Republic Svcs Stock Price, News & Analysis

On February 26, 2021, Republic Services announced additional $500 'Committed to Serve' awards for its 28,000 frontline employees in recognition of their dedication during the COVID-19 pandemic. This initiative, launched in April 2020, is part of a multimillion-dollar program aimed at supporting essential workers and local businesses. The 'Committed to Serve' initiative includes over $30 million in benefits like weekly meals from local restaurants, $11 million in gift cards for employees, and $3 million in grants for small business revitalization, focusing on minority and women-owned enterprises.

Republic Services reported a net income of $235.5 million ($0.74 per diluted share) for Q4 2020, down from $289.3 million ($0.90 per share) in 2019. Excluding certain expenses, adjusted net income was $320.4 million ($1.00 per share), up from $282.7 million ($0.88 per share) a year earlier. For full-year 2020, net income was $967.2 million ($3.02 per share), a decline from $1,073.3 million ($3.33 per share) in 2019, but adjusted net income rose to $1,137.8 million ($3.56 per share). The company reported adjusted EBITDA of $2.99 billion and a 10% total shareholder return.

Republic Services (NYSE: RSG) announced it will release its Q4 2020 financial results on Feb. 22, 2021, after market close. An investor conference call is scheduled for 5 p.m. ET on the same day.

Participants can join the call via the Company's Investor Relations page or by dialing 844-890-1789. Pre-registration is encouraged to streamline access. A replay will be available through March 1, 2021.

Republic Services and Aria Energy have expanded the landfill gas-to-energy project at County Line Landfill, increasing its capacity to 7.6 megawatts, a 25% rise from the previous 6 megawatts. This expansion aligns with Republic's goal to divert 50% more landfill gas for beneficial reuse by 2030. The facility will generate renewable energy sufficient to power over 4,800 homes per year and is projected to prevent carbon emissions equivalent to over 43 million gallons of gasoline annually.

Republic Services announced an increase in packaging waste due to the surge in online shopping during the holiday season. As U.S. retail e-commerce sales are projected to rise by nearly 36%, proper recycling is emphasized to maintain the supply of recycled materials like paper and cardboard. Households generate 25% more waste during this period, equating to 1,000 extra pounds per household. The company urges the public to recycle effectively, highlighting that about 80% of holiday waste can be repurposed. For more tips, visit RecyclingSimplified.com.

Republic Services has announced a $1 million grant initiative to aid 43 locally owned businesses impacted by the COVID-19 pandemic, in partnership with twelve local Habitat for Humanity affiliates. This funding is part of Republic's broader $20 million Committed to Serve initiative, aimed at supporting employees, customers, and communities. Grants, ranging from $10,000 to $150,000, will facilitate critical repairs and operational support for various businesses across multiple states. This initiative aligns with Republic's sustainability goal to positively impact 20 million people through charitable efforts by 2030.