Republic Services Q1 2020 Earnings Report
Key Takeaways
Republic Services reported a solid start to the year despite the impact of the pandemic in March. Revenue and adjusted EBITDA both increased by 3.4 percent, and the underlying adjusted EBITDA margin expanded by 30 basis points. The company is suspending its full-year 2020 detailed financial guidance due to the uncertainty of COVID-19 pandemic. However, assuming the economy continues to recover, the company expects to generate over $1 billion of adjusted free cash flow in 2020.
EPS was $0.77 per share, with adjusted EPS also at $0.77 per share, a 5 percent increase over the prior year.
Cash provided by operating activities was $570 million, a 3 percent increase versus the prior year.
Cash flow invested in acquisitions was $63 million, with the annual revenue acquired approximately $30 million.
Adjusted EBITDA was $723 million and adjusted EBITDA margin was 28.3 percent of revenue, consistent with the prior year.
Republic Services
Republic Services
Republic Services Revenue by Segment
Forward Guidance
The Company is suspending its full-year 2020 detailed financial guidance. Assuming the economy continues to recover, we expect to generate over $1 billion of adjusted free cash flow in 2020.
Revenue & Expenses
Visualization of income flow from segment revenue to net income