Republic Services 8-K
PositiveEarnings
Core pricing and cost management expanded adjusted EBITDA margins despite a volume drag
Filed 2026-05-07 16:10 ET
- 2.02 Results of Operations
- 8.01 Other Events
- 9.01 Financial Statements and Exhibits
Summary
Q1 2026 results and quarterly dividend declaration. Revenue increased 2.6% Y/Y; disciplined pricing and cost management supported higher earnings and 50 bp adjusted EBITDA margin expansion. The board declared a $0.625-per-share dividend, payable 7/15/2026.
Key Figures
| Metric | Q1 2026 | Q1 2025 | Y/Y |
|---|---|---|---|
| Revenue | $4.11B | $4.01B | 2.6% |
| Operating income | $830M | $804M | 3.2% |
| Net income attributable to Republic Services, Inc. | $525M | $495M | 6.1% |
| Adjusted net income attributable to Republic Services, Inc. (non-GAAP) | $526M | $496M | 6.05% |
| Diluted EPS | $1.70 | $1.58 | 7.6% |
| Adjusted diluted EPS (non-GAAP) | $1.70 | $1.58 | 7.6% |
| Cash provided by operating activities | $1.23B | $1.03B | 19.7% |
| Adjusted free cash flow (non-GAAP) | $984M | $727M | 35.4% |
- Core price increased revenue 5.7% and average yield 3.4%; volume reduced revenue 0.8%. Adjusted EBITDA was $1.32B, with a 32.1% margin, up 50 bp; net income margin was 12.8%, also up 50 bp.
- Shareholder returns totaled $507M: $314M to repurchase 1.4M shares at a weighted-average $218.29 per share, and $193M in dividends paid. Remaining repurchase authorization was ≈$1.3B.
- Cash invested in acquisitions was $433M in the quarter; the company reported more than $700M invested in value-creating acquisitions to date. The declared dividend is for shareholders of record 7/2/2026 and will be paid 7/15/2026.
Guidance
No guidance in this filing.
Investor Takeaways
- Watch whether pricing and cost management continue to support earnings and margin growth as volume remains a drag.
The summary is written by an AI model reading the filing.
Model 005 · prompt 01d34d48e3