earnings
confidence high
sentiment positive
materiality 0.85
Republic Services Q2 EPS $1.41 adj; raises full-year guidance; dividend up 8%
REPUBLIC SERVICES, INC.
2023-Q2 EPS reported
$2.56
revenue$8,468,500,000
- Q2 net income $427.4M ($1.35 EPS); adjusted EPS $1.41 vs $1.32 YoY.
- Total revenue grew 9.1% (organic 4.7%, acquisitions 4.4%); adjusted EBITDA margin 30.0%.
- Full-year guidance raised: diluted EPS $5.17-$5.22; adjusted EPS $5.33-$5.38.
- Quarterly dividend increased ~8%; year-to-date acquisitions $926.9M.
- Average recycled commodity price $119/ton, down $99 YoY; cash flow from ops $1,766M.