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Republic Services Earnings Surpass Estimates in Q4, Revenues Miss
RSGRepublic Services(RSG) ZACKS·2025-02-14 17:41

Core Insights - Republic Services, Inc. (RSG) reported mixed fourth-quarter 2024 results, with earnings exceeding estimates while revenues fell short [1][2]. Financial Performance - Earnings per share (EPS) of 1.58,excludingnon−recurringitems,surpassedtheZacksConsensusEstimateby15.31.58, excluding non-recurring items, surpassed the Zacks Consensus Estimate by 15.3% and grew 12.1% year-over-year [2]. - Revenues totaled 4 billion, missing the consensus mark slightly but increasing by 5.6% compared to the previous year [2]. - Adjusted EBITDA for the quarter was 1.3billion,a9.41.3 billion, a 9.4% increase from the year-ago quarter, exceeding the estimate of 1.2 billion [5]. Segment Performance - Collection segment revenues were 2.7billion,up3.52.7 billion, up 3.5% year-over-year, but missed projections of 2.8 billion [3]. - Transfer segment revenues were 203million,an8203 million, an 8% increase year-over-year, but fell short of the 204.3 million projection [3]. - Landfill segment revenues reached 443million,increasingby5.5443 million, increasing by 5.5% year-over-year and meeting estimates [3]. - Other segment revenues were 190 million, rising 8% year-over-year but missing expectations of 199.8million[4].−Environmentalsolutionsrevenueswere199.8 million [4]. - Environmental solutions revenues were 482 million, a 16.7% year-over-year growth, surpassing projections of 458.4million[4].BalanceSheetandCashFlow−AttheendofQ42024,cashandcashequivalentswere458.4 million [4]. Balance Sheet and Cash Flow - At the end of Q4 2024, cash and cash equivalents were 74 million, down from 83.4millionattheendofQ32024[6].−Long−termdebtwas83.4 million at the end of Q3 2024 [6]. - Long-term debt was 11.9 billion, a slight decrease from 12billioninthepreviousquarter[6].−Thecompanygenerated12 billion in the previous quarter [6]. - The company generated 1 billion in cash from operating activities, with adjusted free cash flow of 444millionandcapitalexpendituresof444 million and capital expenditures of 497.6 million [6]. 2025 Guidance - For 2025, RSG expects revenues between 16.85billionand16.85 billion and 16.95 billion, with the midpoint lower than the Zacks Consensus Estimate of 16.92billion[8].−ThecompanyanticipatesadjustedEPSintherangeof16.92 billion [8]. - The company anticipates adjusted EPS in the range of 6.82 to 6.90,whichishigherthantheconsensusestimateof6.90, which is higher than the consensus estimate of 6.77 [8]. - Adjusted EBITDA is projected to be between 5.28billionand5.28 billion and 5.33 billion [8].