Republic Services is one of the largest providers of environmental services in the United States, operating across the United States and Canada. The company's core business involves the collection, recycling, and disposal of waste materials, with a focus on vertically integrated operations. Republic prioritizes investments in market verticals with above-average growth rates and higher return profiles. The company leverages its customer relationships, digital capabilities, and commitment to sustainability to drive growth and maintain a competitive advantage.

• Employees: 41,000 (approximately)
• Geographic Footprint: United States and Canada
• Headquarters: Phoenix, Arizona
• Founded: Not explicitly stated in 10K
• Number of locations/facilities: 364 collection operations, 246 transfer stations, 74 recycling centers, 207 active landfills, 3 treatment, recovery and disposal facilities, 22 treatment, storage and disposal facilities (TSDF), 6 salt water disposal wells, 12 deep injection wells, and 1 polymer center
• Revenue: $14.96 billion (FY2023)
• Market Share: Not explicitly stated in 10K
• Key Subsidiaries/Brands: US Ecology, Blue Polymers

• CEO: Jon Vander Ark
• CFO: Brian DelGhiaccio
• Chief Development Officer: Brian Bales
• Chief Operating Officer: Gregg Brummer
• Chief Legal Officer: Catharine D. Ellingsen
• Chief Marketing Officer: Amanda Hodges
• Chief Human Resources Officer: Courtney Rodriguez
• Board Chair: Manuel Kadre

The leadership team consists of industry veterans and talented people from other industries. Key executives have extensive experience in operations, finance, and business development. The Board of Directors is responsible for the continued growth and development of the company.

• Annual Revenue: $14.96 billion (FY2023)
• Net Income: $1.73 billion (FY2023)
• Market Cap: $48.4 billion (as of June 30, 2023)
• Total Assets: $31.41 billion (as of December 31, 2023)
• Employees: 41,000 (approximately)
• Key Financial Highlights: Revenue increased by 10.8% compared to 2022. Net income increased to $1.73 billion (FY2023) from $1.49 billion (FY2022).

Republic Services offers a comprehensive suite of environmental services:

• Collection Services: Residential, small-container, and large-container collection of recyclable and solid waste materials.
• Transfer Services: Operation of transfer stations for the consolidation and transfer of waste.
• Recycling Processing Services: Operation of recycling centers for processing and sale of recyclable materials.
• Landfill Services: Operation of active landfills for the disposal of waste.
• Environmental Solutions: Collection, treatment, consolidation, disposal and recycling of hazardous and non-hazardous waste, field and industrial services, equipment rental, emergency response, and in-plant services.
• Other Services: National Accounts revenue generated from nationwide contracts.

The company is also engaged in landfill gas-to-energy and other renewable energy projects.

Republic Services operates through three main segments:

• Group 1: Recycling and waste business operating primarily in the western United States.
• Group 2: Recycling and waste business operating primarily in the southeastern and mid-western United States, the eastern seaboard of the United States, and Canada.
• Group 3: Environmental solutions business operating across the United States and Canada.

Revenue breakdown by segment was not explicitly provided, but the 10K does provide revenue by service line.

Republic Services' strategy is focused on generating profitable growth by sustainably managing customer needs. Key strategic priorities include:

• Developing a vertically integrated market position to build density and improve returns.
• Expanding recycling capabilities through innovative material handling processes and programs.
• Identifying opportunities to further its position as a vertically integrated service provider in markets where it is not fully integrated.
• Growing internally through capital investments and infrastructure development and externally through acquisitions and public-private partnerships.
• Securing long-term contracts for collecting recyclable, solid waste and industrial waste material.
• Focusing on technology innovation, including fleet automation and electrification.
• Committing to continuous development of environmentally responsible operations.

The company is also focused on attracting and retaining top talent, fostering a diverse and inclusive culture, and leveraging digital capabilities to enhance customer experience.

Republic Services operates in the environmental services industry, which includes waste management and recycling. Key market trends include:

• Increasing demand for recycling services and sustainable waste management practices.
• Growing emphasis on the circular economy and the use of recycled content in consumer packaging.
• Focus on reducing greenhouse gas emissions and transitioning to low-carbon energy alternatives.
• Increasing competition from other large, national publicly-owned companies, several regional publicly- and privately-owned companies and thousands of small privately-owned companies.
• Competition from municipalities that maintain material collection or disposal operations.

The company competes based on product offering, quality of service and price. The company's ability to maintain and increase prices in certain markets may be impacted by competitors' pricing policies.

• Market Risks: Competition from other large, national publicly-owned companies, several regional publicly- and privately-owned companies and thousands of small privately-owned companies, and municipalities that maintain material collection or disposal operations. Fluctuations in prices for recycled commodities.
• Operational Risks: Dependence on technology, including the RISE dispatch platform and in-cab technology. Cybersecurity incidents, including security breaches and system disruptions. Safety and operational risks, including personal injury to employees and third parties.
• Financial Risks: Substantial indebtedness, which may limit financial flexibility. Exposure to credit and counterparty risk. Potential increases in costs if required to provide additional funding to multiemployer pension plans.
• Regulatory Risks: Compliance with environmental and flow control regulations. Changes in regulations relating to PFAS and other chemicals of emerging concern.
• Other Risks: Severe weather conditions, including those brought about by climate change, which could impair financial results.