29-07-2025
Republic Services posts quarterly revenue below estimates
July 29 (Reuters) - Waste disposal company Republic Services (RSG.N), opens new tab missed analysts' estimates for second-quarter revenue on Tuesday, weighed by weakness in its environmental solutions business.
Shares of the company fell 1.5% in extended trading.
The Phoenix, Arizona-based company is one of the two publicly traded companies, along with Waste Management (WM.N), opens new tab, that provide garbage collection and disposal services across the U.S.
The company's total revenue for the second quarter came at $4.23 billion, compared with analyst expectations of $4.26 billion, according to data compiled by LSEG.
Republic Services saw weak demand for its waste collection and treatment services, with volume growth up just 0.2%.
Recycled commodity prices at its recycling centers fell by $24 per ton to $149 per ton, the company said.
The company, however, posted an adjusted profit of $1.77 per share for the quarter ended June 30, ahead of the analysts' average expectation of $1.75 per share.
The company also said it expects full-year revenue in the range of $16.67 billion to $16.75 billion. Analysts, on average, expected $16.87 billion.
