Republic Services, Inc. (RSG) Earnings Call Transcripts
Republic Services, Inc.'s Latest Earnings Call - Q2 FY2026
In the second quarter of fiscal year 2026, Republic Services, Inc. reported revenue of $4.08 billion, reflecting a 4.6% year-over-year increase, and adjusted earnings per share (EPS) of $1.85, which was in line with expectations. The company raised its full-year guidance, now projecting revenue between $17.2 billion and $17.3 billion, and adjusted EBITDA in the range of $5.525 billion to $5.55 billion. The guidance increase is attributed to higher-than-expected fuel recovery fee revenue and increased recycling commodity revenue, signaling strong operational momentum and pricing power despite volume challenges.
Reported metrics
| Metric | Value |
|---|---|
| Revenue | $4.08B (beat) |
| Adjusted EPS | $1.85 (inline) |
| Adjusted EBITDA Margin | 32.1% (inline) |
| Organic Volume Change | -1.6% (neutral) |
| Adjusted Free Cash Flow | $1.58B (positive) |
| Total Debt | $14.2B (neutral) |
Guidance from management
Republic Services raised its full-year 2026 guidance, now projecting revenue between $17.2 billion and $17.3 billion, adjusted EBITDA in the range of $5.525 billion to $5.55 billion, and adjusted EPS between $7.23 and $7.28.
What management said
Yes. When you look at the increase of the $40 million or so in EBITDA, majority of that is just due to increase in commodity prices. So if you look at both the revenue and the related EBITDA, that's about $25 million, and then the rest is due to the contribution from incremental acquisitions. So if you look at the revenue that's increasing, you've also got the increase from fuel recovery fees, but that is mostly offs...
Yes. So if you take a look at the performance in Environmental Solutions, we saw an increase in emergency response jobs year-over-year, which was partially offset by a reduction in landfill tons. And again, we are just slightly down on a year-over-year basis, but we saw sequential improvement each of the month throughout the second quarter. And we're optimistic, and again, we project that we're going to grow from a t...
What analysts pressed on
Analysts expressed concerns regarding the sustainability of volume growth, particularly in residential segments, and the potential impact of fuel prices on margins. There were also questions about the integration of recent acquisitions and their contribution to future earnings.
Main topics on the call
- Revenue Growth — Republic Services achieved a revenue growth of 4.6% year-over-year, driven by strong pricing strategies. CEO Jon Vander Ark stated, "Our focus on delivering world-class essential services continues to support organic gro...
- Adjusted EBITDA Margin Stability — The adjusted EBITDA margin was maintained at 32.1%, reflecting effective cost management despite volume pressures. CFO Brian DelGhiaccio noted that margin performance included a "90 basis points expansion in the underlyi...
- Volume Challenges — Organic volume decreased by 1.6% on total revenue, primarily due to prior year landfill event volumes. Management indicated that this decline was expected, with CEO Vander Ark stating, "Volume performance improved 50 bas...
- Guidance Increase — Management raised full-year guidance for 2026, now expecting revenue between $17.2 billion and $17.3 billion. This increase is attributed to "higher-than-expected fuel recovery fee revenue through July" and improved recy...
Read the full Republic Services, Inc. transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About Republic Services, Inc.
Republic Services, Inc. (RSG) is a publicly listed company in the Commercial Services and Supplies industry, within the Industrials sector. It trades on NYSE and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 85 calls on record spanning January 21, 2020 to August 6, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 85 Republic Services, Inc. earnings call transcripts on record, spanning January 21, 2020 to August 6, 2026. Based on this history, Republic Services, Inc. reports quarterly. The most recent call on file is dated August 6, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- RSG
- Exchange
- NYSE
- Country
- US
- Sector
- Industrials
- Industry
- Commercial Services and Supplies
- Calls on record
- 85
- First call
- January 21, 2020
- Most recent
- August 6, 2026
- Reporting cadence
- quarterly