Republic Services, Inc. reported a 7.1% increase in revenue for the fiscal year ending December 31, 2024, reaching $16.032 billion, compared to $14.965 billion in 2023. The growth was primarily driven by a 5.1% increase in average yield, alongside contributions from acquisitions, which added 2.6% to revenue. However, the company experienced a slight decline in volume, down 1.1%, attributed to reduced activity in the large-container collection segment and losses in certain municipal contracts. Net income attributable to Republic Services rose to $2.043 billion, or $6.49 per diluted share, up from $1.731 billion, or $5.47 per diluted share, in the previous year.
In terms of operational developments, Republic Services expanded its footprint with 367 collection operations, 248 transfer stations, and 208 active landfills across the U.S. and Canada. The company also launched its first Polymer Center in Las Vegas and completed construction of another in Indianapolis, aimed at enhancing its recycling capabilities. The company is actively pursuing growth through acquisitions, with plans to invest approximately $1 billion in this area in 2025. Additionally, Republic Services is focusing on sustainability initiatives, including a commitment to reduce greenhouse gas emissions by 35% by 2030.
The company’s workforce has grown to approximately 42,000 full-time employees, reflecting its expansion efforts. Employee engagement remains a priority, with a target engagement score of 88 by 2030; the current score stands at 86. Republic Services also emphasizes safety, reporting a 24% better safety performance than the industry average over the past decade.
Looking ahead, Republic Services anticipates revenue for 2025 to be between $16.850 billion and $16.950 billion, with an expected growth rate of approximately 4% from average yield. The company aims to offset cost inflation through pricing strategies while continuing to invest in sustainability and technology to enhance productivity and customer retention. The outlook reflects a commitment to maintaining its market position and driving profitable growth in the environmental services sector.
About REPUBLIC SERVICES, INC.
About 10-K Filings
A 10-K form is a comprehensive annual report that public companies in the United States must file with the SEC, providing a detailed overview of the company's financial condition, performance, and business strategies.
Key points about the 10-K:
- Frequency: Filed annually, typically within 60 to 90 days after the end of the company's fiscal year.
-
Content: It includes:
- Detailed financial statements audited by an independent accounting firm
- Management's Discussion and Analysis (MD&A) of financial condition and results
- Description of the company's business, properties, and legal proceedings
- Risk factors and market risks
- Executive compensation and corporate governance information
- Importance: Considered the most comprehensive and important document a public company files with the SEC.
- Length: Often exceeds 100 pages due to its extensive and detailed nature.
Our Methodology
AssetRoom is committed to providing timely summaries of news from public companies. We use AI to generate these summaries quickly, but they are not reviewed by human experts.
Our method:
- Data Collection: We continuously monitor for new filings (currently limited to US-listed stocks).
- AI-Powered Analysis: Our advanced AI system processes each filing, identifying key information and extracting relevant data.
- Summary Generation: The AI creates a concise, easy-to-understand summary of the filing, highlighting the most important points.
- Publication: The summary is immediately published on our platform, allowing users instant access to the latest information.
- Email users: We distribute round-up emails according to our users preferences, keeping them in the loop with the companies they follow.
Feedback & Corrections
Spot an error or have a suggestion? Contact us.