Republic Services Q3 revenue beats estimates on pricing gains
RSG•Republic Services' third-quarter revenue rose 8.2% to $4.56 billion, above the $4.42 billion estimate, while adjusted EPS of $1.94 beat the $1.93 estimate. The company raised its 2026 revenue, adjusted EBITDA and adjusted free cash flow outlook and authorized a $5 billion share repurchase program.
1. Quarterly results
Third-quarter revenue rose 8.2% to $4.56 billion, beating the $4.42 billion analyst estimate. Adjusted EPS was $1.94, above the $1.93 estimate; net income was $593 million and EPS was $1.93.
2. Growth drivers
Core price increases contributed 5.3% to revenue growth, with higher prices in open market and restricted business segments. Improved performance in environmental solutions added 2.1% to growth, while acquisitions contributed 1.3%.
3. Raised outlook
Republic Services raised its 2026 revenue outlook to $17.425 billion-$17.475 billion and its adjusted EBITDA outlook to $5.550 billion-$5.575 billion. It now expects adjusted free cash flow of $2.565 billion-$2.585 billion and authorized a $5 billion share repurchase program.
