Republic Services (NYSE:RSG) Revamps Underwriting Team For US$498 Million Fixed-Income Offering

Simply Wall St.
03-19

Republic Services experienced a 15% price increase over the last quarter, a move that coincided with key corporate developments and market dynamics. Notably, changes in the lead underwriter team for its $498 million fixed-income offering signal adjustments in its financing approach. Additionally, the company's solid financial performance, as evidenced by its Q4 2024 results showing increases in both sales and net income, likely reinforced investor confidence. The declaration of a quarterly dividend at $0.58 per share and ongoing share buyback activities further supported the stock. While the broader market faced turbulence, with major indexes like the S&P 500 and Nasdaq down, Republic Services' performance appears relatively insulated, reflecting investor focus on its robust fundamentals and growth prospects. As the company aligns its financial strategies with market conditions, these factors collectively contributed to the notable share price movement during the period.

Gain insights into Republic Services' historical outcomes by reviewing our past performance report.

NYSE:RSG Earnings Per Share Growth as at Mar 2025

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The past five years have been exemplary for Republic Services, with total shareholder returns reaching 283.19%. This impressive growth trajectory stands out, particularly as the company's performance outpaced the broader US market over the last year. Contributing to this positive journey is the consistent improvement in earnings, averaging an annual growth of 14.9% over five years. Additionally, Republic Services strategically expanded its operations, notably the partnership with Ameresco to convert landfill gas into renewable natural gas.

Moreover, Republic's aggressive share buyback program, which saw the repurchase of over 81 million shares, has returned considerable value to shareholders. The launch of the electric truck fleet initiative with the City of Louisville highlighted Republic’s commitment to sustainable practices, aligning with evolving market demands. These initiatives, coupled with disciplined acquisitions targeting US$500 million for growth, have solidified Republic Services' position in the commercial services industry, driving sustained long-term investor interest.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include NYSE:RSG.

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