earnings
confidence high
sentiment positive
materiality 0.85
Republic Services Q2 revenue +21%, adj EPS $1.32 (+21% YoY); raises FY guidance, hikes dividend 8%
REPUBLIC SERVICES, INC.
2022-Q2 EPS reported
$2.28
revenue$7,423,400,000
- Q2 total revenue grew 21.4% (organic 11.1%, acquisitions 10.3%); GAAP EPS $1.17, adj. EPS $1.32 (+21% YoY).
- Adj. EBITDA $1.0B, margin 29.6%; H1 cash from ops $1,563M, adj. free cash flow $1,152M (+14% YoY).
- Raised FY 2022 adj. EPS guidance to $4.77-$4.80; adj. free cash flow guidance to $1,700-$1,725M.
- Increased quarterly dividend by approx. 8% (amount not specified in release).
- Completed acquisition of US Ecology on May 2, 2022 for $2.2B in cash.