Strong Revenue and Earnings Growth
Republic Services achieved revenue growth of 4% and adjusted EBITDA growth of 9%. Adjusted earnings per share were $1.58, and adjusted free cash flow was $727 million, an increase of 36% compared to the prior year.
Margin Expansion
The company expanded its adjusted EBITDA margin by 140 basis points to 31.6%, driven by pricing ahead of inflation and cost management.
Sustainability and Innovation Initiatives
Republic Services made significant strides in sustainability with the grand opening of the Indianapolis Polymer Center and advancements in its Blue Polymers joint venture. The company is also progressing in renewable natural gas projects and fleet electrification.
Strong Customer Retention and Pricing
Customer retention rates remained strong at over 94%, and the company saw favorable trends in net promoter scores. Average yield on total revenue was 4.5%, with related revenue yield at 5.4%.
Strategic Acquisitions
Republic Services invested $826 million in strategic acquisitions, including the acquisition of Shamrock Environmental, enhancing capabilities in industrial waste and wastewater treatment services.