Republic Services 8-K
PositiveEarningsGuidance raised
Core pricing above inflation and cost discipline offset lower volumes; Republic raised revenue, adjusted EBITDA and adjusted free cash flow guidance.
Filed 2026-08-06 16:08 ET
- 2.02 Results of Operations
- 7.01 Regulation FD Disclosure
- 9.01 Financial Statements and Exhibits
Summary
Q2 2026 results with increased FY2026 guidance. Republic’s revenue grew 4.6% as pricing and cost management offset lower volumes; it raised guidance for revenue, adjusted EBITDA and adjusted free cash flow.
Key Figures
| Metric | Q2 2026 | Q2 2025 | Y/Y |
|---|---|---|---|
| Revenue | $4.43B | $4.24B | 4.6% |
| Operating income | $901M | $861M | 4.6% |
| Net income attributable to Republic Services, Inc. | $566M | $550M | 2.9% |
| Adjusted net income attributable to Republic Services, Inc. (non-GAAP) | $569M | $556M | 2.3% |
| Diluted EPS | $1.84 | $1.75 | 5.1% |
| Adjusted diluted EPS (non-GAAP) | $1.85 | $1.77 | 4.5% |
- Core price added 5.3% to revenue, while volume reduced it by 1.6%; management cited pricing above cost inflation and disciplined cost management. Adjusted EBITDA was $1.42B, with a 32.1% margin, unchanged Y/Y.
- First-half operating cash flow was $2.38B vs $2.13B; adjusted free cash flow was $1.58B vs $1.42B. First-half cash returned to shareholders was $1.04B, including $651M of repurchases and $385M of dividends. Q2 repurchases were 1.6M shares for $337M; diluted weighted-average shares fell 1.8% Y/Y.
- At 6/30/2026, cash was $107M vs $76M at year-end 2025; debt carrying value was $14.1B vs $13.6B. The quarterly dividend rose $0.045 to $0.670 per share, payable 10/15/2026 to holders of record 10/02/2026.
Guidance
| Metric | Period | Guidance | Prior | Direction |
|---|---|---|---|---|
| Revenue | FY2026 | $17.2B-$17.3B | — | Increased |
| Net income attributable to Republic Services, Inc. (GAAP) | FY2026 | $2.21B-$2.22B | — | — |
| Adjusted EBITDA (non-GAAP) | FY2026 | $5.525B-$5.550B | — | Increased |
| Diluted EPS (GAAP) | FY2026 | $7.18-$7.23 | — | — |
| Adjusted diluted EPS (non-GAAP) | FY2026 | $7.23-$7.28 | — | — |
| Cash provided by operating activities | FY2026 | $4.485B-$4.560B | — | — |
| Adjusted free cash flow (non-GAAP) | FY2026 | $2.540B-$2.575B | — | Increased |
Investor Takeaways
- Track FY2026 results against the updated revenue, adjusted EBITDA and adjusted free cash flow ranges; the outlook assumes no significant change in overall economic conditions for the rest of 2026.
The summary is written by an AI model reading the filing.
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