Every material Form 8-K Republic Services filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Republic Services reported third-quarter 2024 net income of $565.7 million, or $1.80 per diluted share, up from $1.52 a year earlier, and revenue rose 6.5% to $4,076.2 million. The company also said full-year revenue is expected to be near the low end of its updated $16.075 billion to $16.125 billion guidance range, while it expects adjusted EBITDA at the high end of its range.
Q3 2024 diluted EPS was $1.80 versus $1.52 in Q3 2023; adjusted EPS was $1.81 versus $1.54
Q3 2024 revenue was $4,076.2 million versus $3,825.9 million, growth of 6.5%
Full-year 2024 revenue expected near the low end of the $16.075 billion to $16.125 billion range
Quarterly dividend of $0.58 per share, payable January 15, 2025, to holders of record on January 2, 2025
Republic Services and its subsidiary USE Canada Holdings entered a Second Amended and Restated Credit Agreement on July 26, 2024, with Bank of America as administrative agent. The unsecured facility provides lender commitments of up to $3.5 billion and replaces the company's prior credit agreement dated August 17, 2021. The filing does not report any drawn balance, and the new terms matter to shareholders mainly as a description of the company's borrowing capacity and covenants.
Aggregate lender commitments of up to $3.5 billion; Canadian dollar loans capped at $1.0 billion within that total
Facility is unsecured and matures in July 2029, with two possible one-year extensions
Company may add up to $1.0 billion of commitments from existing or new lenders, subject to conditions
Covenant requires total debt to EBITDA not to exceed a maximum ratio; dividends and buybacks permitted if in compliance
Republic Services reported second-quarter 2024 revenue of $4.048 billion, up 8.6% from a year earlier, and diluted earnings per share of $1.62, up from $1.35. The company raised its full-year 2024 adjusted diluted earnings per share guidance to $6.15 to $6.20 and increased its quarterly dividend by 4.5 cents to $0.580 per share, which shareholders may find meaningful.
Q2 2024 net income attributable to Republic Services was $511.5 million, or $1.62 per diluted share, versus $1.35 in Q2 2023
Q2 2024 adjusted diluted earnings per share was $1.61, versus $1.41 a year earlier
Full-year 2024 adjusted diluted EPS guidance raised to $6.15 to $6.20; adjusted free cash flow guidance $2.150 billion to $2.170 billion
Quarterly dividend increased to $0.58 per share, payable October 15, 2024, to holders of record on October 2, 2024
Republic Services reported first-quarter 2024 revenue of $3.86 billion, up 7.8% from a year earlier, and net income of $453.8 million, or $1.44 per diluted share, versus $1.21 a year earlier. Adjusted earnings per share were $1.45, compared with $1.24 in the 2023 period, and cash flow from operations was $811.5 million.
Revenue of $3,861.7 million for the three months ended March 31, 2024, up from $3,581.1 million
Diluted EPS of $1.44 versus $1.21; adjusted diluted EPS of $1.45 versus $1.24
Cash flow from operations of $811.5 million; adjusted free cash flow of $534.6 million
No shares repurchased in the quarter; a quarterly dividend of $0.535 per share is payable July 15, 2024
Republic Services said its Chief Accounting Officer, Brian Goebel, will retire effective March 15, 2025, and moved to a special advisor role to the CFO on March 1, 2024. Elyse Carlsen, a company employee since 2015, took over as Vice President and Chief Accounting Officer on March 1, 2024, as part of an executive succession plan. The change is routine for shareholders and involves no financial results.
Brian Goebel notified the company on February 29, 2024 of his plan to retire effective March 15, 2025
Elyse Carlsen, 37, appointed Vice President and Chief Accounting Officer effective March 1, 2024
Carlsen's offer letter sets a base salary of $310,000, a one-time RSU award valued at $100,000, and a 2024 bonus target of 60% of base salary
Republic Services reported fourth-quarter 2023 net income of $439.6 million, or $1.39 per diluted share, up from $1.09 a year earlier, on revenue of $3,831.6 million, up 8.6 percent. For 2024 it expects adjusted diluted EPS of $5.94 to $6.00, compared with adjusted EPS of $5.61 for 2023, and revenue of $16.100 billion to $16.200 billion.
Q4 2023 revenue was $3,831.6 million, up 8.6 percent, including 2.9 percent growth from acquisitions.
Q4 2023 adjusted EPS was $1.41, up from $1.13; full-year 2023 adjusted EPS was $5.61, up from $4.93.
2024 guidance: adjusted EBITDA of $4.825 billion to $4.875 billion and adjusted free cash flow of $2.100 billion to $2.150 billion.
Quarterly dividend of $0.535 per share is payable April 15, 2024, to holders of record on April 2, 2024.
Republic Services appointed Tom Linebarger, 60, to its Board of Directors effective immediately, on February 6, 2024. He joins the Audit Committee and Sustainability & Corporate Responsibility Committee, and the board grows to 13 members, 12 of them independent. The filing discloses his director pay, but no financial results or guidance.
Linebarger, 60, retired as executive chairman of Cummins Inc. in July 2023 after serving as chairman and chief executive officer for 10 years.
Director compensation includes an annual RSU grant with a fair market value of $230,000 and an annual retainer of $100,000, both prorated for 2024.
He will initially serve on the Audit Committee and the Sustainability & Corporate Responsibility Committee.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Republic Services filing is on SEC EDGAR ↗. 8-K briefs of other companies →