• Mon. Sep 20th, 2021

Report to rapidline investors: Republic Services, Inc. (NYSE: RSG)

On 13 March 2020, Republic Services, Inc. stock identified change of 11.62% away from 52-week low price and recently located move of -15.79% off 52-week high price. It has market worth of $31096.73M and dividend yield of 1.91%. RSG stock has been recorded -9.90% away from 50 day moving average and -4.68% away from 200 day moving average. Moving closer, we can see that shares have been trading -10.61% off 20-day moving average.

Republic Services, Inc. (RSG) recently stated net income of $289.3M, or $0.90 per diluted share, for the three months ended December 31, 2019, versus $301.0M, or $0.92 per diluted share, for the comparable 2018 period. Not Including certain benefits and expenses, on an adjusted basis, net income for the three months ended December 31, 2019, was $291.7M, or $0.91 per diluted share, versus $260.0M , or $0.80 per diluted share, for the comparable 2018 period.

For the year ended December 31, 2019, net income was $1,073.3M, or $3.33 per diluted share, versus $1,036.9M , or $3.16 per diluted share, for the comparable 2018 period. On an adjusted basis, net income for the year ended December 31, 2019, was $1,075.1M, or $3.34 per diluted share, versus $1,014.9M , or $3.09 per diluted share, for the comparable 2018 period.

Fourth Quarter and Full-Year Highlights:

Fourth quarter EPS was $0.90 per share, and adjusted EPS, a non-GAAP measure, was $0.91 per share, a raise of 14 percent over the previousyear.

Full-year EPS was $3.33 per share, and adjusted EPS was $3.34 per share, a raise of 8 percent over the previousyear. Adjusted EPS exceeded the Company’s upwardly revised full-year guidance range.

Full-year cash provided by operating activities was $2.4B and adjusted free cash flow was $1.2B. Adjusted free cash flow exceeded the Company’s full-year guidance range.

Cash flow invested in acquisitions was $526M, or $463M net of divestitures. The year-to-date yearly revenue purchased, net of divestitures, was about $181M.

Full-year cash returned to shareholders through dividends and share repurchases was $891M and total shareholder return was 27 percent.

Full-year core price increased revenue by 4.7 percent. Core price consisted of 5.7 percent in the open market and 3.2 percent in the restricted portion of the business. This is the highest level of core price the Company has achieved in over a decade.

Full-year revenue growth from average yield was 2.8 percent, driven by small-container yield of 3.9 percent and landfill municipal solid waste of 3.3 percent.

Full-year adjusted EBITDA, a non-GAAP measure, was $2.9B and adjusted EBITDA margin was 28.3 percent, a raise of 30 basis points over the previousyear. Underlying margin expanded 70 basis points after normalizing for the 40-basis point headwind from lower recycled commodity prices.

Republic continued to convert CPI-based contracts to more favorable pricing mechanisms for the yearly price adjustment. The Company now has about $780M in yearly revenue, or 31 percent of its legacy $2.5B CPI-based book of business, tied to the water-sewer-trash index or a fixed-rate increase of 3 percent or greater.

The Company continued to reprice and de-risk its recycling collection and processing businesses. Through the end of the year, the Company repriced about 36 percent of its recycling collection contracts and 55 percent of its contracted recycling processing volume. The Company also implemented a recycling processing charge to its open market consumers. As a result, the Company’s earnings sensitivity to changes in recycled commodity prices is predictable to decrease in 2020.

The Company was named to the prestigious CDP Climate “A List” for its science-based goals, strategies and actions to lower greenhouse gas emissions and mitigate climate risks.

The Industrial Goods sector company, Republic Services, Inc. noticed change of 6.77% to $84.98 along volume of 2672452 shares in recent session compared to an average volume of 1299.28K. RSG’s shares are at -4.33% for the quarter and driving a 7.67% return over the course of the past year and is now at -5.19% since this point in 2018.

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