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Waste Management, Inc. Message Board

  • rgchjr1945 rgchjr1945 Apr 24, 2013 2:25 PM Flag

    Waste Mgmt reports EPS in-line, revs in-line

    Reports Q1 (Mar) earnings of $0.40 per share, excluding non-recurring items, in-line with the Capital IQ Consensus Estimate consensus of $0.40; revenues rose 1.2% year/year to $3.34 bln vs the $3.36 bln consensus.

    I listened to the conference call. Volumes have started to increase and with that cash flow. WM to returning value to shareholders via dividend and prudent buy backs. This year they also want to trim the debt. Although they have authorization to buy back $500 Million in stock, most buy backs will come from cash generated from sales of non-core assets.

    Continue to replaces vehicle fleet with natural gas trucks. 90% of all vehicles to be purchased will be natural gas powered. WM has also been involved in hauling and processing fracking waste in areas where they have operations close to drilling activity, particularly in PA & OH.

    Overall the call was upbeat for the future.

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