Republic Svcs Stock Price, News & Analysis

On March 27, 2023, Republic Services (NYSE: RSG) announced its acquisition of North State Bioenergy, an anaerobic digestion facility in Northern California. This expansion of organics recycling operations will aid in the diversion of food and yard waste from landfills, aligning with California's climate strategy and helping customers meet sustainability goals. The facility generates biogas, used for electricity or renewable natural gas for fleet vehicles. In 2022, Republic recycled 1 million tons of organic waste, significantly reducing emissions. This initiative supports Republic's goal to increase material recovery by 40% by 2030.

Republic Services (NYSE: RSG) will release its Q1 2023 financial results on April 27, 2023, after market close. An investor conference call will take place at 5 p.m. ET the same day. The call will be accessible via their Investor Relations website or by phone at (844) 890-1789. A replay will be available shortly after the call until May 4, 2023. The company continues to focus on its environmental services and commitment to sustainability.

On February 27, 2023, Republic Services (NYSE: RSG) announced the winners of the 2023 ROAD-EO National Championship, showcasing top drivers and technicians in the environmental services field. The event took place on February 21 at Wild Horse Pass Motorsports Park in Phoenix, Arizona, with 93 competitors from 30 states and one Canadian province. Winners in various categories included CJ Hines in Residential Rear-Load and David Muns in Bulldozer, each receiving prizes up to $5,000 and additional paid time off. The competition highlights Republic's commitment to safety, boasting a safety performance nearly 40% better than the industry average.

Republic Services (NYSE: RSG) announced plans to enhance its electric truck fleet in a deal with Oshkosh Corporation, with expectations that electric vehicles (EVs) will make up half of new truck purchases by 2028. The company will begin operating two electric recycling and waste truck prototypes in Phoenix this fall, expanding further in 2024 to Santa Ana, Carlsbad, and Portland. Republic, operating a fleet of 17,000 trucks, aims to reduce Scope 1 and 2 greenhouse gas emissions by 35% by 2030 and has the industry's largest commitment to fleet electrification.

Republic Services reported a 20% total revenue growth in Q4 2022, with approximately 11% growth from acquisitions. Net income for Q4 reached $346.8 million, resulting in an EPS of $1.09, a 11.2% increase year-over-year. The company generated $3.19 billion in cash flow from operations and invested $2.7 billion in acquisitions, returning $796 million to shareholders. Full-year net income was $1.49 billion, translating to $4.69 EPS, exceeding guidance by 15% in adjusted free cash flow and 18% in adjusted EPS. The company maintains a strong position for growth in 2023.

Republic Services (NYSE: RSG) organized a multi-city volunteer campaign in honor of Martin Luther King Jr. Day, aiming to strengthen community support. Events took place in Chicago, Detroit, and Memphis, where company volunteers engaged in various service activities. The Republic Services Charitable Foundation contributed $100,000 in total to partner organizations. Notably, in Detroit, volunteers aided the foster care system, while in Chicago, they collaborated with Rebuilding Together Metro Chicago to revitalize community facilities. Memphis efforts focused on beautification projects and litter cleanup, with additional donations amounting to $70,000 across the three cities.