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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Republic Services Inc | NYSE:RSG | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| -0.93 | -0.50% | 185.51 | 187.80 | 183.93 | 186.64 | 1,219,296 | 01:00:00 |
From May 2019 to May 2024
By Neil Haggerty
Republic Services Inc. (RSG) reported better-than-expected earnings in its most recent quarter, driven by higher revenue and cost cuts.
The company also raised its guidance for the year, and shares rose 2% in after hours trading. The company now projects $2.02 to $2.05 of per-share earnings, above its March guidance of $1.98 to $2.01 a share.
The waste-management and recycling company also declared a 2-cent, or 7.1%, increase to its quarterly dividend. The 30-cent dividend will be paid Oct. 15.
Republic said its results were helped by lower costs and better productivity because of advancements in its fleet-based initiatives. It also benefited from lower gas prices.
For the quarter, Republic reported earnings of $190.3 million, or 54 cents a share, up from $170 million, or 50 cents a share, a year earlier. Revenue increased 3.7% to $2.31 billion.
Analysts polled by Thomson Reuters expected earnings of 51 cents a share on revenue of $2.31 billion.
Write to Neil Haggerty at neil.haggerty@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
1 Year Republic Services Chart |
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