Welcome to our dedicated page for Republic Services news (Ticker: RSG), a resource for investors and traders seeking the latest updates and insights on Republic Services stock.
Republic Services, Inc. (NYSE: RSG) is a premier provider of environmental services in the United States, specializing in waste collection, recycling, and disposal services. Through its network of subsidiaries, Republic Services operates approximately 207 active landfills and 246 transfer stations, serving about 14 million customers across commercial, industrial, municipal, and residential sectors. The company has built a reputation for reliability and environmental stewardship, focused on delivering effective waste management solutions that drive sustainability.
Headquartered in Phoenix, Republic Services is dedicated to making a positive environmental impact. Its operations include a significant recycling segment that processes a substantial portion of North America's recyclable materials. The company’s tagline, “We’ll handle it from here™”, underscores its commitment to providing an effortless and reliable experience for its customers.
Republic Services is at the forefront of the industry with its innovative projects aimed at minimizing environmental footprint. Notably, the company has recently reported strong financial performance, including double-digit growth in EBITDA and net income. For the fiscal quarter ending June 30, 2023, Republic Services reported net income of $427.4 million, showing a significant increase from $371.9 million for the same period in 2022. This performance reflects the company's strategic pricing, cost management, and organic growth efforts.
One of the company's significant achievements includes its partnership with EVENSOL LLC in developing two renewable natural gas (RNG) facilities in North Carolina. These projects convert landfill gas into RNG, supporting Republic Services' long-term sustainability goal to beneficially reuse 50% more biogas by 2030. Additionally, the company has a strong commitment to decarbonizing operations and advancing circularity.
Republic Services also actively engages in shareholder value creation through consistent dividend payouts and share repurchase programs. The company announced a 4.0-cent increase in its quarterly dividend, reflecting confidence in its robust financial health and future prospects.
Financially, the company continues to deliver strong results and forward-looking guidance. For the third quarter of 2023, Republic Services posted a net income of $480.2 million, reflecting its ongoing strategic growth initiatives. With a solid track record, the company remains well-positioned to meet its year-end financial targets and continue its trajectory of profitable growth through 2024 and beyond.
Republic Services' vision is to partner with customers to create a sustainable world, driven by its industry-leading commitments to reduce emissions and enhance sustainability. The company’s broad-based revenue growth, strategic acquisitions, and focused investments in digital and sustainable innovations underscore its promise to deliver superior products and services to its diverse client base.
Republic Services has launched its first Northern California organics pre-processing facility in Martinez, designed to comply with California's SB 1383 law, effective January 1, 2022. This facility processes 20 tons of food waste per hour from local businesses, converting it into renewable energy in partnership with the East Bay Municipal Utility District. The initiative supports sustainability goals, aiming to recover 40% of key materials from waste by 2030. With over 500 business customers participating, this move positions Republic Services as a leader in the organics recycling sector.
On April 15, 2021, Republic Services reported significant increases in recycling trends due to the pandemic, highlighting shifts in consumer behavior toward at-home consumption. Key figures include a 63% rise in residential cardboard recycling, 17% for aluminum, 13% for glass, and 7% for plastic bottles. Moreover, the company processed 20% more organic waste in 2020, converting it into over 500,000 tons of compost. The data underlines growing consumer awareness regarding sustainability and the importance of proper recycling methods.
Republic Services (RSG) has announced that Donald W. Slager will retire as CEO after over a decade, effective June 25, 2021. His successor, Jon Vander Ark, currently the President, will take over the role while also joining the Board of Directors. This transition follows a comprehensive succession planning process. Vander Ark expressed confidence in leading the company forward, citing positive momentum in the business. Slager leaves behind a legacy of sustainable shareholder value and a strong corporate culture.
Republic Services (RSG) announced its first climate disclosure report, adhering to the Task Force on Climate-related Financial Disclosures (TCFD). This report highlights the company's climate-related risks and opportunities, marking a significant step in the environmental services industry. CEO Donald W. Slager emphasized the importance of transparency and commitment to developing low-carbon solutions. The TCFD report covers governance, strategy, risk management, and metrics. Republic aims for ongoing evaluations and disclosures to better inform stakeholders on climate impacts.
On March 26, 2021, Republic Services (NYSE: RSG) announced the appointment of Brian S. Tyler, Ph.D. to its Board of Directors, expanding its membership to 12. Tyler, CEO of McKesson Corporation, brings 24 years of executive experience to the company. He will serve on both the Audit Committee and the Sustainability & Corporate Responsibility Committee. Donald W. Slager, CEO of Republic Services, expressed confidence that Tyler's extensive leadership expertise will enhance the company's capabilities in environmental services.
Republic Services, Inc. (NYSE: RSG) will release its first quarter 2021 financial results on May 5, 2021, after the market closes. The company will host an investor conference call at 5 p.m. ET the same day. Participants can listen to the call via the Investor Relations page on republicservices.com or by dialing in. A replay will be available through May 12, 2021. Republic Services is a leader in the U.S. environmental services industry, focusing on providing superior customer experience and fostering a sustainable environment.
On February 26, 2021, Republic Services announced additional $500 'Committed to Serve' awards for its 28,000 frontline employees in recognition of their dedication during the COVID-19 pandemic. This initiative, launched in April 2020, is part of a multimillion-dollar program aimed at supporting essential workers and local businesses. The 'Committed to Serve' initiative includes over $30 million in benefits like weekly meals from local restaurants, $11 million in gift cards for employees, and $3 million in grants for small business revitalization, focusing on minority and women-owned enterprises.
Republic Services reported a net income of $235.5 million ($0.74 per diluted share) for Q4 2020, down from $289.3 million ($0.90 per share) in 2019. Excluding certain expenses, adjusted net income was $320.4 million ($1.00 per share), up from $282.7 million ($0.88 per share) a year earlier. For full-year 2020, net income was $967.2 million ($3.02 per share), a decline from $1,073.3 million ($3.33 per share) in 2019, but adjusted net income rose to $1,137.8 million ($3.56 per share). The company reported adjusted EBITDA of $2.99 billion and a 10% total shareholder return.
FAQ
What is the current stock price of Republic Services (RSG)?
What is the market cap of Republic Services (RSG)?
What services does Republic Services Inc. offer?
How many customers does Republic Services serve?
What are Republic Services’ environmental commitments?
What is Republic Services' financial performance for 2023?
How does Republic Services contribute to shareholder value?
What are some significant projects undertaken by Republic Services?
What is the vision of Republic Services?
Where is Republic Services headquartered?
What is the tagline of Republic Services?
How does Republic Services ensure customer satisfaction?
