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

Republic Services, Inc.

CIK: 1060391 Ticker: RSG

EXHIBIT 99.1
image11.jpg
Republic Services, Inc. Reports
Third Quarter 2019 Results

Generated Earnings of $0.93 Per Share and Adjusted Earnings of $0.91 Per Share, an 11% Increase Over the Prior Year
Revenue Growth Driven by Strong Pricing, Including Core Price of 4.7% and Average Yield of 2.8%
Underlying Adjusted EBITDA Margin Expansion of 60 Basis Points
Invested $275 Million in Acquisitions
Raised 2019 Adjusted Earnings Per Share Guidance and Reaffirmed Adjusted Free Cash Flow Guidance
Provided Preliminary 2020 Financial Outlook
Certified as a Great Place to Work® for the Third Consecutive Year

PHOENIX (October 30, 2019)
– Republic Services, Inc. (NYSE: RSG) today reported net income of $298.3 million, or $0.93 per diluted share, for the three months ended September 30, 2019, versus $263.4 million, or $0.81 per diluted share, for the comparable 2018 period. Excluding certain gains and expenses, on an adjusted basis, net income for the three months ended September 30, 2019 was $291.7 million, or $0.91 per diluted share, versus $269.0 million, or $0.82 per diluted share, for the comparable 2018 period.

“We are pleased with our third quarter results. The team's continued ability to tightly manage costs and capitalize on favorable solid waste trends enabled us to price in excess of cost inflation and expand underlying EBITDA margin by 60 basis points. During the quarter we invested $275 million in acquisitions, further strengthening our leading market position and increasing the scale of our operations,” said Donald W. Slager, chief executive officer. “We now expect to outperform our original 2019 full-year adjusted EPS guidance and achieve the upper-end of our adjusted free cash flow guidance range. The momentum in our business and stable economic backdrop position us well for continued growth in 2020.”

Third-Quarter Highlights:

EPS was $0.93 per share. Adjusted EPS, a non-GAAP measure, was $0.91 per share, an increase of 11 percent over the prior year.

1

The following information was filed by Republic Services, Inc. (RSG) on Wednesday, October 30, 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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  • Board Members
  • 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
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Unaudited Consolidated Statement Of Cash Flows
Unaudited Consolidated Statement Of Comprehensive Income
Unaudited Consolidated Statement Of Income
Unaudited Consolidated Statement Of Stockholders' Equity
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: 0001060391-19-000042
Submitted to the SEC: Wed Oct 30 2019 5:51:56 PM EST
Accepted by the SEC: Thu Oct 31 2019
Period: Monday, September 30, 2019
Industry: Refuse Systems

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