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Republic Services, Inc. (RSG) SEC Filing 10-Q Quarterly report for the period ending Sunday, June 30, 2019

Republic Services, Inc.

CIK: 1060391 Ticker: RSG

EXHIBIT 99.1
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Republic Services, Inc. Reports
Second Quarter 2019 Results

Generated Earnings of $0.78 Per Share and Adjusted Earnings of $0.79 Per Share, an 8% Increase Over the Prior Year
Revenue Growth Driven by Strong Pricing, Including Core Price of 4.6% and Average Yield of 2.8%
Expanded Adjusted EBITDA Margin by 50 Basis Points
Reaffirmed 2019 Adjusted Earnings Per Share and Adjusted Free Cash Flow Guidance
Raised Acquisition Investment Guidance to $550 Million for the Full Year
Increased Quarterly Dividend by 8%
Named to Forbes' Best Employers for Women 2019 List

PHOENIX (July 25, 2019)
– Republic Services, Inc. (NYSE: RSG) today reported net income of $251.5 million, or $0.78 per diluted share, for the three months ended June 30, 2019, versus $234.9 million, or $0.71 per diluted share, for the comparable 2018 period. Excluding certain gains and expenses, on an adjusted basis, net income for the three months ended June 30, 2019 was $254.1 million, or $0.79 per diluted share, versus $239.6 million, or $0.73 per diluted share, for the comparable 2018 period.

“We are very pleased with our second quarter results. Our ability to price in excess of cost inflation and drive operating leverage enabled us to grow earnings 8 percent and expand adjusted EBITDA margin by 50 basis points. During the quarter we invested $129 million in acquisitions, further strengthening our market position, and now expect to invest a total of $550 million for the full year,” said Donald W. Slager, chief executive officer. “Given the underlying strength of our business and the progress we're making in de-risking the recycling business model, we are reaffirming our 2019 adjusted EPS and free cash flow guidance despite additional headwinds from lower recycled commodity prices.”

Second-Quarter Highlights:

EPS was $0.78 per share. Adjusted EPS, a non-GAAP measure, was $0.79 per share and included a 4-cent benefit from a lower than expected effective tax rate, which was partially offset by a 3-cent non-cash tax-related charge.

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The following information was filed by Republic Services, Inc. (RSG) on Thursday, July 25, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Republic Services, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2019 10-K Annual Report includes:

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  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

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Inside Republic Services, Inc.'s 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Cover Page
Details
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Unaudited Consolidated Statement Of Stockholders' Equity
Unaudited Consolidated Statements Of Cash Flows
Unaudited Consolidated Statements Of Comprehensive Income
Unaudited Consolidated Statements Of Income
Basis Of Presentation
Basis Of Presentation (Details)
Basis Of Presentation (Policies)
Basis Of Presentation (Tables)
Business Acquisitions, Investments And Restructuring Charges
Business Acquisitions, Investments And Restructuring Charges (Tables)
Business Acquisitions, Investments And Restructuring Charges - Acquisitions (Details)
Business Acquisitions, Investments And Restructuring Charges - Narrative (Details)
Changes In Accumulated Other Comprehensive Income By Component
Changes In Accumulated Other Comprehensive Income By Component (Tables)
Changes In Accumulated Other Comprehensive Income By Component - Summary Of Changes In Aoci (Details)
Changes In Accumulated Other Comprehensive Income By Component - Summary Of Reclassifications Out Of Aoci (Details)
Commitments And Contingencies
Commitments And Contingencies (Tables)
Commitments And Contingencies - Cash, Cash Equivalents And Restricted Cash (Details)
Commitments And Contingencies - Legal Proceedings (Details)
Commitments And Contingencies - Multiemployer Pension Plans (Details)
Commitments And Contingencies - Restricted Cash And Marketable Securities (Details)
Debt
Debt (Tables)
Debt - Carrying Values Of Debt Instruments (Details)
Debt - Narrative (Details)
Financial Instruments
Financial Instruments (Tables)
Financial Instruments - Assets And Liabilities Measured At Fair Value (Details)
Financial Instruments - Derivative Hedging Activities (Details)
Financial Instruments - Narrative (Details)
Goodwill And Other Intangible Assets, Net
Goodwill And Other Intangible Assets, Net (Tables)
Goodwill And Other Intangible Assets, Net - Goodwill (Details)
Goodwill And Other Intangible Assets, Net - Narrative (Details)
Goodwill And Other Intangible Assets, Net - Other Intangible Assets, Net (Details)
Income Taxes
Income Taxes (Details)
Landfill And Environmental Costs
Landfill And Environmental Costs (Tables)
Landfill And Environmental Costs - Accrued Landfill And Environmental Costs (Details)
Landfill And Environmental Costs - Environmental Remediation Liability (Details)
Landfill And Environmental Costs - Final Capping, Closure And Post-Closure Costs (Details)
Landfill And Environmental Costs - Narrative (Details)
Leases
Leases (Details)
Leases (Tables)
Leases - Aggregate Principal Payments (Details)
Leases - Lease Costs (Details)
Leases - Supplemental Cash Flow Information (Details)
Leases - Weighted Average Lease Term And Discount Rate (Details)
Other Assets
Other Assets (Tables)
Other Assets - Other Assets (Details)
Other Assets - Prepaid Expenses And Other Current Assets (Details)
Other Liabilities
Other Liabilities (Details)
Other Liabilities (Tables)
Revenue
Revenue (Tables)
Revenue - Disaggregation (Details)
Revenue - Narrative (Details)
Segment Reporting
Segment Reporting (Tables)
Segment Reporting - Financial Information By Regional Segment (Details)
Segment Reporting - Narrative (Details)
Stock Repurchases, Dividends And Earnings Per Share
Stock Repurchases, Dividends And Earnings Per Share (Tables)
Stock Repurchases, Dividends And Earnings Per Share - Earnings Per Share (Details)
Stock Repurchases, Dividends And Earnings Per Share - Narrative (Details)
Stock Repurchases, Dividends And Earnings Per Share - Share Repurchase Activity (Details)
Ticker: RSG
CIK: 1060391
Form Type: 10-Q Quarterly Report
Accession Number: 0001060391-19-000033
Submitted to the SEC: Thu Jul 25 2019 5:50:29 PM EST
Accepted by the SEC: Fri Jul 26 2019
Period: Sunday, June 30, 2019
Industry: Refuse Systems

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