Republic Svcs Stock Price, News & Analysis

Republic Services has successfully closed a $650 million offering of 1.450% senior notes, due February 2031. The proceeds will finance the redemption of its 5.250% senior notes maturing in November 2021, which is set for September 10, 2020. This move is expected to save the company approximately $20 million in cash interest annually, benefiting from favorable market conditions and its strong credit rating. The new notes are unsecured and will have interest payments starting February 15, 2021.

Republic Services reported a net income of $225.5 million ($0.71 per diluted share) for Q2 2020, down from $251.5 million ($0.78 per diluted share) in Q2 2019. Adjusted net income stood at $258.2 million ($0.81 per diluted share), up from $254.1 million ($0.79 per diluted share) year-over-year. The company achieved a 17.4% increase in year-to-date operating cash flows, totaling $1.334 billion. With adjusted free cash flow guidance set at $1.1 billion to $1.175 billion for 2020, Republic continues to invest in acquisitions and raise dividends, reflecting strong cash flow confidence.

Republic Services, Inc. (NYSE: RSG) has appointed Michael A. Duffy to its Board of Directors, expanding the board to 11 members. Duffy, CEO of C&S Wholesale Grocers, brings extensive experience in supply chain management and corporate strategy. His previous roles include division president at Cardinal Health and vice president at Gillette and P&G. CEO Donald W. Slager highlighted Duffy's leadership skills and customer-focused approach as valuable to the company’s growth strategy. Republic Services is a leader in recycling and waste disposal, striving for sustainable solutions.

Republic Services has announced a 5% increase in its quarterly dividend, now set at $0.425 per share, to be paid on October 15, 2020, for shareholders of record by October 1, 2020. This increase reflects the company’s strong cash flow and long-standing commitment to return value to shareholders, having increased the annual dividend for 16 consecutive years. CEO Donald W. Slager emphasized the company's sound capital allocation practices and business resilience.

Republic Services announced a donation of 100,000 N95 masks to support essential services during the COVID-19 pandemic in Atlanta and Rutherford County, Tennessee. The masks will benefit healthcare workers at Grady Memorial Hospital and first responders in the region. This initiative is part of Republic's $20 million 'Committed to Serve' program, aimed at supporting frontline employees and local small businesses. The company has already contributed $3 million to its charitable foundation and invested $17 million in local economies through various initiatives.

Republic Services, Inc. (NYSE: RSG) will announce its second quarter 2020 financial results on August 6, 2020, after market close. An investor conference call is scheduled for 5:00 p.m. ET, accessible via the company's Investor Relations page or by phone. A pre-registration link is provided for easier access to the call. A replay will be available starting one hour after the conclusion of the call until August 13, 2020. Republic Services is a leader in recycling and solid waste disposal, employing 36,000 individuals dedicated to sustainable waste solutions.