Republic Services Inc. - RSG STOCK NEWS

AMP Robotics Corp. has raised $91 million in a Series D funding round led by Congruent Ventures, with participation from notable investors like Sequoia Capital, XN, Blue Earth Capital, and others. The funds will accelerate the deployment of AMP's AI-powered AMP ONE™ systems, designed to sort municipal solid waste (MSW) and single-stream recycling efficiently. AMP recently partnered with Waste Connections (NYSE: WCN) to equip and operate a recycling facility in Colorado. The company's AI-driven technology aims to improve recycling rates, lower sortation costs, and extend landfill life by capturing more material value. AMP's deep learning software processes millions of material images to identify recyclables and contaminants in real-time, enabling innovative recycling capabilities. The company has also expanded its leadership team, with Tim Stuart as CEO and Matanya Horowitz as CTO.

AMP Robotics Corp. has appointed Tim Stuart as its new CEO, replacing founder Matanya Horowitz, who will now serve as chief technology officer. Stuart, previously the COO of Republic Services, brings extensive industry experience to AMP, having overseen technology adoption and operations at Republic Services for nearly 18 years. Horowitz expressed confidence in Stuart's ability to enhance AMP's competitive edge in the AI-powered waste and recycling sector. Stuart, who joined AMP's board as the first independent director in March 2024, is optimistic about advancing AMP's technology to create more efficient recycling systems and reduce environmental impact. Recently, AMP launched an AI-powered system for municipal solid waste in Portsmouth, Virginia, and an AMP ONE™ system for single-stream and commercial recycling in Greenville, North Carolina.

Republic Services, a leader in the environmental services industry, announced it has reached its goal of employing 5,000 veterans by 2025, achieving this milestone in 2024.

Since launching the initiative in 2021, Republic Services has partnered with numerous veteran support organizations and the U.S. Department of Defense SkillBridge program to provide training, mentorship, and career opportunities to service members.

The company marked this achievement after hosting National Hire a Veteran Day events in 29 cities and was supported by its Business Resource Group V.A.L.O.R. and Talent Acquisition team.

Republic Services' Chief Human Resources Officer, Courtney Rodriguez, emphasized the value of veterans' diverse skills and backgrounds in strengthening their teams and providing world-class service.

For more information, visit jobs.republicservices.com.

Republic Services (RSG) reported strong Q3 2024 financial results with total revenue growth of 6.5%, including 4.2% organic growth and 2.3% from acquisitions. Net income reached $565.7 million, or $1.80 per diluted share, up from $480.2 million in Q3 2023. Adjusted earnings per share increased 17.5% to $1.81. The company achieved significant margin expansion, with adjusted EBITDA margin increasing 210 basis points to 32.0%. Year-to-date cash flow from operations was $2.91 billion, with $834.3 million returned to shareholders through dividends and share repurchases. The company expects to achieve the high end of its full-year 2024 adjusted EBITDA guidance.

Oshkosh (NYSE: OSK) has secured an order for 100 McNeilus® Volterra™ ZSL™ electric refuse and recycling collection vehicles from Republic Services, Inc. (NYSE: RSG). This follows a successful initial deployment and reinforces Republic Services' commitment to sustainability. The order supports Republic's goal of having electric vehicles comprise half of its new truck purchases over the next five years and aims to reduce greenhouse gas emissions by 35% by 2030.

The Volterra eRCV is the industry's first fully integrated electric refuse vehicle, designed to operate a full day's route on a single charge. It features advanced safety systems, including 360-degree cameras and automated braking. The vehicles will be deployed across multiple states, contributing to Republic Services' environmental initiatives while offering operational efficiency and driver comfort.

Ameresco, Republic Services, and PG&E have inaugurated California's largest landfill gas to renewable natural gas (RNG) plant at the Keller Canyon Landfill in Pittsburg, CA. This first-of-its-kind 11.7Mwe energy asset in the U.S. is powered by a co-located LFG-to-Electric Plant and is designed to reduce 62,000 metric tons of carbon emissions annually.

The plant can process 4,500 standard cubic feet per minute of landfill gas and is expected to deliver approximately 1 billion cubic feet of RNG annually into PG&E's gas pipeline system. This project supports California's goal of achieving 60% renewable energy by 2030 and carbon neutrality by 2045, while also advancing Republic Services' commitment to beneficially reuse 50% more of their biogas by 2030.

The Keller Canyon plant created over 80 construction jobs and is expected to sustain more than 25 operational jobs. It began commercial operations in July 2024 and is now fully operational.

Republic Services (NYSE: RSG) has launched the Circularity Index, a free online tool to help businesses assess and improve their circularity practices. The tool was developed in response to research showing that while 87% of companies plan to invest more in circular initiatives, many lack the necessary expertise and tools.

The Circularity Index places companies on a five-point maturity curve across three categories: Commitment, Execution, and Recovery. It revealed that 45% of companies are still in the early stages of circularity, with only 12% achieving Expert status. Industries like consumer packaged goods, manufacturing, and energy/utilities/environmental services are more advanced, while government sectors have the most room for improvement.

The tool aims to help companies benchmark their circularity initiatives against industry peers and provide guidance for setting goals and enhancing operational circularity. A webinar on October 16, 2024, will offer an overview of the Circularity Index and industry-specific results.

Blue Polymers, , Republic Services (NYSE: RSG), and the City of Buckeye broke ground on a new recycled plastics production facility in Buckeye, Arizona. The 162,000-square-foot facility, set to open in the second half of 2025, will create over 60 highly skilled permanent jobs. It will specialize in recycling polyethylene and polypropylene for consumer packaging.

This facility is part of Republic Services' network of regional Polymer Center plastics recycling facilities, the first of their kind in North America. The Buckeye facility will process materials from Republic's Las Vegas Polymer Center. Blue Polymers aims to support package-to-package circularity with an annual production target of 300+ million pounds of recycled resins across its network of four regional facilities.

Republic Services, Inc. (NYSE: RSG) has announced the date for its third quarter 2024 earnings release and conference call. The company will release its financial results after market close on Tuesday, October 29, 2024, followed by an investor conference call at 5 p.m. Eastern Time. Investors can access the call via a live audio webcast on the company's Investor Relations website or by dialing in. A replay will be available until November 5, 2024.

Republic Services is a leader in environmental services, offering a comprehensive range of products and services including recycling, solid waste, special waste, hazardous waste, and field services. The company is committed to advancing circularity and supporting decarbonization to create a more sustainable world.