Republic Services Q2 2021 Earnings Report
Key Takeaways
Republic Services reported a strong second quarter with a 15% increase in top-line revenue, a 36% increase in adjusted earnings per share, and a 110 basis point expansion of adjusted EBITDA margin. The company raised its full-year financial guidance for the second time this year.
Second quarter EPS was $1.03 per share, and adjusted EPS was $1.09 per share, a 36% increase over the prior year.
Year-to-date cash provided by operating activities was $1.5 billion, an 11% increase versus the prior year; adjusted free cash flow was $1.0 billion, a 38% increase versus the prior year.
Second quarter core price increased revenue by 5.2 percent, consisting of 6.5 percent in the open market and 3.0 percent in the restricted portion of the business.
Second quarter adjusted EBITDA margin was 30.6 percent of revenue, an increase of 110 basis points from the prior year.
Republic Services
Republic Services
Republic Services Revenue by Segment
Forward Guidance
Republic raised its full-year adjusted diluted EPS guidance to $4.00 to $4.05 and its full-year adjusted free cash flow guidance to $1,450 million to $1,475 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income