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.
Ameresco, Republic Services, and PG&E have inaugurated California's largest landfill gas to renewable natural gas (RNG) plant at the Keller Canyon Landfill in Pittsburg, CA. This first-of-its-kind 11.7Mwe energy asset in the U.S. is powered by a co-located LFG-to-Electric Plant and is designed to reduce 62,000 metric tons of carbon emissions annually.
The plant can process 4,500 standard cubic feet per minute of landfill gas and is expected to deliver approximately 1 billion cubic feet of RNG annually into PG&E's gas pipeline system. This project supports California's goal of achieving 60% renewable energy by 2030 and carbon neutrality by 2045, while also advancing Republic Services' commitment to beneficially reuse 50% more of their biogas by 2030.
The Keller Canyon plant created over 80 construction jobs and is expected to sustain more than 25 operational jobs. It began commercial operations in July 2024 and is now fully operational.
Republic Services (NYSE: RSG) has launched the Circularity Index, a free online tool to help businesses assess and improve their circularity practices. The tool was developed in response to research showing that while 87% of companies plan to invest more in circular initiatives, many lack the necessary expertise and tools.
The Circularity Index places companies on a five-point maturity curve across three categories: Commitment, Execution, and Recovery. It revealed that 45% of companies are still in the early stages of circularity, with only 12% achieving Expert status. Industries like consumer packaged goods, manufacturing, and energy/utilities/environmental services are more advanced, while government sectors have the most room for improvement.
The tool aims to help companies benchmark their circularity initiatives against industry peers and provide guidance for setting goals and enhancing operational circularity. A webinar on October 16, 2024, will offer an overview of the Circularity Index and industry-specific results.
Blue Polymers, , Republic Services (NYSE: RSG), and the City of Buckeye broke ground on a new recycled plastics production facility in Buckeye, Arizona. The 162,000-square-foot facility, set to open in the second half of 2025, will create over 60 highly skilled permanent jobs. It will specialize in recycling polyethylene and polypropylene for consumer packaging.
This facility is part of Republic Services' network of regional Polymer Center plastics recycling facilities, the first of their kind in North America. The Buckeye facility will process materials from Republic's Las Vegas Polymer Center. Blue Polymers aims to support package-to-package circularity with an annual production target of 300+ million pounds of recycled resins across its network of four regional facilities.
Republic Services, Inc. (NYSE: RSG) has announced the date for its third quarter 2024 earnings release and conference call. The company will release its financial results after market close on Tuesday, October 29, 2024, followed by an investor conference call at 5 p.m. Eastern Time. Investors can access the call via a live audio webcast on the company's Investor Relations website or by dialing in. A replay will be available until November 5, 2024.
Republic Services is a leader in environmental services, offering a comprehensive range of products and services including recycling, solid waste, special waste, hazardous waste, and field services. The company is committed to advancing circularity and supporting decarbonization to create a more sustainable world.
Republic Services (NYSE: RSG) has been certified as a Great Place to Work® for the eighth consecutive year. This recognition, based on direct employee feedback, highlights the company's commitment to fostering an inclusive culture. 82% of the 5,000 randomly selected employees rated Republic Services as a great place to work, significantly surpassing the national average of 57%.
Key findings from the survey include:
- 89% of employees felt welcome when joining the company
- 85% felt pride in their work at Republic Services
The company has also received other notable recognitions, including being named to Ethisphere's list of the World's Most Ethical Companies and Forbes Best Employers for Diversity.
Republic Services, Inc. (NYSE: RSG) has been awarded the National Waste & Recycling Association's 2023 Sustainability Game Changer Award for its innovative Polymer Center in Las Vegas. This first-of-its-kind facility is part of a national network being developed to enhance circularity for rigid plastics and support sustainable packaging.
The Polymer Center processes sorted plastics from recycling facilities, further separating them by type and color to produce recycled PET flake and color-sorted olefins. Republic Services has also launched Blue Polymers, a joint venture to create custom drop-in solutions for packaging manufacturers.
A second Polymer Center is under development in Indianapolis, co-located with a Blue Polymers facility, with construction expected to be completed later this year. The company plans to establish additional sites to create a regional hub-and-spoke network for nationwide coverage, aiming to transform the plastics value chain and enable true bottle-to-bottle circularity.
Republic Services (NYSE: RSG) has announced an 8% increase in its quarterly dividend, raising it by 4.5 cents to $0.580 per share. This marks the 21st consecutive year of dividend increases for the company. The dividend will be paid on October 15, 2024, to shareholders of record as of October 2, 2024. President and CEO Jon Vander Ark emphasized that this increase reinforces the company's commitment to efficiently return cash to shareholders. This consistent dividend growth demonstrates Republic Services' financial stability and dedication to providing value to its investors.
Republic Services (NYSE: RSG) reported strong Q2 2024 results, with total revenue growth of 8.6% and net income of $511.5 million. Earnings per share increased 20% to $1.62, while adjusted EPS rose 14.2% to $1.61. The company expanded both net income margin and adjusted EBITDA margin by 110 basis points.
Key highlights include:
- Core price on total revenue increased by 6.8%
- Adjusted EBITDA reached $1,257.8 million
- Year-to-date cash flow from operations was $1.91 billion
- Adjusted free cash flow totaled $1.15 billion
Based on strong performance, Republic Services raised its full-year 2024 financial guidance for earnings and cash flow. The company also increased its quarterly dividend by approximately 8%.
Republic Services (NYSE: RSG) has released its 2023 Sustainability Report, highlighting significant progress towards its 2030 sustainability goals. The company has reduced operational greenhouse gas emissions by 15% compared to 2017, surpassing its interim target of 10% reduction by 2025. This achievement supports customers' climate goals and demonstrates Republic's commitment to environmental leadership.
Key highlights include:
- Safety improvements with an OSHA Total Recordable Incident Rate 40% better than industry average
- High employee engagement score of 86, exceeding the national average
- Opening of North America's first Polymer Center and launch of Blue Polymers initiative
- Development of five new renewable natural gas plants
- Positive impact on 4.7 million people through sustainable neighborhood projects
Republic Services and the City of Louisville, Colorado, have partnered to implement the nation's first fully electric residential recycling and waste collection fleet by the end of 2024. This initiative aligns with Louisville's Sustainability Action Plan and Republic Services' goal to reduce greenhouse gas emissions by 35% by 2030. The fleet will include four McNeilus Volterra EVs, featuring advanced safety measures like 360-degree cameras, enlarged windshields, and automated braking.
Mayor Chris Leh emphasized that this transition will make neighborhoods quieter, safer, and healthier while remaining cost-competitive for taxpayers. Richard Coupland, Republic Services vice president, praised Louisville's commitment to sustainability and highlighted the partnership's contribution to combating climate change. By the end of 2024, Republic Services aims to operate over 50 EVs across the country.
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