Republic Services (RSG) Tops Q1 EPS by 2c, Beat on Revenue

Republic Services (NYSE: RSG) reported Q1 EPS of $0.55, $0.02 better than the analyst estimate of $0.53. Revenue for the quarter came in at $2.39 billion versus the consensus estimate of $2.36 billion.

First-Quarter Financial Highlights:

• Adjusted diluted EPS was $0.55 per share, an increase of 15 percent over the prior year.
• Cash provided by operating activities was $444 million and adjusted free cash flow was $240 million.
• Revenue growth from average yield was 2.3 percent and volumes increased 1.0 percent.
• Core price increased revenues by 4.1 percent, which consisted of 5.5 percent in the open market and 1.9 percent in the restricted portion of our business.
• Adjusted EBITDA margin was 27.4 percent of revenue.
• Total cash returned to shareholders through dividends and share repurchases was $218 million.

For earnings history and earnings-related data on Republic Services (RSG) click here.

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