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Republic Services Q3 revenue beats estimates on pricing gains

By Reuters News


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

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$4.56 bln

$4.42 bln (22 Analysts)

Q3 Adjusted EPS

Beat

$1.94

$1.93 (24 Analysts)

Q3 EPS

$1.93

Q3 Net Income

$593 mln


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.)

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