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Waste Management's CEO Discusses Q4 2011 Results - Earnings Call Transcript

Waste Management (WM)

Q4 2011 Earnings Call

February 16, 2012 10:00 am ET


Ed Egl -

David P. Steiner - Chief Executive Officer, President and Director

Steven Preston - Principal Financial Officer and Executive Vice President of Finance, Recycling & Energy Services


Scott J. Levine - JP Morgan Chase & Co, Research Division

William H. Fisher - Raymond James & Associates, Inc., Research Division

Michael E. Hoffman - Wunderlich Securities Inc., Research Division

Vance Edelson - Morgan Stanley, Research Division

David Warner - First Analysis Corporation

Stewart Scharf - S&P Equity Research



Good morning. My name is Regina, and I will be your conference operator today. At this time, I would like to welcome everyone to the fourth quarter and year end 2011 earnings release conference call. [Operator Instructions] I would now like to turn the conference over to Mr. Ed Egl, Director, Investor Relations. Please go ahead, sir.

Ed Egl

Thank you, Regina. Good morning, everyone, and thank you for joining us for our fourth quarter 2011 earnings conference call. With me this morning are David Steiner, Chief Executive Officer; and Steve Preston, Executive Vice President of Finance, Recycling and Energy Services. David will start things off with a summary of the financial results for the quarter and an overview of our plans for 2012. Dave will cover our revenue growth, including price and volume trends, operating costs and the financial statements. We will conclude with questions and answers. During their statements, and comparisons made by David and Steve, unless otherwise stated, will be with the fourth quarter of 2010.

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