On February 13, 2025, Republic Services Inc (RSG, Financial) released its 8-K filing detailing its financial performance for the fourth quarter and full-year 2024. The company, a leading provider of solid waste services in the United States, reported significant growth in revenue and earnings, surpassing analyst estimates.
Republic Services Inc (RSG, Financial) is the second-largest integrated provider of traditional solid waste services in the United States, operating approximately 207 active landfills and 246 transfer stations. The company serves residential, commercial, and industrial markets and has a substantial recycling operation in North America.
Republic Services Inc (RSG, Financial) reported a 5.6% increase in total revenue for the fourth quarter, driven by 4.3% organic growth and 1.3% growth from acquisitions. The company's earnings per share (EPS) for the quarter was $1.63, exceeding the analyst estimate of $1.36. Adjusted EPS was $1.58, reflecting a 12.1% increase over the prior year. Despite the positive results, the company faces challenges such as volume decreases, which reduced revenue by 1.2% in the fourth quarter.
Republic Services Inc (RSG, Financial) achieved several financial milestones in 2024, including a 7.1% increase in total revenue and a 15.2% rise in adjusted EPS to $6.46. The company's adjusted EBITDA margin expanded by 140 basis points to 31.1%, highlighting its operational efficiency. These achievements are crucial for maintaining competitiveness in the waste management industry, where cost control and efficiency are key drivers of profitability.
The company's net income for the fourth quarter was $512 million, with a net income margin of 12.7%. For the full year, net income reached $2.04 billion. Republic Services Inc (RSG, Financial) generated $3.94 billion in cash flow from operations and $2.18 billion in adjusted free cash flow, underscoring its strong cash generation capabilities.
| Metric | Q4 2024 | Full-Year 2024 |
|---|---|---|
| Total Revenue | $4,046 million | $16,032 million |
| Net Income | $512 million | $2.04 billion |
| EPS | $1.63 | $6.49 |
| Adjusted EPS | $1.58 | $6.46 |
| Adjusted EBITDA | $1.25 billion | $4.98 billion |
Republic Services Inc (RSG, Financial) has demonstrated robust financial performance, driven by strategic investments and operational efficiencies. The company's ability to exceed expectations in EBITDA, earnings, and free cash flow positions it well for future growth. Looking ahead, Republic Services Inc (RSG) expects to continue its momentum in 2025, with projected revenue between $16.850 billion and $16.950 billion and adjusted EPS ranging from $6.82 to $6.90.
“We delivered another strong year of results in 2024, made possible by effectively executing our strategy designed to meet the needs of our customers and profitably grow the business,” said Jon Vander Ark, president and chief executive officer.
Republic Services Inc (RSG, Financial)'s commitment to sustainability and innovation, along with its strategic acquisitions, will likely support its long-term value creation and competitive positioning in the waste management industry.
Explore the complete 8-K earnings release (here) from Republic Services Inc for further details.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.