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. (RSG) provides investors and stakeholders with timely updates through this centralized news hub. Track critical developments across the environmental services leader's operations, including strategic initiatives in recycling innovation and waste management solutions.
Access official press releases covering quarterly earnings, sustainability milestones, and operational expansions. Our curated repository ensures transparent access to RSG's regulatory filings, partnership announcements, and industry leadership updates.
Key focus areas include circular economy advancements, landfill diversion programs, and technology-driven efficiency improvements. Bookmark this page for reliable updates on one of North America's largest non-hazardous waste handlers, serving 14,000+ communities.
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.
Republic Services closed an offering of $350 million 0.875% senior notes due November 2025 and $750 million 1.750% senior notes due February 2032. The net proceeds will finance the full redemption of its 3.550% senior notes due June 2022 and a partial redemption of its 4.750% senior notes due May 2023, expected on December 9, 2020. CFO Brian DelGhiaccio stated this will reduce cash interest costs by $26 million annually.
Republic Services (NYSE: RSG) announced a survey revealing that the COVID-19 pandemic has prompted a significant behavioral shift among consumers towards eco-friendly practices. Conducted by OnePoll, the survey indicates that 58% of 2,250 respondents are reassessing their environmental habits, with 65% acknowledging the pandemic as a catalyst for sustainable choices. Despite recognizing the importance of recycling, barriers such as lack of space and understanding affect participation. The company aims to support better recycling habits through its 'Recycling Simplified' education campaign.
Republic Services reported net income of $260.0 million ($0.81 per diluted share) for Q3 2020, down from $298.3 million ($0.93 per diluted share) in Q3 2019. Adjusted net income increased to $319.3 million ($1.00 per diluted share), up 11% year-over-year. Key highlights include a 6.8% increase in year-to-date cash operations to $1,909 million, and adjusted free cash flow enhancement by 13.8% to $1,109 million. The company raised its adjusted free cash flow guidance and announced a $2 billion share repurchase program set to begin January 1, 2021.
On October 22, 2020, Republic Services announced a $1 million grant to nine local affiliates of Rebuilding Together to aid small businesses affected by the COVID-19 pandemic. This funding, part of the Committed to Serve initiative, aims to support critical community projects, including renovations for minority-owned businesses. Grants range from $50,000 to $125,000 and will enhance local economies. The initiative also includes a total of $20 million devoted to community support and sustainability efforts.
On September 29, 2020, Republic Services (NYSE: RSG) announced its employees' recognition by the National Waste & Recycling Association (NWRA). Tommy Garcia, Tim Fields, and Ronald 'Keith' Dunn were honored as National Commercial Driver of the Year, National Industrial Driver of the Year, and Operator of the Year, respectively. Republic drivers have won 70% of Driver of the Year awards since 2009. The company emphasizes safety, with nearly 15,000 employees earning the Dedicated to Safety Award last year.
Republic Services, Inc. (RSG) will announce its third quarter 2020 financial results on November 5, 2020, post-market close. Following this, an investor conference call is scheduled for 5 p.m. ET. Interested parties can access the live audio webcast through the Company’s Investor Relations page or by dialing the provided numbers with passcode 'Republic Services'. A replay will be available until November 12, 2020, through specific dialing options. Republic Services is a leader in U.S. recycling and non-hazardous waste disposal, committed to sustainability.
Republic Services has been recognized as the 2020 Organics Recycler of the Year by the National Waste & Recycling Association for its innovative contributions to recycling. The award highlights Republic's leadership in diverting food and yard waste from landfills, emphasizing its commitment to sustainability and the circular economy.
In 2019, Republic processed 1.7 billion pounds of organic waste, producing 275,000 tons of compost. With 11 compost facilities in five states, Republic aims to increase material recovery by 40% by 2030.
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