Republic Services Q3 revenue beats estimates on pricing gains

Overview

• U.S. waste management firm's Q3 revenue rose 8.2%, beating analyst expectations

• Adjusted EPS for Q3 was $1.94, beating analyst expectations

• Company authorized $5 bln share repurchase program

Outlook

• Republic Services raises 2026 revenue guidance to $17.425 bln-$17.475 bln

• Company lifts 2026 adjusted EBITDA outlook to $5.550 bln-$5.575 bln

• Republic Services now sees 2026 adjusted free cash flow at $2.565 bln-$2.585 bln

Result Drivers

• PRICING GAINS - Co said core price increases contributed 5.3% to revenue growth, with higher prices in both open market and restricted business segments

• ENVIRONMENTAL SOLUTIONS - Co said improved performance in environmental solutions business added 2.1% to revenue growth

• ACQUISITIONS - Co said acquisitions contributed 1.3% to revenue growth in Q3

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 14 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the environmental services & equipment peer group is "buy"

• Wall Street's median 12-month price target for Republic Services Inc is $244.00, about 4.5% above its October 28 closing price of $233.40

• The stock recently traded at 29 times the next 12-month earnings vs. a P/E of 28 three months ago

Reuters Recommended Reads

• Oct 27 - Waste Management Q3 revenue slightly beats on higher volumes

• Oct 28 - Canada's GFL Environmental Q3 revenue rises, lifts 2026 outlook

• Oct 29 - Scandinavian Enviro Q3 revenue falls sharply amid company reorganisation

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)