Welcome to our dedicated page for Republic Svcs news (Ticker: RSG), a resource for investors and traders seeking the latest updates and insights on Republic Svcs stock.
Republic Services, Inc. (NYSE: RSG) is an environmental services company whose news flow reflects its activities in recycling, solid waste, special waste, hazardous waste and field services, as well as its sustainability and community initiatives. Company news releases highlight operational performance, financial results, renewable energy projects and partnerships, workplace recognition and charitable efforts.
Investors and observers following RSG news will see regular earnings announcements and conference call schedules, where Republic Services reports revenue by line of business, margins, cash flow, acquisition activity and dividend decisions. These updates often include commentary on pricing, volume, adjusted EBITDA and free cash flow, along with guidance ranges and capital allocation, providing insight into how the company manages its integrated waste and recycling operations.
Republic Services’ news also covers environmental and sustainability projects. The company and its partners have announced renewable natural gas facilities at landfills, designed to capture landfill gas and convert it into pipeline-quality renewable natural gas for use as a low-carbon transportation fuel and in other applications. Such projects are presented as supporting Republic Services’ stated goal to beneficially reuse more biogas and contribute to decarbonization and circularity.
Additional news items focus on recycling innovation, such as product carbon footprint studies for recycled PET flake produced at the company’s Las Vegas Polymer Center, and on community and philanthropic activities through the Republic Services Charitable Foundation. Stories include grants to organizations like The Martin Luther King, Jr. Center for Nonviolent Social Change and holiday food distributions in partnership with local groups.
Coverage of workplace recognition, including repeated Great Place to Work certifications and other third-party sustainability and ethics accolades, rounds out the RSG news stream. For those tracking Republic Services, the news page offers a view into financial performance, environmental projects, employee-focused initiatives and community engagement.
Republic Services reported a net income of $350.3 million ($1.10 per diluted share) for Q3 2021, up from $260.0 million ($0.81) in 2020. Adjusted net income rose to $353.7 million ($1.11), compared to $319.3 million ($1.00). The company raised its full-year financial guidance, now projecting adjusted EPS between $4.10 and $4.13 and adjusted free cash flow between $1,475 million and $1,500 million. Key growth drivers included a 5.2% increase in core price revenue and a 22% rise in adjusted free cash flow.
Republic Services (NYSE: RSG) has launched California's first fully solar-powered compost facility in Chula Vista, aimed at recycling organic waste from the San Diego region. This facility complies with state law SB 1383, effective Jan. 1, 2022, mandating the recycling of food and yard waste. Capable of processing 100 tons of organic material daily, with plans to double capacity, it reinforces the company's commitment to sustainability and recycling. Republic processed over 2.15 billion pounds of organic waste in 2020 and aims for a 40% increase in material recovery by 2030.
Republic Services (NYSE: RSG) has launched the first-ever diesel technician training program at its Technical Institute in Dallas. This 12-week program, developed in partnership with Lincoln Tech and the U.S. Department of Labor, aims to tackle the national diesel technician shortage. Students receive full compensation and training in a state-of-the-art facility. Graduates will transition to full-time technician roles within the company across 45 states, benefitting from competitive salaries and comprehensive benefits. The initiative emphasizes inclusivity, targeting veterans, recent high school graduates, and individuals from underserved areas.
Republic Services, Inc. (NYSE: RSG) has scheduled the release of its third quarter 2021 financial results for October 28, 2021, after market close. Following the results, the company will host an investor conference call at 5 p.m. ET, accessible via the Company’s Investor Relations webpage or by phone at 844-890-1789. Pre-registration is encouraged for those dialing in. A replay of the call will be available until November 4, 2021. Republic Services is committed to sustainability and aims to enhance the customer experience while promoting a healthier planet.
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.