REPUBLIC SERVICES Announces 2nd Quarter Earnings Results for Fiscal Year 2023

August 13, 2023

🌥️Earnings Overview

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.

Market Price

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

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Republic Services. More…

    Total Revenues Net Income Net Margin
    14.43k 1.57k 11.3%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Republic Services. More…

    Operations Investing Financing
    3.39k -2.81k -488.2
  • 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…

    Total Assets Total Liabilities Book Value Per Share
    29.82k 19.62k 32.25
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Republic Services are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    12.2% 13.7% 17.0%
    FCF Margin ROE ROA
    13.0% 15.2% 5.1%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis

    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
  • Valuation Analysis




  • Peers

    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 ($NASDAQ:SRCL)

    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.

    Summary

    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.

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