Republic Svcs Stock Price, News & Analysis

Republic Services (RSG) has achieved certification as a Great Place to Work for the fifth consecutive year and has been recognized by PEOPLE magazine as one of the 2021 Companies that Care. With 80% of employees rating the company positively, Republic emphasizes employee engagement and an inclusive culture. The Great Place to Work certification is awarded to fewer than 1,000 U.S. companies, reflecting a commitment to workplace quality. The company has also invested nearly $35 million in community initiatives during the COVID-19 pandemic, supporting employees and local businesses.

Raven SR Inc. has partnered with Republic Services (NYSE: RSG) to convert organic waste into green hydrogen at a site in Richmond, California. This collaboration aims to process up to 99.9 tons of organic waste daily, producing up to 2,000 metric tons of renewable hydrogen annually. The initiative aligns with California's emission reduction goals and emphasizes sustainability. Raven SR utilizes its patented non-combustion Steam/CO₂ Reformation process, differentiating itself from traditional waste-to-energy methods.

Republic Services reported a net income of $331.1 million for Q2 2021, a significant increase from $225.5 million in Q2 2020. Adjusted EPS rose to $1.09, up 36% year-over-year. Revenue grew 15% driven by an 8.1% volume increase and a 5.2% rise in core pricing. Year-to-date cash from operations reached $1.5 billion. The company has raised its full-year EPS guidance to $4.00 to $4.05 and free cash flow guidance to $1.45 billion to $1.475 billion, reflecting strong business momentum and operational success.

Republic Services announced an 8% increase in its quarterly dividend, raising it from $0.425 to $0.46 per share. This dividend will be paid on October 15, 2021, to shareholders of record on October 1, 2021. This marks the seventeenth consecutive year of dividend increases, highlighting the company's commitment to returning cash to shareholders.

Republic Services (NYSE: RSG) released its annual sustainability report, noting a 5% reduction in operational greenhouse gas emissions and improved recycling of materials. The report highlights a 21% drop in safety incidents, strong employee engagement at 85%, and commitment to fleet electrification with an electric truck pilot. The firm also contributed $5 million to community revitalization. Recognized on various sustainability indices, Republic aims for substantial progress toward its 2030 goals.

On July 14, 2021, Republic Services (NYSE: RSG) achieved a historic milestone by winning all National Waste & Recycling Association Driver of the Year and Operator of the Year awards. Four employees were recognized for their exemplary service, emphasizing the company's commitment to safety and customer satisfaction. James Davis was named National Residential Driver of the Year, Dedra McKinley as National Commercial Driver of the Year, Tony Forrest as National Industrial Driver of the Year, and Victoria Barragan as Operator of the Year, marking her as the first woman to receive this honor.

Republic Services, Inc. (NYSE: RSG) announced it will release its Q2 2021 financial results on July 29, 2021, after market close. The company will host an investor conference call at 5 p.m. ET on the same day, accessible via their Investor Relations website or through designated phone numbers. Pre-registration is encouraged for dial-in participants. A replay of the call will be available until August 5, 2021. Republic Services is a leading player in the U.S. environmental services sector, committed to sustainability.

Republic Services (NYSE: RSG) has been recognized in 3BL Media's 100 Best Corporate Citizens of 2021 for outstanding environmental, social, and governance (ESG) performance. This marks the second consecutive year the company has received this honor. The ranking evaluates 1,000 large U.S. companies based on 146 ESG indicators. CEO Don Slager emphasized the importance of sustainability and ethics in their business strategy. Additionally, the company launched a $30 million initiative, Committed to Serve, supporting communities and employees, while continuing to progress toward its 2030 sustainability goals.

Republic Services reported a strong first quarter of 2021, achieving a net income of $295.9 million, or $0.93 per diluted share, compared to $246.3 million, or $0.77, in Q1 2020. Adjusted earnings per share also increased by 24% to $0.93. Operating cash flow rose 11% to $661 million, while adjusted free cash flow surged 62% to $464.2 million. The company expanded its adjusted EBITDA margin by 270 basis points to 30.7%. Following this solid performance, Republic raised its full-year adjusted EPS guidance to between $3.74 and $3.79, and its free cash flow guidance to $1.35-$1.4 billion.