Republic Services Q3 adj EPS $1.54 beats; raises FY guidance; authorizes $3B buyback

REPUBLIC SERVICES, INC.

2023-Q3 EPS reported $4.07 revenue$12,882,700,000

Q3 net income $480.2M ($1.52 EPS), up from $416.9M ($1.32 EPS) YoY; adjusted EPS $1.54.
Revenue grew 6.3% (4.6% organic); core price on related business up 8.6%; adjusted EBITDA margin expanded 70 bps to 29.9%.
Full-year adjusted EPS guidance raised to $5.46-$5.49; diluted EPS guidance $5.30-$5.33.
Board authorized new $3B share repurchase program; YTD returned $670.6M to shareholders.
Invested $947.4M in acquisitions YTD; average recycled commodity price $112/ton, down $50 YoY.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

REPUBLIC SERVICES, INC. reported the three and nine months ended September 30, 2023 results: net income $480.2 million, or $1.52 per diluted share, EPS $1.52 per diluted share. Guidance reaffirmed.

Period: the three and nine months ended September 30, 2023
Net income: $480.2 million, or $1.52 per diluted share
EPS: $1.52 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

On October 26, 2023, Republic Services, Inc. (the Company) issued a press release containing information about the Company’s financial results for the three and nine months ended September 30, 2023.

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REPUBLIC SERVICES, INC. filing history →

Source: SEC EDGAR

accession 0001060391-23-000023

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