NYSE$RSG
Republic Services Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Reported strong revenue growth driven by acquisitions and organic growth, with increased adjusted earnings per share.
Republic Services reported a strong third quarter with a 23% increase in total revenue, including approximately 12% growth from acquisitions. The company's EPS was $1.32, with an adjusted EPS of $1.34, a 20% increase over the prior year. They generated $2,383 million in cash flow from operations and $1,665 million in adjusted free cash flow year-to-date.
- Total revenue growth of 22.6 percent includes 10.2 percent of organic growth and 12.4 percent of growth from acquisitions.
- Third quarter revenue growth from average yield was 5.6 percent and volume increased revenue by 2.2 percent.
- Third quarter EPS was $1.32 per share, and adjusted EPS, a non-GAAP measure, was $1.34 per share. Adjusted EPS increased 19.6 percent over the prior year.
- Third quarter adjusted EBITDA was $1.1 billion and adjusted EBITDA margin was 29.2 percent of revenue.
Headline financials
Revenue & EPS history
Republic Services · Revenue · Quarterly
$4.15B
Revenue by segment
Republic Services · $3.24B total across 3 segments · Q3 2022
- Collection$2.43B+13.6%75.0%
- Landfill (net)$412M+10.8%12.7%
- Environmental Solutions (net)$397M+672.8%12.3%
Forward guidance
This press release contains certain forward-looking information about us that is intended to be covered by the safe harbor for “forward-looking statements” provided by the Private Securities Litigation Reform Act of 1995.
Tailwinds
- Information about our plans, strategies and prospects.
- Words such as “guidance,” “expect,” “will,” “may,” “anticipate,” “plan,” “estimate,” “project,” “intend,” “should,” “can,” “likely,” “could,” “outlook” and similar expressions are intended to identify forward-looking statements.
- These statements include information about our plans, strategies and prospects.
- Forward-looking statements are not guarantees of performance.
- These statements are based upon the current beliefs and expectations of our management
Headwinds
- The impacts of the overall global economy and increasing interest rates
- Our ability to effectively integrate and manage companies we acquire, including US Ecology, and to realize the anticipated benefits of any such acquisitions
- Acts of war, riots or terrorism, and the impact of these acts on economic, financial and social conditions in the United States
- The effects of the COVID-19 pandemic and actions taken in response thereto
- Our dependence on large, long-term collection, transfer and disposal contracts
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2022
+0.6%
Avg return
Earnings day
+1.1%
Avg return
5 days after
+3.0%
Avg return
30 days after
60%
44 / 73 earnings
Positive
+5.9%
Q4 2013
Best reaction
-6.6%
Q3 2012
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.8% | +1.1% | +4.5% | |
| Q4 2025 | +0.4% | +0.0% | -0.9% | |
| Q3 2025 | -2.1% | -1.7% | +3.4% | |
| Q2 2025 | -0.4% | +0.2% | +1.0% | |
| Q1 2025 | +1.2% | +4.1% | +5.0% | |
| Q4 2024 | +3.1% | +2.3% | +3.3% | |
| Q3 2024 | -0.8% | -0.9% | +8.9% | |
| Q2 2024 | -4.9% | -3.5% | +3.6% | |
| Q1 2024 | -3.8% | -4.1% | -5.9% | |
| Q4 2023 | +0.6% | -0.7% | +3.6% | |
| Q3 2023 | -1.1% | +0.6% | +8.7% | |
| Q2 2023 | +0.4% | -2.0% | -3.7% | |
| Q1 2023 | +5.4% | +5.6% | +2.8% | |
| Q4 2022 | +4.1% | +5.7% | +4.7% | |
| Q3 2022 | -0.3% | -1.8% | +2.4% | |
| Q2 2022 | +1.1% | +1.7% | +1.7% | |
| Q1 2022 | +1.2% | -3.3% | +0.6% | |
| Q4 2021 | -5.8% | -7.2% | -0.9% | |
| Q3 2021 | +4.2% | +3.9% | +4.6% | |
| Q2 2021 | +2.6% | +3.8% | +7.1% | |
| Q1 2021 | +1.9% | +3.1% | +0.5% | |
| Q4 2020 | -1.8% | -1.7% | +8.4% | |
| Q3 2020 | +3.4% | +8.7% | +1.9% | |
| Q2 2020 | +4.7% | +5.1% | +8.1% | |
| Q1 2020 | +1.7% | +5.3% | +12.5% | |
| Q4 2019 | +2.0% | +1.8% | -13.7% | |
| Q3 2019 | -0.4% | -1.9% | +0.9% | |
| Q2 2019 | +4.1% | +3.2% | +0.8% | |
| Q1 2019 | +1.6% | +4.4% | +6.6% | |
| Q4 2018 | -0.9% | +0.3% | +0.7% | |
| Q3 2018 | +1.0% | +4.0% | +9.6% | |
| Q2 2018 | +2.7% | +2.7% | +3.7% | |
| Q1 2018 | +3.9% | +5.1% | +5.1% | |
| Q4 2017 | -4.1% | -2.0% | +6.7% | |
| Q3 2017 | -1.0% | -0.6% | -0.5% | |
| Q2 2017 | -0.8% | -0.3% | -0.7% | |
| Q1 2017 | -0.4% | +0.2% | -0.3% | |
| Q4 2016 | +2.8% | +3.6% | +7.2% | |
| Q3 2016 | +1.3% | +0.0% | +8.5% | |
| Q2 2016 | -0.8% | -1.4% | -2.2% | |
| Q1 2016 | +1.2% | — | — | |
| Q4 2015 | -0.2% | — | — | |
| Q3 2015 | +0.1% | — | — | |
| Q2 2015 | +2.3% | — | — | |
| Q1 2015 | +3.7% | — | — | |
| Q4 2014 | -3.2% | — | — | |
| Q3 2014 | -2.4% | — | — | |
| Q2 2014 | +0.9% | — | — | |
| Q1 2014 | -1.3% | — | — | |
| Q4 2013 | +5.9% | — | — | |
| Q3 2013 | +3.0% | — | — | |
| Q2 2013 | -2.4% | — | — | |
| Q1 2013 | +3.3% | — | — | |
| Q4 2012 | -1.4% | — | — | |
| Q3 2012 | -6.6% | — | — | |
| Q2 2012 | +3.9% | — | — | |
| Q1 2012 | -0.1% | — | — | |
| Q4 2011 | +0.1% | — | — | |
| Q3 2011 | -3.6% | — | — | |
| Q2 2011 | +0.0% | — | — | |
| Q1 2011 | -0.1% | — | — | |
| Q4 2007 | -1.4% | — | — | |
| Q4 2010 | -1.4% | — | — | |
| Q3 2010 | -5.0% | — | — | |
| Q2 2010 | +1.5% | — | — | |
| Q1 2009 | +4.7% | — | — | |
| Q1 2010 | +0.2% | — | — | |
| Q4 2009 | +1.7% | — | — | |
| Q3 2008 | +3.2% | — | — | |
| Q3 2009 | +3.2% | — | — | |
| Q2 2009 | +2.6% | — | — | |
| Q4 2008 | +2.6% | — | — | |
| Q2 2008 | +2.6% | — | — |
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