great opportunities and take a look at Top 6 Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Tecnoglass (+1,754% five-year return). Find your next big winner with StockStory today for free. Find your next big winner with StockStory today. Find your next big winner with StockStory today StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CTV News
4 days ago
- General
- CTV News
Worn and Torn donation drive ends Sunday
Jay Stanford, London's director of Climate Change, Environment and Waste Management holds up an old towel and a beaten up pair of dungarees that would be perfect for the Worn or Torn Donation Drive on June 25, 2025. (Bryan Bicknell/CTV News London) Whether you're doing some weekend closet organizing or have a pile of old clothes that needs to be donated, Sunday is the last day to donate old clothing and textiles for the Worn and Torn drive. The Worn and Torn clothing and textile donation drive began on July 2 and ends July 20. The drive began this year, encouraging Byron residents to donate old textiles, regardless of their condition. With fast fashion filling landfills, the city of London began the initative in collaboration with Fanshawe College and Goodwill industries in order to recycle and repurpose old textiles. The main goal is to keep textiles out of the landfill. Items can be brought to the Goodwill Donation Centre at the Oxford Street EnviroDepot, 1570 Oxford St. W., London.
Yahoo
14-07-2025
- Business
- Yahoo
The 'get-rich' deposit trick that boosts recycling by 47%
A lottery recycling system where people could win cash prizes when they return their plastic bottles has been cautiously welcomed by a leading expert. A study in the scientific journal Waste Management found that people who are offered a chance to win a large prize for recycling plastic bottles, cans and glass bottles recycle more than those who use a traditional bottle deposit. The study offered users a small chance to win a larger prize, rather than a 10p 'refund' on recycling a bottle, as seen in deposit schemes around the world. Norway has the world's only bottle-recycling lottery system, first implemented in 1997, and has seen recycling rates of up to 97% in the wake of the scheme. According to the government, British consumers buy an estimated 31 billion single-use drinks containers each year – 12 billion plastic drinks bottles, 14 billion drinks cans, and five billion glass bottles. The Canada-based study found that when people were offered a one-in-10,000 chance of winning CA$1,000 (£540), they were 47% more likely to recycle than if offered a traditional deposit return reward. The study's lead author, Dr. Jiaying Zhao, associate professor in the department of psychology at the University of British Columbia, said: "This small change in how we reward recycling made a big difference. People were more excited, more engaged, and they brought in more bottles. "It turns out that the thrill of possibly winning a big prize is more motivating than a small guaranteed reward. "It's the same reason people buy lottery tickets; That tiny chance of a big win is exciting." The researchers also found that if people did not win, they still felt "anticipatory happiness" and enjoyed the experience, and were therefore more likely to opt for a lottery experience over getting cash. Dr Zhao said: "Norway is the only country in the world that has a similar recycling lottery, and their bottle return rate is close to 100%. The probabilistic refund could be their secret sauce.' Recycling expert Rachel Watkyn OBE, the founder of Tiny Box Company, said that a lottery-style approach could work by offering a consumer-style incentive. She told Yahoo News: "A lot of green or recycling systems are immeasurable to the average consumer. How do you measure your plastic bottle usage in metric tons or by CO2 emissions? "When you're working with no goal in sight, why work towards it at all? We know that even if consumers live by positive eco-values, this usually fails to translate into green purchasing behaviour and other pro-environmental behaviours. We also know that the average consumer thinks like a consumer, which means they will respond to incentives. "Does a gambling setup last in the long term? Probably not, because as much as you experience the high of possibly winning, you start to feel the low of continuously not winning anything. But, if at current, our households aren't recycling on the level we need, a creative solution is the next step. "A lotto-style setup in the short term could work, but we run the risk of overconsumption for extra entries. She added: "Ultimately, the turning point happens when the household habit has changed. If this is where we start, and it's worked in other countries, why not test it in the UK? Better yet, why not ask the people? The people who will be the most important part of seeing the change. "Why not incentivise creative ideas for new recycling habits? One of the best things about people is our creativity and our voices. We should be calling on that more." A new Deposit Return Scheme for drinks containers will see consumers paid to return bottles, with pickup points at supermarkets. British people will be paid to recycle plastic and metal bottles and cans under the new bottle-return scheme, which is set to come into force in 2027. Members of the public pay a deposit on drinks bottles, which is then refunded when bottles are turned in for recycling. The government is also consulting on further bans on single-use plastics, including plates, cutlery and polystyrene cups. The government's Simpler Recycling scheme (in force for businesses from 2025 and households from 2026) aims to ensure there is no 'postcode lottery' around plastic recycling. Having one rule nationwide means it's easier to collect, process and recycle many different plastics.
