The company reported quarterly revenue of $4.56 billion, comfortably exceeding the $4.42 billion consensus estimate from Wall Street. Adjusted earnings reached $1.94 per share, narrowly edging out the $1.93 forecast. Chief Executive Jon Vander Ark attributed the momentum to consistent growth trends and operational improvements within the company's environmental solutions division.
In section Market Quotes
Republic Services Lifts Annual Outlook Following Strong Third Quarter
Republic Services boosted its full-year revenue guidance to a range of $17.43 billion to $17.48 billion on Thursday, outpacing analyst projections. The upward revision follows a robust third quarter where the waste management firm saw its profits climb to $592 million, driven by strong performance across core environmental and recycling operations.
Revenue gains were broad-based, with the recycling and waste business contributing a 4.8% increase, supplemented by a 2.1% rise in environmental solutions and a 1.3% boost from acquisitions. Reflecting this performance, the company raised its adjusted EBITDA guidance to between $5.55 billion and $5.58 billion. Looking further ahead, the board authorized a $5 billion share repurchase program scheduled to run from 2027 through the end of 2029.
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