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 (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.
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