Republic Svcs Stock Price, News & Analysis

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.

Republic Services, Inc. (RSG) announced the release date for its fourth quarter 2022 financial results, scheduled for February 15, 2023, after market close. An investor conference call will follow at 5 p.m. ET. Participants can join via the Company’s Investor Relations page or by phone. Pre-registration is encouraged for immediate access. The replay will be available until February 22, 2023. Republic Services is a leader in environmental services, focusing on sustainability and reducing emissions. More details can be found on RepublicServices.com.

Republic Services (NYSE: RSG) highlights consumer misconceptions about plastics recycling ahead of America Recycles Day on November 15. A recent survey of over 2,000 U.S. consumers revealed that 61% mistakenly believe flexible plastics are recyclable. While 64% claim to understand recycling, actual recycling rates for common items like water bottles (62%) and milk jugs (51%) remain suboptimal. The company aims to educate consumers on proper recycling practices, underscoring the increasing demand for high-quality recycled plastics as brands set ambitious recycling targets.

Republic Services reported a strong third quarter with total revenue growth of 23%, including 12% from acquisitions. The company's net income reached $416.9 million, or $1.32 per share, up from $350.3 million in Q3 2021. Adjusted EPS increased by 20% to $1.34. Year-to-date cash flow from operations was $2,383 million, with adjusted free cash flow at $1,665 million. Despite a drop in average recycled commodity prices, Republic plans to continue investing in growth opportunities.

Republic Services, Inc. (NYSE: RSG) will release its third quarter 2022 financial results on October 27, 2022, after market close. An investor conference call is scheduled for 5 p.m. ET the same day. Interested parties can access the call via phone or through the Company's Investor Relations page at republicservices.com.

A replay of the call will be available starting one hour after its conclusion, accessible until November 3, 2022. For more information about Republic Services and its environmental services offerings, visit RepublicServices.com.