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Sep 30, 2021
Republic Services Q3 2021 Earnings Report
Republic Services reported an increase in revenue and earnings per share for the third quarter of 2021, driven by organic growth and acquisitions.
Key Takeaways
Republic Services reported strong third-quarter results, with revenue growth of approximately 14 percent. EPS was $1.10, and adjusted EPS increased by 11 percent to $1.11. The company raised its full-year financial guidance, reflecting confidence in its continued performance.
Third quarter EPS was $1.10 per share, and adjusted EPS was $1.11 per share, an increase of 11 percent over the prior year.
Year-to-date cash provided by operating activities was $2.1 billion, an increase of 12 percent versus the prior year. Adjusted free cash flow was $1.4 billion, an increase of 22 percent versus the prior year.
Third quarter core price increased revenue by 5.2 percent, with 6.5 percent in the open market and 2.9 percent in the restricted portion of the business.
Third quarter adjusted EBITDA margin was 30.4 percent of revenue, a 10 basis point increase over the prior year.
Revenue by Segment
Forward Guidance
Republic raised its full-year adjusted diluted EPS guidance to $4.10 to $4.13 and its full-year adjusted free cash flow guidance to $1,475 million to $1,500 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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