earnings
confidence high
sentiment positive
materiality 0.80
Q2 EPS $1.62 (adj. $1.61), revenue +8.6%; raises FY guidance, dividend to $0.580
REPUBLIC SERVICES, INC.
2024-Q2 EPS reported
$3.06
revenue$9,102,500,000
- Q2 net income $511.5M ($1.62 diluted EPS), up from $427.4M ($1.35) YoY; adj. EPS $1.61.
- Total revenue grew 8.6% (organic 5.6%, acquisitions 3.0%); core price up 6.8%.
- Adjusted EBITDA $1,257.8M, margin 31.1%, up 110 bps YoY.
- Raised FY2024 guidance: adj. diluted EPS $6.15-$6.20; adj. free cash flow $2.15B-$2.17B.
- Quarterly dividend increased 4.5 cents to $0.580, payable Oct 15, 2024 to holders of record Oct 2.