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Mar 31, 2022
Republic Services Q1 2022 Earnings Report
Republic Services reported strong first quarter results driven by strategic execution and investments.
Key Takeaways
Republic Services reported a strong start to the year with double-digit growth in revenue, EBITDA, and free cash flow. The company's strategic investments in environmental solutions and differentiated capabilities drove the positive results.
EPS was $1.11 per share, and adjusted EPS was $1.14 per share.
Cash provided by operating activities was $705.6 million, an increase of 6.7 percent versus the prior year; adjusted free cash flow was $530.9 million, an increase of 14.4 percent versus the prior year.
Net income was $352.0 million, or 11.9 percent of revenue.
Adjusted EBITDA was $903.5 million and adjusted EBITDA margin was 30.4 percent of revenue.
Republic Services
Republic Services
Republic Services Revenue by Segment
Revenue by Segment
Collection Revenue
CapyFin.comLandfill (net) Revenue
CapyFin.comEnvironmental Solutions Revenue
CapyFin.comRecycling & Other Revenue
CapyFin.com Forward Guidance
This press release contains forward-looking statements with risks and uncertainties.
Challenges Ahead
- our ability to effectively integrate and manage companies we acquire, including US Ecology, and to realize the anticipated benefits of any such acquisitions
- the effects of the COVID-19 pandemic and actions taken in response thereto
- acts of war, riots or terrorism, and the impact of these acts on economic, financial and social conditions in the United States
- our dependence on large, long-term collection, transfer and disposal contracts.
Revenue & Expenses
Visualization of income flow from segment revenue to net income