The earnings call highlighted strong financial performance with significant revenue and EBITDA growth, driven by successful digital and sustainability initiatives. However, challenges such as declining volumes in certain segments and lower recycling commodity prices were noted. Despite these challenges, the company's outlook remains positive with continued investments in growth and sustainability.

Company Guidance

During the third quarter 2024 earnings call for Republic Services, the company reported strong financial performance with several key metrics. Revenue grew by 7%, adjusted EBITDA increased by 14%, and the adjusted EBITDA margin expanded by 210 basis points. The company achieved an adjusted earnings per share of $1.81 and generated $1.4 billion of adjusted free cash flow year-to-date. Republic Services also maintained a customer retention rate of over 94% and reported an average yield on total revenue of 4.6%. The company noted a decline of 1.2% in organic volume on total revenue, largely attributed to cyclical portions of the business, such as special waste and construction activity. They also highlighted ongoing digital and sustainability initiatives, including the deployment of a digital fleet management system called Empower, which is expected to deliver $20 million in annual cost savings once fully implemented, and investments in renewable natural gas and recycling technologies. Additionally, Republic Services has invested $104 million in strategic acquisitions year-to-date and returned $834 million to shareholders, incorporating $330 million in share repurchases. Looking forward, the company expects to achieve the high end of their full-year adjusted EBITDA guidance, despite trending towards the low end of revenue guidance due to cyclical volume softness.

Strong Revenue and EBITDA Growth

Achieved revenue growth of 7% and adjusted EBITDA growth of 14% for Q3 2024, with a 210 basis point expansion in adjusted EBITDA margin.

Digital and Sustainability Initiatives Success

Deployment of Empower system underway, expected to deliver $20 million annual cost savings. Innovative technology generated $60 million in incremental revenue.

Sustainability Investments

Advancements in renewable natural gas projects with two new projects online in Q3, and continued development of polymer centers.

Strong Customer Retention

Maintained a high customer retention rate of over 94% with strong pricing strategies.

Capital Returns to Shareholders

Returned $834 million to shareholders, including $330 million in share repurchases.

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Republic Services (RSG) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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RSG Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Jul 26, 2018	2018 (Q2)	- / 0.73	0.61	19.67% (+0.12)	―	―
Oct 25, 2018	2018 (Q3)	- / 0.82	0.67	22.39% (+0.15)	―	―
Feb 07, 2019	2018 (Q4)	- / 0.80	0.61	31.15% (+0.19)	―	―
Apr 25, 2019	2019 (Q1)	- / 0.73	0.74	-1.35% (-0.01)	―	―
Jul 25, 2019	2019 (Q2)	- / 0.79	0.73	8.22% (+0.06)	―	―
Oct 30, 2019	2019 (Q3)	- / 0.91	0.82	10.98% (+0.09)	―	―
Feb 13, 2020	2019 (Q4)	- / 0.91	0.8	13.75% (+0.11)	―	―
May 05, 2020	2020 (Q1)	- / 0.77	0.73	5.48% (+0.04)	―	―
Aug 06, 2020	2020 (Q2)	- / 0.81	0.79	2.53% (+0.02)	―	―
Nov 05, 2020	2020 (Q3)	- / 1.00	0.91	9.89% (+0.09)	―	―

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

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RSG Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 29, 2024	$203.72	$198.24	-2.69%
Jul 24, 2024	$198.52	$188.25	-5.17%
Apr 30, 2024	$190.07	$184.42	-2.97%
Feb 27, 2024	$182.44	$183.85	+0.77%

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.

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