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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.
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.
Republic Services (NYSE: RSG) announced it will release its Q4 2020 financial results on Feb. 22, 2021, after market close. An investor conference call is scheduled for 5 p.m. ET on the same day.
Participants can join the call via the Company's Investor Relations page or by dialing 844-890-1789. Pre-registration is encouraged to streamline access. A replay will be available through March 1, 2021.
Republic Services and Aria Energy have expanded the landfill gas-to-energy project at County Line Landfill, increasing its capacity to 7.6 megawatts, a 25% rise from the previous 6 megawatts. This expansion aligns with Republic's goal to divert 50% more landfill gas for beneficial reuse by 2030. The facility will generate renewable energy sufficient to power over 4,800 homes per year and is projected to prevent carbon emissions equivalent to over 43 million gallons of gasoline annually.
Republic Services announced an increase in packaging waste due to the surge in online shopping during the holiday season. As U.S. retail e-commerce sales are projected to rise by nearly 36%, proper recycling is emphasized to maintain the supply of recycled materials like paper and cardboard. Households generate 25% more waste during this period, equating to 1,000 extra pounds per household. The company urges the public to recycle effectively, highlighting that about 80% of holiday waste can be repurposed. For more tips, visit RecyclingSimplified.com.
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