Republic Services Inc. - RSG STOCK NEWS

Republic Services, Inc. (NYSE: RSG) has been awarded the National Waste & Recycling Association's 2023 Sustainability Game Changer Award for its innovative Polymer Center in Las Vegas. This first-of-its-kind facility is part of a national network being developed to enhance circularity for rigid plastics and support sustainable packaging.

The Polymer Center processes sorted plastics from recycling facilities, further separating them by type and color to produce recycled PET flake and color-sorted olefins. Republic Services has also launched Blue Polymers, a joint venture to create custom drop-in solutions for packaging manufacturers.

A second Polymer Center is under development in Indianapolis, co-located with a Blue Polymers facility, with construction expected to be completed later this year. The company plans to establish additional sites to create a regional hub-and-spoke network for nationwide coverage, aiming to transform the plastics value chain and enable true bottle-to-bottle circularity.

Republic Services (NYSE: RSG) has announced an 8% increase in its quarterly dividend, raising it by 4.5 cents to $0.580 per share. This marks the 21st consecutive year of dividend increases for the company. The dividend will be paid on October 15, 2024, to shareholders of record as of October 2, 2024. President and CEO Jon Vander Ark emphasized that this increase reinforces the company's commitment to efficiently return cash to shareholders. This consistent dividend growth demonstrates Republic Services' financial stability and dedication to providing value to its investors.

Republic Services (NYSE: RSG) reported strong Q2 2024 results, with total revenue growth of 8.6% and net income of $511.5 million. Earnings per share increased 20% to $1.62, while adjusted EPS rose 14.2% to $1.61. The company expanded both net income margin and adjusted EBITDA margin by 110 basis points.

Key highlights include:

• Core price on total revenue increased by 6.8%
• Adjusted EBITDA reached $1,257.8 million
• Year-to-date cash flow from operations was $1.91 billion
• Adjusted free cash flow totaled $1.15 billion

Based on strong performance, Republic Services raised its full-year 2024 financial guidance for earnings and cash flow. The company also increased its quarterly dividend by approximately 8%.

Republic Services (NYSE: RSG) has released its 2023 Sustainability Report, highlighting significant progress towards its 2030 sustainability goals. The company has reduced operational greenhouse gas emissions by 15% compared to 2017, surpassing its interim target of 10% reduction by 2025. This achievement supports customers' climate goals and demonstrates Republic's commitment to environmental leadership.

Key highlights include:

• Safety improvements with an OSHA Total Recordable Incident Rate 40% better than industry average
• High employee engagement score of 86, exceeding the national average
• Opening of North America's first Polymer Center and launch of Blue Polymers initiative
• Development of five new renewable natural gas plants
• Positive impact on 4.7 million people through sustainable neighborhood projects

Republic Services and the City of Louisville, Colorado, have partnered to implement the nation's first fully electric residential recycling and waste collection fleet by the end of 2024. This initiative aligns with Louisville's Sustainability Action Plan and Republic Services' goal to reduce greenhouse gas emissions by 35% by 2030. The fleet will include four McNeilus Volterra EVs, featuring advanced safety measures like 360-degree cameras, enlarged windshields, and automated braking.

Mayor Chris Leh emphasized that this transition will make neighborhoods quieter, safer, and healthier while remaining cost-competitive for taxpayers. Richard Coupland, Republic Services vice president, praised Louisville's commitment to sustainability and highlighted the partnership's contribution to combating climate change. By the end of 2024, Republic Services aims to operate over 50 EVs across the country.

Republic Services, Inc. (NYSE: RSG) announced it will release its second quarter 2024 financial results on Wednesday, July 24, 2024, after the market close.

An investor conference call is scheduled for 5 p.m. Eastern Time on the same day. The live audio webcast can be accessed via the company's Investor Relations website. Participants can also dial in at specific numbers provided and pre-register for a unique PIN.

A replay of the conference call will be available until July 31, 2024.

Republic Services is a leader in the environmental services industry, offering a range of services including recycling, solid waste management, and hazardous waste handling. The company is committed to circularity and decarbonization efforts.

Archaea Energy, a subsidiary of bp (NYSE: BP), and Republic Services (NYSE: RSG) announce the launch of their first renewable natural gas (RNG) plant under the Lightning Renewables joint venture. The new plant, located at Republic's National Serv-All Landfill in Fort Wayne, Indiana, can process up to 6,400 standard cubic feet of landfill gas per minute (scfm), sufficient to heat over 25,000 homes annually. The Fort Wayne facility is part of a targeted 40 landfill gas-to-RNG projects expected to come online in the coming years. The plant employs Archaea Modular Design (AMD), enabling faster builds through standardized modular components. This initiative supports Republic Services' goal to beneficially reuse 50% more biogas by 2030 and contributes to bp's objective of growing to over 50 million mmbtus per year of RNG by 2030.

Republic Services employees were honored by the National Waste & Recycling Association, with three employees named as 2024 Drivers and Operator of the Year. The winners were recognized for their commitment to safety and service excellence at the NWRA Awards Breakfast during the 2024 Waste Expo convention in Las Vegas. Republic Services presented the winners with new trucks and heavy equipment personalized with their names.

Republic Services, Inc. reported strong first quarter 2024 results with an 8% total revenue growth, $1.45 adjusted earnings per share, and a 110 basis points increase in net income margin. The company generated $812 million in cash flow from operations and $535 million in adjusted free cash flow. Republic was named to Barron's 2024 100 Most Sustainable Companies List.