RSG Stock Recent News

While the top- and bottom-line numbers for Republic Services (RSG) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Republic Services (RSG) came out with quarterly earnings of $1.61 per share, beating the Zacks Consensus Estimate of $1.53 per share. This compares to earnings of $1.41 per share a year ago.

PHOENIX , July 24, 2024 /PRNewswire/ -- Republic Services, Inc. (NYSE: RSG) announced today that its Board of Directors has approved a 4.5 cent increase in the Company's regular quarterly dividend. The quarterly dividend of $0.580 per share will be paid on October 15, 2024, to shareholders of record on October 2, 2024.

Second Quarter Total Revenue Growth of 8.6 Percent Reported Earnings Per Share of $1.62 and Adjusted Earnings Per Share of $1.61 Expanded Both Net Income Margin and Adjusted EBITDA Margin 110 Basis Points Generated Year-to-Date Cash Flow from Operations of $1.91 Billion and Adjusted Free Cash Flow of $1.15 Billion Raised 2024 Full-Year Financial Guidance for Earnings and Cash Flow Increased Quarterly Dividend by Approximately 8 Percent PHOENIX , July 24, 2024 /PRNewswire/ -- Republic Services, Inc. (NYSE: RSG) today reported net income of $511.5 million, or $1.62 per diluted share, for the three months ended June 30, 2024, versus $427.4 million, or $1.35 per diluted share, for the comparable 2023 period. Excluding certain expenses and other items, on an adjusted basis, net income for the three months ended June 30, 2024, was $508.9 million, or $1.61 per diluted share, versus $446.7 million, or $1.41 per diluted share, for the comparable 2023 period.

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Company reports 15% decrease, two years ahead of 2025 target, along with progress toward 2030 goals in latest Sustainability Report PHOENIX , July 24, 2024 /PRNewswire/ -- Republic Services, Inc. (NYSE: RSG), a leader in the environmental services industry, has released its 2023 Sustainability Report, which highlights the company's sustainability initiatives and progress toward its 2030 goals, including a significant reduction in greenhouse gas (GHG) emissions that will help support customers' climate goals. As of 2023, Republic has reduced operational GHG emissions 15%, versus a 2017 baseline, ahead of its interim target of a 10% reduction by 2025.

Republic Services' (RSG) second-quarter 2024 earnings and revenues are likely to increase year over year.

Republic Services (RSG) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Colorado city is 'walking the walk' as a sustainability leader; fully electric recycling and waste fleet expected by end of 2024 LOUISVILLE, Colo. , July 17, 2024 /PRNewswire/ -- Republic Services of Denver, a subsidiary of Republic Services, Inc. (NYSE: RSG) and the City of Louisville have partnered to replace the city's residential recycling and waste collection fleet with electric trucks by the end of 2024.

Republic Services is a leading waste services provider in North America with a dominant presence in the industry. My investment thesis revolves around a potential for margin expansion, technology investments, and a differentiated strategy given the company's focus on creating a circular economy for plastics. Republic Services has a balanced approach to capital allocation, including buybacks, dividends, M&A, and organic investments.