earnings
confidence high
sentiment positive
materiality 0.80
Republic Services Q1 adj EPS $1.45 vs $1.24 YoY; revenue +7.8%, EBITDA margin 30.2%
REPUBLIC SERVICES, INC.
2024-Q1 EPS reported
$1.44
revenue$4,439,200,000
- Revenue growth 7.8% (organic 4.1%, acquisition 3.7%); core price +7.0% on total revenue.
- Adjusted EPS $1.45 (reported $1.44) vs $1.24 YoY; adjusted net income $458.1M.
- Adjusted EBITDA $1,164.5M; margin 30.2% (+120 bps); net income margin 11.8% (+110 bps).
- Cash from operations $812M; adjusted free cash flow $535M; dividend $0.535/sh payable July 15.
- Acquisitions $41M; recycled commodity price $153/ton (+$48 YoY); one RNG project commenced.