Republic Services Stock Earnings Reports

Republic Services delivered a solid start to 2026 and reiterated its full-year guidance. Key financials: revenue grew 2.6% year-over-year, adjusted EBITDA grew 4.3% with a 50 bps expansion in adjusted EBITDA margin to 32.1%, adjusted EPS was $1.70, and adjusted free cash flow was $984 million (up >35% YoY). Average yield on related revenue was 4.1% (average yield on total revenue 3.4%); core price on total revenue was 5.7%. Volume pressures persisted (organic volume down ~1% on related revenue; total revenue volume down ~80 bps), with residential and large container volumes down though large container improved sequentially. Recycling commodity prices were lower (Q1 ~$120/ton, currently ~$125/ton) but polymer center volumes helped offset revenue impact. Company continues digital and AI investments, targeting at least $100 million of annual benefit by 2028, and is enhancing pricing, routing and customer-service tools. Sustainability progress: RNG portfolio expanding (82 landfill gas-to-energy projects expected after four additional 2026 additions), polymer center production scaling, and >200 electric collection vehicles in service with a plan to exceed 300 by year-end. Capital allocation: >$700 million of acquisitions year-to-date (including $433 million in Q1) and management expects to exceed $1 billion in acquisitions for the year; returned $507 million to shareholders in Q1 (including $314 million buybacks). Balance sheet and liquidity: total debt ~$$14 billion, liquidity $1.8 billion, leverage ~2.6x. Management expects fuel surcharges to begin offsetting higher diesel costs starting in Q2 and sees Environmental Solutions revenue improving in H2 2026 as pipeline activity ramps. Overall tone: disciplined pricing and cost management delivering margin expansion despite commodity and fuel headwinds; continued focus on targeted M&A, digital transformation, fleet electrification and RNG/decabonization initiatives.