Republic Services ( (RSG) ) has released its Q4 earnings. Here is a breakdown of the information Republic Services presented to its investors.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Republic Services, Inc. is a prominent player in the environmental services industry, offering comprehensive recycling, solid waste, and hazardous waste services, with a focus on sustainability and decarbonization.
In its latest earnings report for 2024, Republic Services surpassed expectations with strong financial performance, highlighted by a 5.6% revenue growth in the fourth quarter and impressive gains in earnings and margins. This performance was driven by strategic investments and effective execution of its growth strategy.
The company reported a net income of $512 million for the fourth quarter, with earnings per share rising to $1.63. Adjusted EBITDA for the quarter stood at $1.25 billion, reflecting a margin improvement. For the full year, revenue growth was 7.1%, and adjusted free cash flow reached $2.18 billion, marking a 10% increase. Key strategic moves included completing renewable natural gas projects and acquiring post-collection businesses.
Looking ahead, Republic Services remains optimistic about 2025, expecting continued revenue growth driven by organic expansion and acquisitions. The company plans further investments in sustainability and innovation to maintain its competitive edge and deliver value to shareholders.
