--- title: "Republic Services | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 4.113 B" type: "News" locale: "en" url: "https://longbridge.com/en/news/285657013.md" datetime: "2026-05-08T03:15:56.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285657013.md) - [en](https://longbridge.com/en/news/285657013.md) - [zh-HK](https://longbridge.com/zh-HK/news/285657013.md) --- # Republic Services | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 4.113 B Revenue: As of FY2026 Q1, the actual value is USD 4.113 B, beating the estimate of USD 4.098 B. EPS: As of FY2026 Q1, the actual value is USD 1.7, beating the estimate of USD 1.6242. EBIT: As of FY2026 Q1, the actual value is USD 979 M. #### Net Income - Net income for Republic Services, Inc. was $525 million for the three months ended March 31, 2026, compared to $495 million for the comparable 2025 period. - The net income margin was 12.8% for the three months ended March 31, 2026. - Adjusted net income was $526 million for the three months ended March 31, 2026, compared to $496 million for the comparable 2025 period. #### Segment Revenue - **Collection (Net)**: $2,838 million (69.1% of total revenue) for the three months ended March 31, 2026, compared to $2,743 million (68.4% of total revenue) for the comparable 2025 period. - Residential: $747 million in 2026 vs. $743 million in 2025. - Small-container: $1,306 million in 2026 vs. $1,243 million in 2025. - Large-container: $768 million in 2026 vs. $739 million in 2025. - **Transfer (Net)**: $200 million (4.9% of total revenue) for the three months ended March 31, 2026, compared to $188 million (4.7% of total revenue) for the comparable 2025 period. - **Landfill (Net)**: $453 million (11.0% of total revenue) for the three months ended March 31, 2026, compared to $421 million (10.5% of total revenue) for the comparable 2025 period. - **Environmental Solutions (Net)**: $405 million (9.8% of total revenue) for the three months ended March 31, 2026, compared to $449 million (11.2% of total revenue) for the comparable 2025 period. - **Other (Net)**: $217 million (5.2% of total revenue) for the three months ended March 31, 2026, compared to $208 million (5.2% of total revenue) for the comparable 2025 period. #### Operating Profit - Operating income for the three months ended March 31, 2026, was $830 million, compared to $804 million for the comparable 2025 period. - Adjusted EBITDA was $1,322 million for the three months ended March 31, 2026, compared to $1,268 million for the comparable 2025 period. #### Operating Margin - Adjusted EBITDA margin for Republic Services, Inc. was 32.1% of revenue for the three months ended March 31, 2026, an increase of 50 basis points over the prior year, compared to 31.6% for the comparable 2025 period. - Recycling & Waste Adjusted EBITDA margin: 33.6% in 2026 vs. 33.0% in 2025. - Environmental Solutions Adjusted EBITDA margin: 19.2% in 2026 vs. 20.8% in 2025. #### Operating Costs - Total cost of operations for the three months ended March 31, 2026, was $2,366 million (57.5% of revenue) vs. $2,314 million (57.7% of revenue) for the comparable 2025 period. - Labor and related benefits: $831 million (20.2% of revenue) in 2026 vs. $818 million (20.4% of revenue) in 2025. - Transfer and disposal costs: $257 million (6.3% of revenue) in 2026 vs. $253 million (6.3% of revenue) in 2025. - Maintenance and repairs: $361 million (8.8% of revenue) in 2026 vs. $359 million (9.0% of revenue) in 2025. - Fuel: $124 million (3.0% of revenue) in 2026 vs. $114 million (2.8% of revenue) in 2025. - Total selling, general and administrative expenses were $425 million (10.3% of revenue) for the three months ended March 31, 2026, vs. $427 million (10.7% of revenue) for the comparable 2025 period. - Salaries and related benefits: $301 million (7.3% of revenue) in 2026 vs. $293 million (7.3% of revenue) in 2025. #### Cash Flow - Cash provided by operating activities for the three months ended March 31, 2026, was $1,227 million, compared to $1,025 million for the comparable 2025 period. - Adjusted free cash flow was $984 million for the three months ended March 31, 2026, compared to $727 million for the comparable 2025 period. #### Unique Metrics - **Capital Allocation and Shareholder Returns**: Cash invested in acquisitions was $433 million for the three months ended March 31, 2026. - Cash returned to shareholders totaled $507 million, including $314 million of share repurchases and $193 million of dividends paid by 共和废品处理。 - During the three months ended March 31, 2026, 共和废品处理 repurchased 1.4 million shares of common stock for $314 million at a weighted average cost per share of $218.29. - As of March 31, 2026, the remaining authorized purchase capacity under the October 2023 repurchase program was approximately $1.3 billion. - A regular quarterly dividend of $0.625 per share was declared on May 5, 2026, for shareholders of record on July 2, 2026, to be paid on July 15, 2026. - Cash dividends paid per common share were $0.625 for 2026 and $0.580 for 2025. - **Recycled Commodity Price**: The Company’s average recycled commodity price per ton sold at its recycling centers during the first quarter was $120, a decrease of $35 per ton over the prior year. - **Accounts Receivable**: Accounts receivable, net of allowance for doubtful accounts, was $1,917 million as of March 31, 2026, resulting in days sales outstanding of 42.4, or 31.8 days net of deferred revenue. #### Outlook / Guidance 共和废品处理 is well-positioned to achieve its full-year objectives due to disciplined pricing and effective cost management. 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