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Republic Services, Inc. (RSG) SEC Filing 10-Q Quarterly Report for the period ending Wednesday, March 31, 2021

Republic Services, Inc.

CIK: 1060391 Ticker: RSG

EXHIBIT 99.1
rslogorgbverticala351.jpg

Republic Services, Inc. Reports
First Quarter 2021 Results
Reported Earnings of $0.93 Per Share
Increased Adjusted Earnings 24 Percent Over the Prior Year to $0.93 Per Share
Expanded Adjusted EBITDA Margin 270 Basis Points
Generated Cash Flow from Operations of $661.0 million and Adjusted Free Cash Flow of $464.2 million
Raised 2021 Full-Year Financial Guidance
Named One of Fortune's 2021 World's Most Admired Companies and to Barron's 100 Most Sustainable Companies List

PHOENIX (May 5, 2021) Republic Services, Inc. (NYSE: RSG) today reported net income of $295.9 million, or $0.93 per diluted share, for the three months ended March 31, 2021, versus $246.3 million, or $0.77 per diluted share, for the comparable 2020 period. Excluding certain benefits and expenses, on an adjusted basis, net income for the three months ended March 31, 2021 was $297.2 million, or $0.93 per diluted share, versus $241.1 million, or $0.75 per diluted share, for the comparable 2020 period.

“Thanks to our strong foundation, resilient business model and talented team, Republic Services once again delivered outstanding results in the first quarter of 2021,” said Donald W. Slager, chief executive officer. “I am proud of all we have achieved during my tenure as CEO, and I have been humbled to lead the extraordinary women and men who make this company great. The Company has the right strategic plan, leadership team and dedicated employees to continue building on our progress in serving our customers, operating efficiently and sustainably, and creating value for our shareholders.”

“We started the year strong by building on the momentum in our business and capitalizing on improving market conditions,” said Jon Vander Ark, president and incoming CEO. “During the first quarter we achieved a 24 percent increase in adjusted earnings per share and expanded adjusted EBITDA margin 270 basis points. As a result of our solid first quarter performance and outlook for the balance of the year, we now expect to exceed our original 2021 full-year adjusted earnings and free cash flow guidance.”
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The following information was filed by Republic Services, Inc. (RSG) on Wednesday, May 5, 2021 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 2021 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 Statements Of Cash Flows
Unaudited Consolidated Statements Of Comprehensive Income
Unaudited Consolidated Statements Of Income
Unaudited Consolidated Statements 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 (Loss) Income By Component (Tables)
Changes In Accumulated Other Comprehensive Loss By Component
Changes In Accumulated Other Comprehensive Loss By Component - Summary Of Changes In Aoci (Details)
Changes In Accumulated Other Comprehensive Loss 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 - 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)
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 And Credit Losses (Tables)
Revenue And Credit Losses - Allowance For Doubtful Accounts (Details)
Revenue And Credit Losses - Disaggregation (Details)
Revenue And Credit Losses - 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: 0001060391-21-000023
Submitted to the SEC: Wed May 05 2021 8:09:04 PM EST
Accepted by the SEC: Thu May 06 2021
Period: Wednesday, March 31, 2021
Industry: Refuse Systems

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