Summary
Republic Services, Inc. (RSG) filed an 8-K on October 26, 2023, primarily to announce an upward revision to its full-year 2023 earnings per share (EPS) guidance. The company now expects full-year diluted EPS to be in the range of $5.30 to $5.33, and adjusted diluted EPS to be between $5.46 and $5.49. This adjusted EPS metric excludes restructuring charges and US Ecology acquisition integration and deal costs, a non-GAAP measure the company uses to provide insight into ongoing operational performance.
Key Highlights
- 1Republic Services raised its full-year 2023 diluted EPS guidance to a range of $5.30 - $5.33.
- 2Full-year 2023 adjusted diluted EPS guidance was also increased to a range of $5.46 - $5.49.
- 3The company utilizes adjusted diluted EPS to present operational performance excluding specific charges and integration costs.
- 4Adjusted diluted EPS excludes restructuring charges.
- 5Adjusted diluted EPS excludes US Ecology acquisition integration and deal costs.
- 6The filing incorporates a press release announcing the Company's financial results for the three and nine months ended September 30, 2023.
- 7Guidance is based on current economic conditions.