Republic Svcs Stock Price, News & Analysis

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.

Republic Services (NYSE: RSG) has been recognized as a Great Place to Work for the sixth consecutive year, making it the only environmental services provider with this certification. Employees rated the company 40% higher than the typical U.S. firm, highlighting a welcoming environment and inclusivity. Notable statistics include 87% of workers feeling welcomed upon joining, and 84% feeling treated as full team members. The company continues to enhance workplace diversity and has received recognition from various organizations, including Barron's 100 Most Sustainable Companies.

Republic Services has been awarded the 2022 Organics Management Facility of the Year by the National Waste & Recycling Association for its Otay Compost Facility in Chula Vista, California. This facility, the state's first fully solar-powered compost site, processes 200 tons of organic waste daily, transforming it into nutrient-rich compost and mulch. The facility's innovative technology includes remote operations and a focus on sustainability, aiding customers in achieving their environmental goals. Republic Services aims to increase material recovery by 40% by 2030.

Archaea Energy reported strong financial results for Q2 and the first half of 2022, with revenues of $77.2 million and net income of $32.6 million for Q2. For the six months, revenues reached $134.1 million but net income was slightly negative at $0.5 million. The company increased its full-year Adjusted EBITDA guidance to $132.5 million - $147.5 million and capital expenditures to $325 million - $365 million. Recent strategic moves include the acquisition of INGENCO and the formation of a joint venture with Republic Services, aiming to boost their renewable natural gas production.

Republic Services reported strong Q2 2022 results with a total revenue growth of 21.4%, driven by 11.1% organic growth and 10.3% from acquisitions, including US Ecology. Net income reached $371.9 million or $1.17 per diluted share, up from $331.1 million a year prior. Adjusted EPS increased 21.1% to $1.32. Cash flow from operations was $1,563 million for the first half, with a raised full-year EPS forecast of $4.77 to $4.80. The company also announced an 8% dividend increase, highlighting robust performance amidst cost inflation.

Republic Services (NYSE: RSG) has released its 2021 Sustainability Report, marking significant progress in its sustainability initiatives aimed at decarbonization and circularity. Key achievements include a 9% reduction in operational greenhouse gas emissions, nearing its 10% reduction target by 2025. The report also highlights the development of the nation's first integrated plastics recycling facility and a joint venture for 39 landfill renewable natural gas projects. These efforts underscore the company's commitment to sustainability while fostering growth and innovation.