Republic Services (NYSE: RSG) reported Q4 EPS of $1.00, $0.19 better than the analyst estimate of $0.81. Revenue for the quarter came in at $2.57 billion versus the consensus estimate of $2.57 billion.

"Last year proved the resiliency of our business model and power of our portfolio. In the face of adversity, the Republic Services team remained focused on our priorities — putting our people first, keeping our facilities running smoothly and taking care of our customers," said Donald W. Slager, chief executive officer. "Republic again proved its strength, resolve and ability to persevere through a challenging environment. As a result, we outperformed our adjusted earnings and free cash flow targets and created sustainable value for our shareholders."

GUIDANCE:

Republic Services sees FY2021 EPS of $3.65-$3.73, versus the consensus of $3.70.

Republic's financial guidance is based on current economic conditions and does not assume any significant changes in the overall economy in 2021. Please refer to the Information Regarding Forward-Looking Statements section of this document.

Full-year 2021 financial guidance is as follows:

• Adjusted Diluted Earnings per Share: The Company expects adjusted diluted earnings per share to be in the range of $3.65 to $3.73. Detail relating to the computation of adjusted diluted earnings per share is contained in the Reconciliation of 2021 Financial Guidance section of this document.
• Adjusted Free Cash Flow: Republic expects adjusted free cash flow to be in the range of $1,300 million to $1,375 million. Detail relating to the computation of adjusted free cash flow is contained in the Reconciliation of 2021 Financial Guidance section of this document.
• Revenue: Republic expects an increase in average yield of approximately 2.5% and volume growth to be in the range of 1.5% to 2.0%.
• Adjusted EBITDA Margin: Republic expects adjusted EBITDA margin of approximately 29.5%.
• Acquisitions & Investments: Republic expects to invest approximately $600 million in acquisitions and $125 million in solar energy investments that qualify for tax credits.

"We expect to achieve the highest levels of adjusted earnings and free cash flow in the Company's history in 2021," added Mr. Slager. "We feel confident about our ability to deliver these strong results because of the firm foundation in place, the broad capabilities that have been developed and the positive momentum in the business heading into the new year."

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