NYSE:RSG

Republic Services Stock Edges Lower Despite Higher 2026 Guidance and Solid Q2 Results

Republic Services (NYSE: RSG) shares are down about 0.3% in premarket trading Friday despite the waste-management company reporting higher second-quarter earnings and raising its full-year 2026 guidance.

Q2 net income increased to $566 million, or $1.84 per share, from $550 million and $1.75 a year earlier. Adjusted EPS rose 4.5% to $1.85, while total revenue increased 4.6%.

Pricing Supports Growth Despite Lower Volumes

Republic’s core pricing increased revenue by 5.3%, helping offset weaker volumes, which reduced revenue by 1.6%. Adjusted EBITDA reached $1.42 billion, with the adjusted EBITDA margin holding steady at 32.1%.

Cash generation also remained strong. Year-to-date adjusted free cash flow reached $1.58 billion, while Republic invested approximately $860 million in acquisitions during the first half of 2026.

Republic Raises 2026 Guidance

Management increased its full-year revenue forecast to $17.2 billion–$17.3 billion and adjusted EBITDA guidance to $5.525 billion–$5.550 billion. Adjusted free cash flow is now expected at $2.54 billion–$2.575 billion, while adjusted EPS is projected at $7.23–$7.28.

Republic also increased its quarterly dividend by approximately 7% to $0.67 per share.

The slight premarket decline despite the guidance increase may reflect some investor caution around declining volumes and relatively modest earnings growth. Overall, however, the report points to resilient pricing, strong cash generation and continued capital returns.
Republic Services Edges Lower After Hours as Steady Quarter Fails to Excite

Phoenix, May 7, 2026 — Shares in Republic Services slipped 0.72% in after-hours trading yesterday after the waste management giant reported a first quarter that was solid by virtually every measure, yet offered little in the way of surprise for a business investors have long valued for its predictability rather than its fireworks.

Net income grew to $525 million, or $1.70 per diluted share, up 7.6% from $1.58 a year ago. Adjusted EBITDA reached $1.32 billion with a margin of 32.1%, an expansion of 50 basis points year-over-year. Cash flow from operations was $1.23 billion and adjusted free cash flow came in at $984 million — both reflecting the durable, low-volatility cash generation that makes Republic a fixture in long-term portfolios.

Total revenue grew 2.6%, a modest top-line figure that reflects the nature of the business. Core pricing drove 5.7% revenue growth on total revenue and 6.8% on the core waste business, demonstrating that Republic continues to push price effectively in both open market and restricted contracts. Volume was a slight headwind, declining 0.8%, which is consistent with subdued industrial activity in parts of the economy. The environmental solutions business declined 1.3% organically, tempering overall growth, while acquisitions contributed 1.1%.

The company invested $433 million in acquisitions during the quarter and has deployed more than $700 million year to date, continuing its disciplined strategy of bolt-on growth in complementary waste and environmental services. Shareholders received $507 million in the quarter through $314 million of buybacks and $193 million in dividends.

One modest headwind worth noting was a $35 per ton decline in recycled commodity prices year-over-year, which weighed on the recycling segment. The board also declared a quarterly dividend of $0.625 per share payable in July.

The after-hours dip is consistent with a company that met expectations precisely — Republic Services is the kind of defensive compounder that rarely surprises, and the market rarely rewards it with after-hours enthusiasm when it delivers exactly what investors anticipated.
Republic Services and the San Pablo have launched California’s first fully electric residential recycling and waste collection fleet, marking a major step in emissions reduction and sustainable urban services. The fleet includes five electric trucks designed with zero tailpipe emissions and enhanced safety features such as 360-degree cameras and automated braking systems.

The initiative supports San Pablo’s climate goals, including reducing greenhouse gas emissions by 30% by 2035, while also improving air quality and lowering noise levels. Republic Services noted that the rollout aligns with its broader electrification strategy, with more than 200 electric collection vehicles already in operation across the United States.

Source: PR Newswire
Republic Services posts higher Q4 earnings, sets 2026 growth targets

Republic Services, Inc. reported fourth-quarter 2025 net income of $545 million, or $1.76 per diluted share, up from $512 million, or $1.63 per share, a year earlier. Adjusted EPS rose 11.4% year-over-year to $1.76, while adjusted EBITDA increased to $1.30 billion, with margin expanding 30 basis points to 31.3%.

For full-year 2025, net income reached $2.14 billion, or $6.85 per share, compared with $2.04 billion, or $6.49 per share, in 2024. Adjusted EPS climbed 8.7% to $7.02, and adjusted EBITDA rose to $5.31 billion, with margin improving 90 basis points to 32.0%. The company generated $4.30 billion in operating cash flow and $2.43 billion in adjusted free cash flow, exceeding its guidance.

Revenue grew 3.5% for the year, driven by pricing gains and acquisitions, partially offset by lower volumes and softer environmental solutions activity. Republic invested $1.1 billion in acquisitions and returned $1.6 billion to shareholders through dividends and share repurchases in 2025.

For 2026, the company expects revenue of $17.05 billion to $17.15 billion, adjusted EBITDA of $5.48 billion to $5.53 billion, adjusted EPS of $7.20 to $7.28, and adjusted free cash flow of $2.52 billion to $2.56 billion. Republic also plans to invest about $1 billion in acquisitions during the year.

The board declared a quarterly dividend of $0.625 per share, payable April 15, 2026.

Source: PR Newswire press release
Republic Services was named one of Fortune’s World’s Most Admired Companies for the fifth time, earning high rankings for social responsibility, innovation, quality of management, financial soundness, and long-term investment value. The recognition reflects consistent performance and growth, as well as the company’s focus on sustainability and ethical business practices.

Source: PR Newswire, January 26, 2026
Republic Services announced that its Las Vegas Polymer Center is producing recycled plastic flake (rPET) with a 54% lower carbon footprint than U.S. rPET alternatives and 82% lower than virgin PET, according to an independent product carbon footprint study. The facility’s patented, energy-efficient process and access to a cleaner regional power grid underpin the reduced emissions.

The bottle-grade rPET enables true bottle-to-bottle circularity, supports customers’ recycled content goals, and reduces Scope 3 emissions. Republic Services also recycles additional non-PET materials during processing, further enhancing circularity.

With Polymer Centers in Las Vegas and Indianapolis, and a third under construction in Pennsylvania, Republic Services expects each site to produce about 120 million pounds of bottle-grade recycled plastics annually, advancing its strategy to support decarbonization and a circular economy.
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.
**Republic Services Surpasses 2025 Emissions Target Early**

Republic Services announced a 20% reduction in greenhouse gas emissions from its 2017 baseline, doubling its 2025 interim goal. The update came with the release of the company’s 2024 Sustainability Report.

Key 2024 achievements:

* Launched 6 renewable natural gas projects
* Added 50 electric trucks to its fleet
* Installed 13,000 collision-avoidance systems
* Maintained 86% employee engagement score
* Positively impacted over 5 million people through community efforts

Republic received recognition from Barron’s, Fortune, Forbes, and Ethisphere for its sustainability and ethics leadership. Full reports are available at RepublicServices.com/sustainability/reporting.
Republic Services Delivers Solid Q1 2025 Results, Boosts Margins and Free Cash Flow

PHOENIX, Republic Services, Inc. (NYSE: RSG) reported a strong start to the year, posting $495 million in net income, or $1.58 per diluted share, for the first quarter ended March 31, 2025. The company’s adjusted EBITDA margin expanded by 140 basis points to 31.6%, reflecting disciplined cost management and strategic pricing.

First-quarter revenue rose 3.8% year-over-year to $4.01 billion, driven by 2.9% organic growth and $826 million in acquisitions. Despite a 1.2% decline in volume, Republic saw 4.5% growth in average yield and maintained EBITDA of $1.27 billion.

Operational highlights include:

Adjusted free cash flow of $727 million, up from $535 million a year earlier

$181 million returned via dividends and $45 million in share repurchases

Completion of a new renewable natural gas project

Inclusion in Barron’s 100 Most Sustainable Companies, Fortune’s Most Innovative Companies, and Ethisphere’s World’s Most Ethical Companies lists

Republic also declared a $0.58/share quarterly dividend, payable July 15, 2025, to shareholders of record on July 2, 2025.
Republic Services Launches Earth Month Challenge to Boost Plastic Bottle Recycling

Republic Services is encouraging consumers to recycle plastic water bottles as part of its Earth Month Challenge. Despite the fact that plastic water bottles can be recycled up to six times, only 33% of them are currently recycled in the U.S., meaning nearly 70% end up in landfills.

The company recycles approximately 300 million pounds of plastic annually and plans to invest $500 million in expanding its plastics recycling infrastructure. In 2024, Republic Services recycled over 2.5 billion plastic water bottles.

To raise awareness, the company emphasizes that recyclables should be empty, clean, and dry, with caps kept on. It will also join the Association of Plastic Recyclers in May for a nationwide open house event to show how recyclables are transformed into new products.
Video Thumbnail
05-12-26The Investor