Summary
Republic Services, Inc. (RSG) filed an 8-K on February 7, 2019, to furnish its earnings press release for the three months and year ended December 31, 2018. The filing primarily serves to provide investors with the company's official financial results and its financial outlook for the upcoming fiscal year 2019. The press release details the company's performance for the recently concluded year and sets expectations for key financial metrics in 2019, including earnings per share and cash flow generation. Notably, the company provided its financial guidance for 2019, which is based on current economic conditions and does not anticipate significant economic shifts. Investors should pay close attention to the projected earnings per share and free cash flow figures, as well as the company's definitions and exclusions for adjusted metrics. The filing also references the adoption of a new revenue recognition standard and provides pro forma information for prior periods to aid in comparability.
Key Highlights
- 1Republic Services announced its financial results for the year and quarter ended December 31, 2018.
- 2The company provided its financial guidance for the full year 2019.
- 3Projected diluted earnings per share (EPS) for 2019 is estimated to be in the range of $3.22 to $3.27.
- 4Adjusted diluted EPS, excluding restructuring charges, is forecasted between $3.23 and $3.28 for 2019.
- 5Cash provided by operating activities for 2019 is expected to be between $2,307 million and $2,357 million.
- 6Adjusted free cash flow for 2019 is guided to be in the range of $1,125 million to $1,175 million.
- 7The company referenced the adoption of a new revenue recognition standard and provided pro forma 2017 results.