Republic Services (NYSE: RSG) reported Q1 EPS of $0.74, $0.06 better than the analyst estimate of $0.68. Revenue for the quarter came in at $2.43 billion versus the consensus estimate of $2.41 billion.

First-Quarter Highlights:

• EPS was $0.72 per share. Adjusted EPS, a non-GAAP measure, was $0.74 per share, an increase of 35 percent over the prior year.
• Cash provided by operating activities was $581.4 million and adjusted free cash flow, a non-GAAP measure, was $355.7 million, an increase of approximately 48 percent over the prior year. Adjusted free cash flow per share increased 52 percent over the prior year.
• Total cash returned to shareholders through dividends and share repurchases was $350 million.
• Total revenue increased 5.6 percent over the prior year, excluding the impact of the new revenue standard.
• Revenue growth from average yield was 2.2 percent and volume increased 2.0 percent.
• Core price increased revenues by 3.8 percent, which consisted of 4.6 percent in the open market and 2.5 percent in the restricted portion of the business.
• Adjusted EBITDA was $699.4 million, an increase of approximately 7 percent over the prior year. Adjusted EBITDA margin was 28.8 percent of revenue, an increase of 140 basis points over the prior year. Excluding the impact of the new revenue standard, adjusted EBITDA margin increased 30 basis points over the prior year.
• SG&A expenses as a percentage of revenue decreased by 20 basis points over the prior year, excluding the impact of the new revenue standard.
• The Company invested $26 million in tuck-in acquisitions during the quarter ended March 31, 2018.
• Republic continued to convert CPI-based contracts to more favorable pricing mechanisms for the annual price adjustment. The Company now has approximately $570 million in annual revenue tied to either a waste-related index or a fixed-rate increase of 3 percent or greater.
• Republic was named to the elite 2018 World\'s Most Ethical Companies List by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices.
• The Company was recognized on the first annual Barron\'s 100 Most Sustainable Companies list.

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