NEW YORK - Republic Services, Inc. (NYSE:RSG) reported first quarter earnings that beat analyst expectations, while revenue came in slightly below estimates. The waste management company’s stock was little changed in after-hours trading following the release.
Republic Services posted adjusted earnings per share of $1.58 for Q1 2025, surpassing the analyst consensus estimate of $1.56. Revenue for the quarter came in at $4.01 billion, falling short of the $4.08 billion analysts were expecting.
The company’s revenue grew 3.8% year-over-year, driven by a 4.5% increase in average yield. However, volume decreased by 1.2%, partially offsetting the pricing gains.
"We are off to a solid start to the year, and our business continues to perform well even with increased volatility in the broader economy," said Jon Vander Ark, president and CEO of Republic Services. "While topline results were impacted by sluggish cyclical volumes and challenging winter weather, we generated high single-digit growth in EBITDA and 140 basis points of adjusted EBITDA margin expansion by pricing ahead of cost inflation and effective cost management."
The company’s adjusted EBITDA margin expanded to 31.6% in Q1, up from 30.2% in the same period last year. Republic Services generated $727 million in adjusted free cash flow during the quarter.
Looking ahead, Republic Services maintained its full-year 2025 adjusted EPS guidance range of $6.23 to $6.38. The company continues to expect revenue growth between 3.75% to 5.25% for the year.
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