Republic Services reported first-quarter profit above Wall Street estimates on Tuesday, as it benefited from price hikes amid sustained demand for waste collection and disposal. Republic Services and WM are the two leading companies in the U.S. waste services industry.
Robust Revenue Growth and Expanded Margins Highlight the Quarter
Republic Services, Inc. (NYSE: RSG) today reported net income of $453.8 million, or $1.44 per diluted share, for the three months ended March 31, 2024, versus $383.9 million, or $1.21 per diluted share, for the comparable 2023 period. Excluding certain expenses and other items, on an adjusted basis, net income for the three months ended March 31, 2024 was $458.1 million, or $1.45 per diluted share, versus $393.7 million, or $1.24 per diluted share, for the comparable 2023 period.