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Republic Services: Q1 Earnings Snapshot

By AP News - Apr 27, 2023, 04:36 PM ET
Last Updated - Jun 22, 2023, 02:41 AM EDT
Republic Services: Q1 Earnings Snapshot

PHOENIX (AP) — PHOENIX (AP) — Republic Services Inc. (RSG) on Thursday reported first-quarter earnings of $383.9 million.

On a per-share basis, the Phoenix-based company said it had net income of $1.21. Earnings, adjusted for costs related to mergers and acquisitions and restructuring costs, came to $1.24 per share.

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The results exceeded Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.13 per share.

The waste management company posted revenue of $3.58 billion in the period, also exceeding Street forecasts. Nine analysts surveyed by Zacks expected $3.41 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a RSG">Zacks stock report on RSG at https://www.zacks.com/ap/RSG

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