Republic Services (NYSE:RSG) on Monday rose 1.6% in extended trading after the garbage-collection company lifted its outlook for the remainder of 2023.
Management estimated full-year revenue of $14.78 billion to $14.85 billion, and adjusted EPS of $5.33 and $5.38. It previously had forecast revenue of $14.65 billion to $14.8 billion and adjusted EPS of $5.15 to $5.23.
"Growth continues to be broad-based, with strong results in our recycling and solid waste and environmental solutions businesses," Jon Vander Ark, CEO of Republic (RSG), said in a statement.
The improved outlook follows higher net income and revenue for quarter ended June 30.
Republic’s (RSG) net income rose 15% to $427.4 million, or $1.35 a share, from $371.9 million, or $1.17 a share, a year earlier. Adjusted EPS of $1.41 beat the consensus estimate of $1.32 a share.
Revenue advanced 9.1% to $3.73 billion, the company announced.
More about Republic Services
- Republic Services: Turning Trash Into Wealth
- Republic Services GAAP EPS of $1.41 beats by $0.10, revenue of $3.73B beats by $10M
- Republic Services, Waste Connections rated Buy at Citibank
- Republic Services rises in extended trading after Q1 results
- Waste Management, Waste Connections rated Buy in new coverage at Truist
- Seeking Alpha’s Quant Rating on Republic Services
- Earnings data for Republic Services
- Dividend scorecard for Republic Services