earnings
confidence high
sentiment positive
materiality 0.75
Republic Services Q4 adjusted EPS $1.41; FY2024 guidance $5.94-$6.00
REPUBLIC SERVICES, INC.
2023-FY EPS reported
$5.47
revenue$17,278,700,000
- Q4 GAAP EPS $1.39 (up 27.5% YoY); adjusted EPS $1.41 (up 24.8% YoY).
- Q4 revenue +8.6% (organic 5.7%, acquisitions 2.9%); core price on total revenue +7.2%.
- FY2023 revenue +10.8%, net income margin 11.6%, adjusted EBITDA margin 29.7% (+60 bps).
- FY2024 guidance: diluted EPS $5.86-$5.92, adjusted $5.94-$6.00; free cash flow $2.1B-$2.15B.
- Invested $1.8B in acquisitions in 2023; returned $900M to shareholders via dividends and buybacks.