REPUBLIC SERVICES ($NYSE:RSG) reported their earnings results for the second quarter of FY2023, ending July 31, 2023, on June 30, 2023. The company experienced a 9.1% year-over-year increase in total revenue at USD 3725.9 million, and a 14.9% rise in net income at USD 427.4 million.
On Monday, REPUBLIC SERVICES released its second quarter earnings results for fiscal year 2023. The stock opened at $151.2 and closed at $151.1, down by 0.3% from its previous closing price of $151.5. Despite the minor decline, the company was still able to report a solid return on investment and deliver a strong set of results.
This is an indication of the company’s ability to attract and retain customers, even during tough economic times. With such encouraging financial results and customer growth, REPUBLIC SERVICES is well-positioned to continue to grow and expand in the coming years. Live Quote…
About the Company
Ownership (Institutional/ Fund Holdings)
Below shows the total revenue, net income and net margin for Republic Services. More…
Income Statement Reports (Yearly/ Quarterly/ LTM)
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Republic Services. More…
Cash Flow Statement (Yearly/ Quarterly/ LTM)
Cash Flow Supplement
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Republic Services. More…
Balance Sheet (Yearly/ Quarterly)
Balance Sheet Supplement
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Key Ratios Snapshot
Some of the financial key ratios for Republic Services are shown below. More…
Income Statement Ratios
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At GoodWhale, we have taken a close look at REPUBLIC SERVICES‘s fundamentals and our assessment is as follows. Our Risk Rating indicates that REPUBLIC SERVICES is a low risk investment with respect to both financial and business aspects. However, we do detect one potential risk warning in the income sheet. To get the full details of this risk warning, register on goodwhale.com and see for yourself. We believe that REPUBLIC SERVICES could be a solid investment opportunity and encourage you to check out more of our analysis. More…
Risk Rating Analysis
Star Chart Analysis
Founded in 1998, Republic Services, Inc. is an industry leader in U.S. non-hazardous solid waste. They offer integrated, non-hazardous solid waste collection, transfer, disposal, recycling, and energy services across the United States. Headquartered in Phoenix, Arizona, they have approximately 33,000 employees and operate in 42 states. Their main competitors are Waste Management, Inc., Waste Connections, Inc., and Stericycle, Inc.
– Waste Management Inc ($NYSE:WM)
Waste Management Inc is an American waste management, comprehensive waste, and environmental services company in North America. The company is headquartered in Houston, Texas. It was founded in 1971.
Waste Management Inc has a market cap of 66.75B as of 2022. The company has a Return on Equity of 27.41%. Waste Management Inc is an American waste management, comprehensive waste, and environmental services company in North America.
– Waste Connections Inc ($NYSE:WCN)
Waste Connections Inc is a waste management company that has a market cap of 33.98B as of 2022. The company has a return on equity of 9.38%. The company provides waste management services to residential, commercial, and industrial customers in the United States and Canada.
Stericycle Inc is a provider of medical waste management services. The company has a market cap of 3.81B as of 2022 and a Return on Equity of 0.01%. Stericycle Inc’s primary business is providing medical waste management services to healthcare facilities and organizations. The company also provides other related services such as biohazardous waste disposal, sharps disposal, and pharmaceutical waste disposal.
REPUBLIC SERVICES has reported strong financial results for the second quarter of fiscal year 2023. Total revenue increased by 9.1%, while net income rose by 14.9% year-over-year. The company has a solid balance sheet with healthy cash flow and an attractive dividend yield.
Moving forward, REPUBLIC SERVICES is well-positioned for long-term growth, making it an attractive investment opportunity in the sector. Investors may be further drawn to the company’s defensive moat and strong market position.