As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Average yield: 5.5% compared to the 5.9% average estimate based on three analysts. Revenue- Environmental solutions: $489.70 million compared to the $435.95 million average estimate based on two analysts. The reported number represents a change of +16.7% year over year. Revenue- Collection- Total: $2.72 billion co ...

Financial Data and Key Metrics Changes - Revenue growth of 9% and adjusted EBITDA growth of 13% were reported, with adjusted EBITDA margin expanding by 110 basis points to 31.1% [64][91] - Adjusted earnings per share reached $1.61, and year-to-date adjusted free cash flow was $1.15 billion [64][91] - The updated financial guidance includes revenue expectations in the range of $16.075 billion to $16.125 billion [67] Business Line Data and Key Metrics Changes - Environmental solutions revenue increased by $74 million year-over-year, with adjusted EBITDA margin expanding by 130 basis points to 23.8% [9] - Small container volume decreased by 60 basis points, while landfill MSW increased by 1.1% [90] - Recycling processing and commodity sales increased revenue by 50 basis points during the quarter, with commodity prices at $173 per ton compared to $119 per ton in the prior year [69] Market Data and Key Metrics Changes - Core price on total revenue was 6.8%, with core price on related revenue at 8.1% [8] - Average yield on total revenue was 5.5%, while average yield on related revenue was 6.6% [8] - Volume on total revenue decreased by 80 basis points, with a 3.3% decline in large container volume attributed to softness in construction-related activity [8] Company Strategy and Development Direction - The company is focused on sustainability and has made significant investments in renewable natural gas projects and fleet electrification, aiming for over 50 electric vehicles in its collection fleet by year-end [66][87] - The company continues to prioritize direct customer relationships and has intentionally shed broker-related business to enhance profitability [90][132] - Digital capabilities are being expanded with the implementation of the RISE digital operations platform and the MPower fleet management system, expected to drive $20 million in annual cost savings once fully implemented [65][66] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the construction market recovering, anticipating that interest rate cuts could catalyze housing stock increases [14] - The company expects organic growth for the balance of the year, despite some volume challenges due to market conditions [46] - Management remains confident in navigating potential impacts from political changes and market fluctuations, emphasizing a strong operational foundation [72] Other Important Information - The company has invested $68 million in acquisitions year-to-date and has a pipeline of over $300 million in transactions expected to close by year-end [88] - Employee turnover improved by 70 basis points compared to the prior year, indicating a positive trend in workforce stability [6] Q&A Session Summary Question: Impact of market conditions on volume expectations - Management noted that volume expectations are slightly below original forecasts due to challenges in the construction market, but pricing remains strong [14] Question: Appetite for acquisitions in hazardous waste markets - Management indicated a consistent approach to acquisitions, focusing on high-quality deals that align with strategic goals [20] Question: Organic growth expectations for the remainder of the year - Management confirmed expectations for organic growth, despite challenges in volume due to market conditions [46] Question: Pricing trends and margin expectations - Management anticipates a slight deceleration in pricing growth in the second half of the year but expects continued margin expansion [37][120] Question: Update on digital initiatives and cost savings - Management confirmed that the MPower system is expected to drive significant cost savings and improve operational efficiency [65][142]

"We are raising our quarterly dividend by approximately 8 percent," said Jon Vander Ark, president and chief executive officer. "This is the 21st consecutive year we've increased our annual dividend, which reinforces our commitment to efficiently return cash to shareholders." For more information, contact: Media Inquiries Investor Inquiries Roman Blahoski (480) 718-0328 Aaron Evans (480) 718-0309 [email protected] [email protected] PHOENIX, July 24, 2024 /PRNewswire/ -- Republic Services, Inc. (NYSE: RSG) a ...

PHOENIX, July 24, 2024 /PRNewswire/ -- Republic Services, Inc. (NYSE: RSG) today reported net income of $511.5 million, or $1.62 per diluted share, for the three months ended June 30, 2024, versus $427.4 million, or $1.35 per diluted share, for the comparable 2023 period. Excluding certain expenses and other items, on an adjusted basis, net income for the three months ended June 30, 2024, was $508.9 million, or $1.61 per diluted share, versus $446.7 million, or $1.41 per diluted share, for the comparable 20 ...

EXHIBIT 99.1 Republic Services, Inc. Reports Second Quarter 2024 Results PHOENIX (July 24, 2024) – Republic Services, Inc. (NYSE: RSG) today reported net income of $511.5 million, or $1.62 per diluted share, for the three months ended June 30, 2024, versus $427.4 million, or $1.35 per diluted share, for the comparable 2023 period. Excluding certain expenses and other items, on an adjusted basis, net income for the three months ended June 30, 2024, was $508.9 million, or $1.61 per diluted share, versus $446. ...

Republic Services is a leading provider of non-hazardous solid waste collection, transfer, disposal, recycling, and energy services. As of Dec 31, 2023, the company operated through 364 collection operations, 246 transfer stations, 207 active landfills, 74 recycling centers, three treatment, recovery and disposal facilities, 22 treatment, storage and disposal facilities, 12 deep injection wells, 1 polymer center and 6 salt water disposal wells, across the United States and Canada. The company is engaged in ...

"Sustainability is our business. Through investments and innovations, Republic Services is transforming plastics circularity and advancing decarbonization solutions, helping meet the needs of our customers," said Jon Vander Ark, president and chief executive officer. "As we continue to make progress toward our long-term goals, we're driving both economic and environmental sustainability, and working to create a more sustainable world." Republic Services continues to make meaningful strides toward its ambiti ...

Republic Services, Inc. (RSG) is scheduled to release its second-quarter 2024 results on Jul 24, after the bell. The Zacks Consensus Estimate for the company's revenues in the to-be-reported quarter is pegged at $4.03 billion, indicating 8.2% growth from the year-ago quarter. The improved segmental growth is likely to have benefitted top-line growth. Our estimate for the adjusted EBITDA is pegged at $1.22 billion, indicating 9.1% growth from the year-ago quarter. The EBITDA margin is expected to be 30.2%, s ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Republic Services (RSG) , which belongs to the Zacks Waste Removal Services industry. For the most recent quarter, Republic Services was expected to post earnings of $1.37 per share, but it reported $1.45 per share instead, representing a surprise of 5.84%. For the previous quarter, the consensus estimate was $1.28 per share, while it actually produced $1.41 ...

Boring businesses can be some of the best businesses to own. Convenience stores, funeral homes, aerospace parts, and even solid waste have been some weird (but highly profitable) industries where investors can find great businesses that generate strong free cash flow and have long runways for growth. One such company I think fits this bill is Republic Services (NYSE:RSG), which is the second largest waste services provider in North America, after Waste Management (WM). With a huge network of landfills and t ...