By Sabela Ojea
Republic Services logged higher revenue in the fourth quarter boosted by a 6.1% increase in the prices it charges its customers, and said it expects further hikes ahead.
The waste management company on Thursday posted a net income of $512 million, or $1.63 a share, compared with $440 million, or $1.39 a share, for the same period a year earlier.
Stripping out one-time items, the company's earnings per share came in at $1.58. Analysts polled by FactSet had forecast adjusted earnings of $1.40.
Revenue rose to $4.05 billion from $3.83 billion a year earlier. Wall Street had forecast quarterly revenue of $4.07 billion.
Chief Executive Jon Vander Ark said the company expects further price hikes in 2025 to offset inflation.
"We expect to deliver another strong year of profitable growth in 2025," Ark said, adding that Republic Services expects gains from acquisitions and digital investments in innovation.
Republic Services expects adjusted earnings per share of $6.82 to $6.90, and revenue of $16.85 billion to $16.95 billion this year. Wall Street anticipates adjusted earnings of $6.79 and revenue of $16.93 billion for 2025.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
February 13, 2025 17:49 ET (22:49 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。