Republic Services (RSG)
NYSE:RSG
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Earnings Data
Report Date
Aug 05, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.84Last Year’s EPS
1.77Same Quarter Last Year
Moderate Buy
Based on 18 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
Republic Services reported a solid quarter with revenue up 2.6%, adjusted EBITDA and margins expanding, and materially stronger free cash flow (+>35%). Management highlighted durable pricing execution, strong customer retention (94%), advancing digital/AI and sustainability initiatives (polymer centers, RNG, EV deployment) and an active M&A program. Key near-term challenges include volume declines (notably residential down 5.2%), lower recycled commodity prices (from $155 to $120/ton), diesel-driven fuel cost pressure (≈$8M EBITDA headwind) and a year-over-year revenue decline in Environmental Solutions (‑$44M) partly due to a non-repeat event. Management expects fuel recovery to begin offsetting higher fuel costs in Q2 and anticipates ES and other volumes to improve in the second half. On balance, the call emphasized operational discipline, cash generation and clear multi-year growth levers while acknowledging manageable near-term headwinds.Company Guidance
Revenue and Earnings Growth
Revenue grew 2.6% year-over-year; adjusted EBITDA increased 4.3%; adjusted EPS of $1.70 for Q1 2026.
Margin Expansion and Profitability
Total company adjusted EBITDA margin expanded 50 basis points to 32.1%, driven by 90 basis points of underlying margin expansion and a 20 basis point benefit from nonrecurring items.
Strong Free Cash Flow and Capital Allocation
Adjusted free cash flow of $984 million in Q1, an increase of more than 35% year-over-year; returned $507 million to shareholders in the quarter, including $314 million in share repurchases.
Pricing Execution and Yield Performance
Core price on total revenue was 5.7%; core price on related revenue was 6.8% (open market pricing 8.4%, restricted 4.4%); average yield on related revenue 4.1% and average yield on total revenue 3.4%.
Customer Retention and Satisfaction
Customer retention rate remained high at 94% with a strong Net Promoter Score, supporting stable recurring revenue despite volume headwinds.
Digital and AI Investment Roadmap
Ongoing investments in AI/digital (RISE platform, pricing, routing, call-center tools) targeted to deliver at least $100 million of annual benefit by 2028; pricing-related AI expected to deliver visible benefits beginning in 2026 and scaling in 2027–2028.
Sustainability & Operational Execution
Polymer center production volumes increased; RNG projects expanded (9 projects brought online in 2025; expect 4 additional RNG projects in 2026 to reach a total portfolio of 82); more than 200 electric collection vehicles in operation at quarter end with >300 expected by year-end.
Strategic M&A Activity
Invested more than $700 million in value-creating acquisitions to date (including $433 million in Q1); management expects to exceed $1 billion of acquisition investment in 2026, supporting growth in recycling, waste and environmental solutions.
RSG Earnings History
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 |
|---|---|---|---|
May 07, 2026 | $201.55 | $200.02 | -0.76% |
Feb 17, 2026 | $220.56 | $216.22 | -1.97% |
Oct 30, 2025 | $208.71 | $207.04 | -0.80% |
Jul 29, 2025 | $243.92 | $229.72 | -5.82% |
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.
FAQ
When does Republic Services (RSG) report earnings?
Republic Services (RSG) is schdueled to report earning on Aug 05, 2026, After Close (Confirmed).
What is Republic Services (RSG) earnings time?
Republic Services (RSG) earnings time is at Aug 05, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RSG EPS forecast?
RSG EPS forecast for the fiscal quarter 2026 (Q2) is 1.84.
