Summary
Republic Services, Inc. (RSG) reported solid financial results for the nine months ended September 30, 2015. Revenue increased by 3.8% year-over-year, driven by a combination of average yield increases, volume growth, and strategic acquisitions. The company demonstrated effective cost management, with operating income increasing by 13.0% for the nine-month period, resulting in improved operating margins. Key financial highlights include robust operating cash flow generation and a significant increase in capital expenditures, largely due to acquisitions. The company also continued its commitment to returning capital to shareholders through share repurchases and dividend payments. Despite ongoing investments and acquisitions, Republic Services maintained a strong liquidity position, with substantial availability under its credit facilities.
Financial Highlights
54 data points| Revenue | $2.34B |
| Cost of Revenue | $1.39B |
| Gross Profit | $953.80M |
| SG&A Expenses | $244.10M |
| Operating Income | $442.90M |
| Interest Expense | $91.80M |
| Net Income | $215.00M |
| EPS (Basic) | $0.62 |
| EPS (Diluted) | $0.61 |
| Shares Outstanding (Basic) | 348.94M |
| Shares Outstanding (Diluted) | 350.28M |
Key Highlights
- 1Revenue increased by 3.8% to $6.82 billion for the nine months ended September 30, 2015, compared to $6.57 billion in the prior year period.
- 2Operating income grew by 13.0% to $1.20 billion for the nine months ended September 30, 2015, from $1.07 billion in the same period last year.
- 3Diluted earnings per share (EPS) increased to $1.64 for the nine months ended September 30, 2015, up from $1.39 in the comparable period of 2014.
- 4Cash provided by operating activities was $1.32 billion for the nine months ended September 30, 2015, an increase from $1.10 billion in the prior year.
- 5Capital expenditures for the nine months ended September 30, 2015 totaled $732.0 million, up from $683.1 million in the prior year, driven by acquisitions and investments in property and equipment.
- 6The company repurchased $293.3 million of its stock during the nine months ended September 30, 2015, and paid $295.0 million in dividends.
- 7Total assets grew to $20.79 billion as of September 30, 2015, compared to $20.09 billion at the end of 2014, reflecting acquisitions and asset growth.