Sector: Industrials|Industry: Waste Management|Market Cap: $63.71B|Employees: 41K
Republic Services, Inc. is one of the largest providers of environmental services in the United States and Canada. The company's core business model revolves around collecting, recycling, and disposing of waste materials, including solid, industrial, and hazardous waste. They operate through a vertically integrated platform with a strong geographic presence across North America, focusing on sustainable solutions and leveraging their digital capabilities to enhance customer experience.
Revenue increased by 8.2% year-over-year to $7,909.8 million for the six months ended June 30, 2024, driven by a 5.8% increase in average yield, a 3.4% increase from acquisitions, and a 0.4% increase in recycling sales, partially offset by a 0.9% decrease in volume.
Operating income increased to $1,546.6 million for the six months ended June 30, 2024, compared to $1,351.4 million for the same period in 2023, reflecting the impact of higher revenues.
Net income attributable to Republic Services, Inc. increased to $965.3 million for the six months ended June 30, 2024, compared to $811.2 million for the same period in 2023, with diluted earnings per share increasing to $3.06 from $2.56.