The earnings call reflects a strong financial and operational performance for Republic Services in 2024, with notable achievements in revenue growth, customer retention, and sustainability initiatives. However, challenges remain with respect to volume declines in certain segments and potential headwinds from commodity prices.

Company Guidance

In the Republic Services fourth quarter and full-year 2024 investor conference call, the company exceeded its financial guidance by achieving a 7% revenue growth, a 12% increase in adjusted EBITDA, and expanding the adjusted EBITDA margin by 140 basis points. They delivered an adjusted earnings per share (EPS) of $6.46 and generated $2.18 billion in adjusted free cash flow. For 2025, Republic Services projects revenue between $16.85 billion and $16.95 billion, adjusted EBITDA in the range of $5.275 billion to $5.325 billion, and adjusted EPS between $6.82 and $6.90. The company also anticipates adjusted free cash flow between $2.32 billion and $2.36 billion, and plans to invest at least $1 billion in acquisitions. Key metrics included a strong customer retention rate over 94%, while the fourth-quarter organic revenue growth was bolstered by a 4.4% average yield on total revenue and a 5.3% average yield on related revenue, despite a 1.2% decline in organic volume. The company continues to advance its sustainability initiatives with investments in polymer centers and renewable natural gas projects, while also making strides in fleet electrification.

Strong Financial Performance

Republic Services achieved revenue growth of 7%, adjusted EBITDA growth of 12%, and expanded adjusted EBITDA margin by 140 basis points in 2024. Adjusted earnings per share stood at $6.46 with $2.18 billion of adjusted free cash flow.

Customer Retention and Satisfaction

The company maintained a strong customer retention rate of more than 94% and saw favorable trends in net promoter scores due to high-quality service delivery.

Technological Advancements

The implementation of EMPower, a new fleet and equipment management system, is expected to deliver $20 million in annual cost savings. Digital platforms like RISE have already generated $60 million in incremental revenue.

Sustainability Initiatives

The company’s investments in plastic circularity and renewable natural gas are progressing well, with several projects coming online and contributing to long-term value creation.

Successful Capital Allocation

In 2024, Republic Services invested $358 million in strategic acquisitions and returned $1.18 billion to shareholders, including $490 million through share repurchases.

---

Republic Services (RSG) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

RSG Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 30, 2025	2025 (Q1)	1.55 / -	1.45	―	―	―
Feb 13, 2025	2024 (Q4)	1.40 / 1.58	1.41	12.06% (+0.17)	―
Oct 29, 2024	2024 (Q3)	1.61 / 1.81	1.54	17.53% (+0.27)	―
Jul 24, 2024	2024 (Q2)	1.56 / 1.61	1.41	14.18% (+0.20)	―
Apr 30, 2024	2024 (Q1)	1.35 / 1.45	1.24	16.94% (+0.21)	―
Feb 27, 2024	2023 (Q4)	1.29 / 1.41	1.13	24.78% (+0.28)	―
Oct 26, 2023	2023 (Q3)	1.43 / 1.54	1.34	14.93% (+0.20)	―
Jul 31, 2023	2023 (Q2)	1.32 / 1.41	1.32	6.82% (+0.09)	―
Apr 27, 2023	2023 (Q1)	1.13 / 1.24	1.14	8.77% (+0.10)	―
Feb 15, 2023	2022 (Q4)	1.02 / 1.13	1.02	10.78% (+0.11)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

---

RSG Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 13, 2025	$224.49	$231.37	+3.06%
Oct 29, 2024	$203.72	$198.24	-2.69%
Jul 24, 2024	$198.52	$188.25	-5.17%
Apr 30, 2024	$190.07	$184.42	-2.97%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

---