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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
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
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