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