REPUBLIC SERVICES Announces Financial Results for Fourth Quarter of FY 2022
March 5, 2023
Earnings report
Republic Services ($NYSE:RSG) recently announced their financial results for the fourth quarter of the 2022 fiscal year (ending December 31, 2022) on February 15, 2023. These results show strong growth from the previous year, with total revenue increasing by 10.8% to USD 346.8 million and net income increasing by 19.5% to USD 3529.7 million. This marks Republic Services’ fifth consecutive quarter of increased profits and is indicative of a strong future ahead. The company’s success is attributed to its continued focus on the core services offered and its commitment to providing excellent customer service.
Furthermore, Republic Services has seen an increase in client base due to its efficient and reliable services. The strong growth from this quarter indicates that the company’s strategy is successful, and that its future looks bright.
Market Price
The company’s stock opened at $124.5 and closed at $125.8, an increase of 0.8% from the previous closing price of $124.9. This increase signifies a strong financial performance and confidence in the company’s outlook. REPUBLIC SERVICES reported steady progress in their operations across all segments with strong cash flows and improved profitability. Overall, REPUBLIC SERVICES’ fourth quarter financial results and dividend payment prove to be a positive signal for shareholders, employees, and customers alike. The company looks poised to continue growing and delivering strong returns in the coming years. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Republic Services. More…
| Total Revenues | Net Income | Net Margin |
| 13.51k | 1.49k | 11.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Republic Services. More…
| Operations | Investing | Financing |
| 3.19k | -4.42k | 1.34k |
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 |
| 29.05k | 19.36k | 30.65 |
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 |
| 9.5% | 11.3% | 16.5% |
| FCF Margin | ROE | ROA |
| 12.8% | 14.5% | 4.8% |
Analysis
As a part of our analysis of REPUBLIC SERVICES‘ fundamentals, GoodWhale has classified the company as one of the “gorillas”, a type of company that has a strong competitive advantage which allows it to sustain stable and high levels of revenue or earnings growth. Investors interested in such companies are typically yield-seeking investors, looking for reliable dividend payments. Our assessment of REPUBLIC SERVICES has given it an 8/10 health score, which means that the company is likely able to sustain its operations in the event of difficult economic times. This is due to its well managed cash flows and debt. REPUBLIC SERVICES also stands out due to its strong dividend payments, as well as its profitability. Its growth rate is slightly below average in comparison to other companies, but its assets are below average for its industry. More…
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 reported total revenue of USD 346.8 million for the quarter, an increase of 10.8% from the quarter of the prior year. Net income also rose 19.5% from the prior year to USD 3529.7 million. This strong financial performance signals a strong outlook for Republic Services, making it an attractive investment for shareholders. The company has seen steady growth over the past year, and with its promising outlook, investors can look forward to continued gains in both revenue and net income.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
