Republic Services Q2 2020 Earnings Report
Key Takeaways
Republic Services, Inc. reported net income of $225.5 million, or $0.71 per diluted share, for the three months ended June 30, 2020, versus $251.5 million, or $0.78 per diluted share, for the comparable 2019 period. Excluding certain gains and expenses, on an adjusted basis, net income for the three months ended June 30, 2020 was $258.2 million, or $0.81 per diluted share, versus $254.1 million, or $0.79 per diluted share, for the comparable 2019 period.
Second quarter EPS was $0.71 per share; adjusted EPS was $0.81 per share, an increase of approximately 3 percent over the prior year.
Second quarter core price increased revenue by 4.7 percent, which consisted of 5.5 percent in the open market and 3.4 percent in the restricted portion of the business.
Second quarter average yield was 2.5 percent.
Second quarter adjusted EBITDA margin was 29.6 percent of revenue and increased 170 basis points over the prior year.
Republic Services
Republic Services
Republic Services Revenue by Segment
Forward Guidance
Republic reinstated its full-year 2020 adjusted free cash flow guidance. It expects to generate $1.1 billion to $1.175 billion of adjusted free cash flow for the full year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income