Cigna earnings beat by $0.04, revenue topped estimates
PHOENIX - Republic Services, Inc. (NYSE:RSG) reported fourth quarter earnings that surpassed analyst expectations, sending shares up 1.5% in after-hours trading on Thursday.
The waste management company posted adjusted earnings per share of $1.58 for the quarter, beating the consensus estimate of $1.41 by $0.17. Revenue came in at $4.05 billion, slightly below analyst projections of $4.08 billion but up 5.6% YoY.
"We delivered another strong year of results in 2024, made possible by effectively executing our strategy designed to meet the needs of our customers and profitably grow the business," said Jon Vander Ark, president and CEO of Republic Services.
For the full year 2024, Republic Services generated adjusted free cash flow of $2.18 billion, up 10% from the previous year. The company returned $1.18 billion to shareholders through dividends and share repurchases in 2024.
Looking ahead, Republic Services provided 2025 guidance that was largely in line with Wall Street forecasts. The company expects full-year 2025 adjusted earnings per share between $6.82 and $6.90, compared to the consensus estimate of $6.79. Revenue is projected to be in the range of $16.85 billion to $16.95 billion.
The solid quarterly results and upbeat outlook reflect Republic Services' ability to drive profitable growth despite economic headwinds. The company's focus on pricing initiatives and productivity enhancements appears to be paying off, as evidenced by the 110 basis point expansion in Q4 adjusted EBITDA margin to 31%.
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