Republic Services

Q2 FY2026 EarningsQ2 FY26 results beat consensus on both top and bottom lines: revenue $4.43B vs. $4.36B expected, and adjusted EPS $1.85 vs. $1.82 expected. Growth was primarily driven by a 3.4% increase in average yield and a 1.1% contribution from acquisitions, though volumes declined 1.6% due to municipal contract losses and slowing construction activity. Management raised FY26 revenue guidance to $17.2B–$17.3B, reinforcing a robust pricing environment and strong cash flow conversion.