Republic Svcs Stock Price, News & Analysis

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.

OPAL Fuels and NextEra Energy Marketing have announced plans to construct Minnesota's first landfill renewable natural gas (RNG) production facility. This facility will replace an existing power generation site at the Pine Bend Landfill and is projected to produce over 6 million gas gallon equivalents of RNG annually. The project aims to reduce carbon emissions significantly, equivalent to taking 435,000 cars off the road each year. Construction will create about 50-60 jobs, with completion expected in Q1 2022.

Republic Services has launched its first Northern California organics pre-processing facility in Martinez, designed to comply with California's SB 1383 law, effective January 1, 2022. This facility processes 20 tons of food waste per hour from local businesses, converting it into renewable energy in partnership with the East Bay Municipal Utility District. The initiative supports sustainability goals, aiming to recover 40% of key materials from waste by 2030. With over 500 business customers participating, this move positions Republic Services as a leader in the organics recycling sector.

On April 15, 2021, Republic Services reported significant increases in recycling trends due to the pandemic, highlighting shifts in consumer behavior toward at-home consumption. Key figures include a 63% rise in residential cardboard recycling, 17% for aluminum, 13% for glass, and 7% for plastic bottles. Moreover, the company processed 20% more organic waste in 2020, converting it into over 500,000 tons of compost. The data underlines growing consumer awareness regarding sustainability and the importance of proper recycling methods.