PHX Reporter

Republic Services, Inc. has announced its financial results for the fourth quarter and full-year 2024. The company reported a net income of $512 million, or $1.63 per diluted share, for the three months ending December 31, 2024. This is an increase from the previous year's figure of $440 million, or $1.39 per diluted share. On an adjusted basis, net income was $497 million, or $1.58 per diluted share, compared to $446 million, or $1.41 per diluted share in the same period of 2023.

"We delivered another strong year of results in 2024," stated Jon Vander Ark, president and chief executive officer of Republic Services. "We exceeded expectations and generated double-digit growth in EBITDA, earnings and free cash flow."

For 2025, Republic Services has set its financial guidance based on current economic conditions without assuming significant changes in the overall economy. Mr. Vander Ark expressed optimism about the company's future performance: "We expect to deliver another strong year of profitable growth in 2025."

The Board of Directors at Republic previously declared a regular quarterly dividend of $0.58 per share for shareholders recorded by April 2, 2025. The payment is scheduled for April 15, 2025.

Republic Services continues to lead in environmental services through subsidiaries offering products and services such as recycling and waste management.

The company's report included various metrics such as adjusted EBITDA margin and adjusted free cash flow which are not determined by U.S. generally accepted accounting principles (GAAP). These metrics provide insights into operational activities before certain financial impacts.

Additionally, during the year ended December 31, 2024, Republic recognized a loss due to amendments in their credit facility but also reported gains from early settlements related to cash flow hedges.

Throughout the year ended December 31, 2024, restructuring charges were incurred primarily due to software system redesigns amounting to $29 million.

The report highlights various non-GAAP measures used by Republic Services to give investors a better understanding of their operations beyond GAAP standards.