Last $51.16 USD
Change Today -0.05 / -0.10%
Volume 659.0K
WM On Other Exchanges
Symbol
Exchange
Berlin
New York
As of 5:15 PM 12/24/14 All times are local (Market data is delayed by at least 15 minutes).

waste management inc (WM) Snapshot

Open
$51.40
Previous Close
$51.21
Day High
$51.40
Day Low
$51.05
52 Week High
12/23/14 - $51.49
52 Week Low
03/13/14 - $40.35
Market Cap
23.4B
Average Volume 10 Days
2.5M
EPS TTM
$2.32
Shares Outstanding
457.9M
EX-Date
12/3/14
P/E TM
22.1x
Dividend
$1.50
Dividend Yield
2.93%
Current Stock Chart for WASTE MANAGEMENT INC (WM)

waste management inc (WM) Details

Waste Management, Inc. provides waste management environmental services to residential, commercial, industrial, and municipal customers in North America. It offers collection, transfer, recycling and resource recovery, and disposal services. The company also owns, develops, and operates waste-to-energy and landfill gas-to-energy facilities in the United States. Its collection services include picking up and transporting waste and recyclable materials from generated area to a transfer station, material recovery facility, or disposal site; and recycling operations comprise materials processing, plastics materials recycling, and commodities recycling services. In addition, the company provides recycling brokerage services consisting of managing the marketing of recyclable materials for third parties; electronic recycling services, such as collection, sorting, and disassembling of discarded computers, communications equipment, and other electronic equipment; and sustainability services to businesses and organizations, including in-plant services that provide full-service waste management solutions and consulting services at customers’ facilities. Further, it is involved in the development, operation, and promotion of landfill gas projects; rental portable restroom facilities to municipalities and commercial customers under the Port-o-Let name; and provision of street and parking lot sweeping services. Additionally, Waste Management, Inc. offers medical waste services; portable self-storage services; and fluorescent lamp recycling services, as well as is involved in the acquisition and development of oil and gas producing properties. The company was formerly known as USA Waste Services, Inc. and changed its name to Waste Management, Inc. in 1998. Waste Management, Inc. was incorporated in 1987 and is headquartered in Houston, Texas.

42,700 Employees
Last Reported Date: 02/18/14
Founded in 1987

waste management inc (WM) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $1.1M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $509.8K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $588.3K
Senior Vice President of Field Operations
Total Annual Compensation: $546.8K
Senior Vice President of Field Operations
Total Annual Compensation: $449.0K
Compensation as of Fiscal Year 2013.

waste management inc (WM) Key Developments

Waste Management Announces the Redemption of Senior Notes Due in 2015, 2017, and 2019

Waste Management, Inc. announced that it will redeem the entire outstanding principal amount of its 6.375% Senior Notes due March 2015, 7.125% Senior Notes due December 2017, and 7.375% Senior Notes due March 2019. The redemption date for the Notes is January 20, 2015. The aggregate principal amount of the Notes outstanding is $946.8 million. The redemption price for each series of Notes will include a make-whole premium, which will be calculated three business days prior to the redemption date in accordance with the terms of the Notes and related indenture, plus accrued and unpaid interest on the Notes up to, but excluding, the redemption date. Waste Management plans to use cash on hand to fund the redemption of the Notes, pending consideration of potential debt refinancing.

Waste Management Mulls Acquisitions

Waste Management, Inc. (NYSE:WM) intends to pursue acquisitions. The company has completed the sale of Wheelabrator Technologies, Inc. to an affiliate of Energy Capital Partners for approximately $1.94 billing. The company intends to use the funds from the sale to drive incremental shareholder value by acquiring assets related to the core business, repurchasing shares and maintaining a strong balance sheet.

Waste Management Opens New Renewable Natural Gas Facility

Waste Management announced the opening of a unique Renewable Natural Gas Facility creating pipeline-ready natural gas from the landfill gas produced at its Milam Landfill in Fairmont City, Illinois. The Milam Renewable Natural Gas Facility is designed to process approximately 3,500 standard cubic feet per minute (SCFM) of incoming landfill gas. This is as much gas as it takes to fuel about 200 Waste Management CNG collection trucks each day, and represents more than 5% of the natural gas that is used in Waste Management's entire CNG fleet per day. Waste Management of Illinois currently has more than 100 CNG trucks in its fleet displacing about one million gallons per year of diesel fuel. The existing Milam Landfill-Gas-to-Energy facility produces 2.4 megawatts of renewable energy. The output from this power plant is now directly connected to the new Renewable Natural Gas Facility, providing the power needed to run the new facility. The Renewable Natural Gas Facility also reduces the site's emissions. Since the gas is treated, rather than burned onsite, Waste Management anticipates a 60% reduction in emissions of carbon monoxide, nitrogen oxides, and particulate matter. The $19 million Renewable Gas Facility was partially funded by a $2.4 million grant from the Illinois Department of Commerce and Economic Opportunity and the Illinois Energy Office. Construction of the facility provided the equivalent of 17 union jobs over a ten-month period, and three operational jobs. The Milam Renewable Natural Gas Facility is the company's third plant to convert landfill gas to natural gas. In California, Waste Management collaborated in the plant to convert landfill gas to ultra-low-carbon liquefied natural gas (LNG). With greenhouse gas emissions associated with this fuel, more than 80% lower than those of diesel, this is the cleanest fuel available for heavy-duty trucks. The facility produces up to 13,000 gallons of LNG per day and helps to power the company's fleet in California. In Ohio, Waste Management processes about 3,000 SCFM of landfill gas and delivers it to a natural gas pipeline.

 

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Industry Analysis

WM

Industry Average

Valuation WM Industry Range
Price/Earnings 100.0x
Price/Sales 1.7x
Price/Book 4.4x
Price/Cash Flow 16.6x
TEV/Sales 0.9x
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