Republic Services
🇺🇸 NYSE:RSG
•
Dec 31, 2024
Republic Services Q4 2024 Earnings Report
Republic Services reported solid revenue growth and improved profitability in Q4 2024.
Key Takeaways
Republic Services saw a 5.6% increase in revenue, driven by strong pricing and strategic acquisitions. Net income and EPS grew significantly, supported by higher margins and cost efficiencies.
Revenue grew 5.6% YoY to $4,046,000,000, supported by pricing and acquisitions.
Net income increased by 16.4% YoY, reaching $512,000,000.
Adjusted EBITDA margin expanded by 110 basis points to 31.0%.
EPS rose 17.3% YoY to $1.63, with adjusted EPS at $1.58 (+12.1%).
Republic Services Revenue
Republic Services EPS
Republic Services Revenue by Segment
Forward Guidance
Republic Services expects continued revenue growth and profitability in 2025, driven by pricing, acquisitions, and operational efficiencies.
Positive Outlook
- Revenue expected to grow to $16,850,000,000 - $16,950,000,000 in 2025.
- Adjusted EBITDA projected to reach $5,275,000,000 - $5,325,000,000.
- Adjusted EPS guidance of $6.82 - $6.90 for FY 2025.
- Continued investment in sustainability and digital tools for efficiency.
- Approximately $1 billion planned for acquisitions to drive growth.
Challenges Ahead
- Volume growth remains a challenge, with a projected range of -0.25% to 0.25%.
- Cost inflation could impact margins despite pricing strategies.
- Higher interest expenses may affect net income growth.
- Potential macroeconomic headwinds could slow customer demand.
- Increased capital expenditures for sustainability initiatives may weigh on free cash flow.
Revenue & Expenses
Visualization of income flow from segment revenue to net income