Republic Services (RSG) Tops Q2 EPS by 9c, raised Fy23 Guidance

Republic Services (NYSE: RSG) reported Q2 EPS of $1.41, $0.09 better than the analyst estimate of $1.32. Revenue for the quarter came in at $3.73 billion versus the consensus estimate of $3.73 billion.

The Company provided additional details as follows:

Revenue: Republic expects revenue to be in the range of $14.775 billion to $14.850 billion. The Company expects growth from average yield on total revenue of approximately 6.0% and volume growth to be approximately 0.5%. Average yield on related business revenue is expected to be approximately 7.0%.
Adjusted EBITDA: Republic expects adjusted EBITDA to be in the range of $4.340 billion to $4.360 billion.
Adjusted Diluted Earnings per Share: The Company expects adjusted diluted earnings per share to be in the range of $5.33 to $5.38.
Adjusted Free Cash Flow: Republic expects adjusted free cash flow to be in the range of $1.900 billion to $1.925 billion.

For earnings history and earnings-related data on Republic Services (RSG) click here.

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