Republic Svcs Stock Price, News & Analysis

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.

Republic Services (NYSE: RSG) shares practical recycling tips to promote sustainability during the Big Game celebration. Key points include the importance of properly recycling pizza boxes, aluminum cans, and plastics, emphasizing that contaminated items compromise recycling efforts. The company highlights that food and yard waste contribute significantly to landfills, suggesting composting as a solution. Pete Keller, VP of Recycling and Sustainability, stresses that easy recycling practices enhance sustainability during events. For more tips, visit RecyclingSimplified.com.

Republic Services will report its fourth quarter 2021 financial results on February 10, 2022, post-market. An investor conference call is scheduled for 5 p.m. ET on the same day. Participants can register for the call online to gain immediate access and avoid live operator delays. A replay will be available after the call until February 17, 2022. Republic Services is a leader in the U.S. environmental services industry, focused on providing a cleaner, safer world.

Republic Services (NYSE: RSG) recently held its ROAD-EO National Championship, showcasing the skills of collection drivers, heavy equipment operators, and technicians from across the U.S. A total of 41 drivers, 22 operators, and 21 technicians competed after qualifying through local and regional events. The championship took place at Wild Horse Pass Motorsports Park in Arizona. Notable winners included Jesus Lizares (Rear-Load Driver) and Jose Duarte (Roll-Off Driver). Winners received cash prizes, additional paid time off, and trophies. Republic Services emphasizes employee engagement and offers competitive benefits.

Republic Services (NYSE: RSG) anticipates a rise in discarded packaging this holiday season, with a projected $859 billion in retail sales, according to the National Retail Federation. The company emphasizes the significance of proper recycling as online shopping grows and raw material shortages persist. Vice President Pete Keller highlights the potential for recycling to support a circular economy. Consumers can recycle items like flattened boxes and paper gift bags, while avoiding non-recyclables such as bubble wrap and holiday lights. For more recycling tips, visit RecyclingSimplified.com.

Republic Services (RSG) has opened an organics pre-processing facility in Sacramento, California, aimed at diverting food waste from landfills and generating renewable energy. This initiative aligns with California's SB 1383 law, effective January 1, 2022, which mandates food and yard waste recycling. The facility can process 40,000 pounds of food waste per hour and is part of the company's commitment to sustainability, having processed over 2.15 billion pounds of food waste in 2020. Republic Services aims to boost material recovery by 40% by 2030.