Republic Services Q2 2025 Results – Summary

• Revenue: Up 4.6% (3.1% organic, 1.5% from acquisitions)
• Net Income: $550 million (13.0% margin)
• EPS: $1.75 (up 8% YoY)
• Adjusted EPS: $1.77 (up 9.9% YoY)
• Adjusted EBITDA: $1.36 billion (margin: 32.1%, up 100 bps YoY)
• YTD Cash Flow from Ops: $2.13 billion
• YTD Adjusted Free Cash Flow: $1.42 billion
• Acquisition Investment YTD: $888 million
• Dividend: Raised ~8% to $0.625/share
Full-Year 2025 Guidance:
• Revenue: $16.675B–$16.750B
• Adj. EBITDA: $5.275B–$5.325B
• Adj. EPS: $6.82–$6.90
• Adj. Free Cash Flow: $2.375B–$2.415B

CEO Jon Vander Ark emphasized strong EBITDA growth, margin expansion, and continued investment in capabilities and sustainability.