Republic Services Q1 2021 Earnings Report
Key Takeaways
Republic Services reported strong first-quarter results, driven by a resilient business model and improving market conditions. The company achieved a 24% increase in adjusted earnings per share and expanded adjusted EBITDA margin by 270 basis points. As a result, Republic Services raised its full-year adjusted earnings and free cash flow guidance.
EPS was $0.93 per share, and adjusted EPS was $0.93 per share, an increase of 24 percent over the prior year.
Cash provided by operating activities was $661.0 million, an increase of 11 percent versus the prior year; adjusted free cash flow was $464.2 million, an increase of 62 percent versus the prior year.
Adjusted EBITDA margin expanded 270 basis points to 30.7 percent.
Core price increased revenue by 4.3 percent, consisting of 5.2 percent in the open market and 2.8 percent in the restricted portion of the business.
Republic Services
Republic Services
Republic Services Revenue by Segment
Forward Guidance
Republic Services raised its full-year adjusted diluted EPS guidance to $3.74 to $3.79 and its full-year adjusted free cash flow guidance to $1,350 million to $1,400 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income