Republic Services (RSG) Beats On Q4 Earnings, Ups EPS View
Zacks Investment Research | Feb 14, 2020 07:23AM ET
Republic Services Inc. (NYSE:RSG) reported mixed fourth-quarter 2019 results wherein earnings surpassed the Zacks Consensus Estimate but revenues lagged the same.
Adjusted earnings per share of 91 cents outpaced the consensus mark by 2.2% and increased 13.8% year over year.
Over the past year, shares of Republic Services have gained 29.4%, compared with 22.5% growth of the industry it belongs to and 22% rise of the Zacks S&P 500 composite.
Revenues
Quarterly revenues of $2.58 billion lagged the consensus estimate by 1.7% but increased 1.8% year over year. A positive impact of 0.8% internal growth and 1% impact of acquisitions benefited the top line.
Revenues in the Collection segment totaled $1.94 billion, up 2.6% year over year. Transfer segment revenues of $141.6 million increased 6.4% year over year. Landfill segment revenues of $326.1 million increased 2.6% year over year. It contributed 13% to total revenues. Environmental services segment revenues of $48.1 million improved 6.7% year over year. Other segment revenues of $116.5 million decreased 13.4% year over year.
Operating Results
Adjusted EBITDA came in at $2.9 billion and adjusted EBITDA margin was 28.3% (up 30 basis points year over year) in 2019.
Operating income was $459.2 million compared with $483.3 million in the year-ago quarter. Operating margin came in at 17.8% compared with 19.1% in the year-ago quarter. Total selling, general and administrative expenses were $285.7 million compared with $284.5 million in the year-ago quarter.
Republic Services, Inc. Price, Consensus and EPS Surprise
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