2023-07-31 16:14:59 ET
- Republic Services press release ( NYSE: RSG ): Q2 GAAP EPS of $1.41 beats by $0.10 .
- Revenue of $3.73B (+9.4% Y/Y) beats by $10M .
- Expanded Net Income Margin 60 Basis Points and Adjusted EBITDA Margin 40 Basis Points
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The Company provided additional details as follows:
- Revenue: Republic expects revenue to be in the range of $14.775 billion to $14.850 billion. The Company expects growth from average yield on total revenue of approximately 6.0% and volume growth to be approximately 0.5%. Average yield on related business revenue is expected to be approximately 7.0%.
- Adjusted EBITDA: Republic expects adjusted EBITDA to be in the range of $4.340 billion to $4.360 billion.
- Adjusted Diluted Earnings per Share: The Company expects adjusted diluted earnings per share to be in the range of $5.33 to $5.38.
- Adjusted Free Cash Flow: Republic expects adjusted free cash flow to be in the range of $1.900 billion to $1.925 billion.
- Republic continues to increase cash returns to shareholders and previously announced that its Board of Directors approved a 4.0-cent increase in the quarterly dividend. The quarterly dividend of $0.535 per share for shareholders of record on October 2, 2023 will be paid on October 13, 2023.
For further details see:
Republic Services GAAP EPS of $1.41 beats by $0.10, revenue of $3.73B beats by $10M