Republic Services (RSG) had an impressive run over the past year. In the same time frame, the stock has gained 32% compared with the 21.3% rally of the industry it belongs to and the 26.1% rise of the Zacks S&P 500 composite. Republic Services' earnings surpassed the Zacks Consensus Estimate in the past four quarters, delivering an average earnings surprise of 7.8%. The company continues to focus on the implementation of digital tools that enhance the customer and employee experience. RSG's RISE digital ope ...

Republic Services (NYSE:RSG), a leading waste disposal and recycling service provider, plays a crucial role in environmental sustainability and resource conservation. After coming off a strong year in 2023, CEO Jan Vander Ark remains confident in delivering solid revenue and earnings per share growth in 2024. UnitedHealth Group (UNH) If you are a more risk-averse investor, these safe companies are likely right up your alley. Visa (NYSE:V) is a cornerstone in the global payments industry and one of the world ...

Group 1 - Republic Services, Inc. is a leader in the environmental services industry, providing a comprehensive range of products and services including recycling, solid waste, special waste, hazardous waste, and field services [3] - The company is committed to advancing circularity and supporting decarbonization, aiming to create a more sustainable world in partnership with its customers [3] - Republic Services will release its second quarter financial results after market close on July 24, 2024, followed by an investor conference call at 5 p.m. Eastern Time [4] Group 2 - Participants can access the conference call via a live audio webcast on the company's Investor Relations website [1] - A replay of the conference call will be available one hour after the live call until July 31, 2024 [2] - Dial-in participants can pre-register to receive a unique PIN that will bypass the call operator [5]

Core Viewpoint - Republic Services (RSG) has demonstrated strong performance in 2023, with its shares increasing by 13.8%, surpassing both the industry average of 10.6% and the Zacks S&P 500 Composite's rise of 12.4% [1] Financial Performance - In 2023, Republic Services distributed $650 million in dividends and repurchased shares worth $261.8 million, reflecting its commitment to shareholder value [2] - For the first quarter of 2024, RSG reported earnings per share of $1.5, exceeding the Zacks Consensus Estimate by 5.8% and showing a year-over-year increase of 16.9%. However, revenues of $3.9 billion slightly missed expectations but still represented a 7.8% year-over-year growth [7] Operational Efficiency - The company is enhancing operational efficiency by transitioning to compressed natural gas (CNG) vehicles, with CNG accounting for approximately 20% of its recycling and solid waste collection fleet in 2023 [4] - RSG's fuel costs in 2023 were $541.6 million, constituting 3.6% of its revenues, down from 4.7% in 2022, indicating some success in managing fuel expenses [11] Market Position and Trends - The ongoing trends such as environmental concerns, industrialization, population growth, and government initiatives against illegal dumping are expected to benefit Republic Services [13] - The company is focused on increasing its recycling volume and has opened its first Polymer Centre to enhance plastic recycling across North America [13] Liquidity and Financial Health - As of the end of the first quarter of 2024, RSG's current ratio was 0.53, indicating potential challenges in meeting short-term obligations [8]

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It has been about a month since the last earnings report for Republic Services (RSG) . Shares have lost about 2.4% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is Republic Services due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Repuclic Services Beats Q1 Earni ...

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Core Insights - Republic Services, Inc. (RSG) has shown strong stock performance with a year-to-date appreciation of 14%, surpassing the industry growth of 13.3% and the S&P 500 composite rise of 11.5% [1] - The company has a Growth Score of B, indicating solid growth quality and sustainability [1] Financial Performance - Earnings for 2024 and 2025 are projected to grow by 7.8% and 10.6% year-over-year, respectively [2] - RSG's top line increased by 7.8% year-over-year in Q1 2024 [3] Industry Trends - As a leading waste disposal company, RSG is expected to benefit from increasing environmental concerns, rapid industrialization, population growth, and government measures to combat illegal dumping [3] - The company is focused on expanding its recycling volume through improved material handling processes and programs [3] Operational Efficiency - RSG is enhancing operational efficiency by transitioning to compressed natural gas (CNG) collection vehicles, with 20% of its fleet operating on CNG in 2023 [4] - Additionally, 13% of its replacement vehicle purchases were CNG vehicles [4] Shareholder Value - The company has consistently rewarded shareholders through dividends and share repurchases, paying $650 million in dividends and repurchasing $261.8 million in shares in 2023 [5] - This commitment to shareholder value reflects the company's confidence in its business and positively impacts earnings per share [5]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________________________________________ FORM 10-Q _________________________________________________________ (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 Phoenix, Arizona 85054 (Address of principal executive offices) (Zip Code) or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES E ...

Financial Data and Key Metrics Changes - The company achieved revenue growth of 8% and adjusted EBITDA growth of 12% in Q1 2024, with an adjusted EBITDA margin expansion of 120 basis points to 30.2% [125][146] - Adjusted earnings per share (EPS) was reported at $1.45, and adjusted free cash flow was $535 million, with a free cash flow conversion rate of 45.9% [125][131] - Total debt stood at $13 billion, with total liquidity of $2.8 billion and a leverage ratio of approximately 2.8 times [131] Business Line Data and Key Metrics Changes - The Environmental Solutions business saw a revenue increase of $15 million compared to the prior year, attributed to the rollover impact from an acquisition [167] - Adjusted EBITDA margin in the Environmental Solutions business was 20.5%, down from 21% in the prior year, but increased by 60 basis points after accounting for acquisition impacts [10] - Core price on total revenue was 7%, with core price on related revenue at 8.5%, including open market pricing of 10.2% [9] Market Data and Key Metrics Changes - Organic volume on related revenue declined by 1.1%, with large container and disposal volumes negatively impacted by severe weather [126] - Recycling commodity prices increased to $153 per ton in Q1 2024, compared to $105 per ton in the prior year, with current prices around $160 per ton [130][103] - The company reported a 1.6% increase in landfill MSW volume, while small container volume increased by 30 basis points [35] Company Strategy and Development Direction - The company is focused on sustainability innovation investments, particularly in plastic circularity and renewable natural gas, which are seen as platforms for profitable growth [7][8] - The development of a new asset management system is underway, expected to enhance maintenance technician productivity and result in $20 million of annual cost savings by 2026 [142] - The company plans to invest $230 million in joint ventures related to landfill gas to energy and blue polymers in 2024 [60] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the pipeline for Environmental Solutions, with expectations of $70 million to $90 million in PFAS-related revenue for the year [72] - The company anticipates a sequential improvement in volume performance in Q2, despite some expected softness due to construction-related activity [70] - Management noted that competitive conduct is improving, with a focus on ensuring fair returns and disciplined capital allocation [31] Other Important Information - The company returned $168 million to shareholders through dividends in the first quarter [34] - The customer retention rate remained high at over 94%, with favorable trends in the net promoter score [5] - The company is advancing its digital capabilities to improve customer and employee experiences, including route optimization and safety performance [6] Q&A Session Summary Question: Update on polymer center tracking and margin upside potential - Management indicated that the polymer center is exceeding expectations, with strong demand for recycled PET flake [170][55] Question: Expectations for cost trends and M&A activity - Management expects modest upside in margins, with a strong pipeline for acquisitions but plans to pause until 2025 for integration [30][81] Question: Trends in residential business competition and pricing - Management acknowledged the need to improve returns in the residential business, which has not progressed as much as other areas [65] Question: Volume cadence expectations for the rest of the year - Management expects a sequential improvement in volumes, with a flat to slightly positive outlook in the second half of the year [71] Question: Impact of PFAS on business opportunities - Management views PFAS as a net positive, with a growing pipeline of related revenue opportunities [72] Question: Details on Environmental Solutions acquisition impact - The acquisition closed in Q4 2023 contributed to revenue growth, with a seamless integration expected to enhance operational efficiency [76][78]