Republic Svcs Stock Price, News & Analysis

Republic Services and Archaea Energy have formed a joint venture to develop 39 renewable natural gas (RNG) projects nationwide, creating the largest RNG portfolio in the U.S. The $1.1 billion investment includes $800 million from Archaea and $300 million from Republic. The initiative, which aims to convert landfill gas into pipeline-quality RNG, supports Republic's sustainability goal of reusing 50% more biogas by 2030. Construction is set to begin in late 2022, with completion expected by 2027.

Republic Services completed the acquisition of US Ecology on May 2, 2022, for $2.2 billion, including debt. The deal, priced at $48 per share, is expected to generate $75 million to $100 million in cross-selling revenue opportunities and $40 million in cost synergies within three years. This acquisition aims to enhance Republic's environmental solutions across the U.S. and Canada, providing a more integrated service portfolio for customers. Republic plans to maintain a strong balance sheet, returning net debt-to-EBITDA below 3x in 18 months.

Republic Services (RSG) has announced a $2 million sponsorship for the revitalization of Margaret T. Hance Park in Phoenix, enhancing local community space and supporting sustainability efforts. The project includes the Republic Services Garden, a one-acre area featuring native desert plants and low water usage gardening techniques. Construction is underway, aiming for completion by February 2023, coinciding with Super Bowl LVII. This investment is part of the company's broader sustainability goals, having positively impacted nearly 6 million people since 2018.

Republic Services, Inc. (NYSE: RSG) will announce its first quarter 2022 financial results on May 5, 2022, following the market closure. An investor conference call is scheduled for 5 p.m. ET. Participants can access the live audio webcast on the Company's Investor Relations page or join by phone at 1-844-890-1789 (International: 412-717-9598) with the passcode "Republic Services." A replay will be available shortly after the call and until May 12, 2022.

Republic Services (NYSE: RSG) and US Ecology (NASDAQ-GS: ECOL) announced the expiration of the Hart-Scott-Rodino Antitrust Improvements Act waiting period for their proposed acquisition on March 30, 2022. With the waiting period concluded, the transaction is expected to close in the second quarter of 2022, pending US Ecology's stockholder approval and fulfillment of remaining closing conditions. This acquisition signifies Republic Services' commitment to expanding its environmental services footprint and enhancing its service offerings.

On March 1, 2022, Republic Services (NYSE: RSG) announced plans for the first integrated plastics recycling facility in the U.S., aimed at addressing the growing demand for recycled plastic from consumer brands. The Polymer Center will allow Republic to manage the entire plastics recycling process, producing over 100 million pounds of recycled plastic annually for food-grade packaging. Set to open in Las Vegas in 2023, this facility supports sustainability goals by increasing the recovery and circularity of materials. Republic is well-positioned to aid brands in meeting their recycled content targets, reflecting its leadership in environmental services.

Republic Services reported a net income of $313.1 million ($0.98 per diluted share) for Q4 2021, up from $235.5 million ($0.74) in Q4 2020. Adjusted Q4 net income was $325.5 million ($1.02 per diluted share). For the entire year, net income reached $1,290.4 million ($4.04 per share), compared to $967.2 million ($3.02) in 2020. Republic invested over $1 billion in acquisitions and returned $800 million to shareholders. Adjusted free cash flow increased by 23% to $1.52 billion. The company also received a rating upgrade in ESG metrics.

Republic Services will acquire US Ecology for $48 per share, totaling approximately $2.2 billion. This acquisition aims to enhance Republic's environmental solutions, providing a broader range of services across hazardous and non-hazardous waste management. The deal is expected to generate $40 million in cost synergies within three years and will be financially accretive, enhancing adjusted earnings and cash flow. The transaction, approved by both companies’ boards, is anticipated to close by the end of Q2 2022, subject to regulatory approvals.