$RSG · REPUBLIC SERVICES, INC.
Republic Services reported Q3 2026 results with revenue of $4.559B (+8.2% YoY), GAAP EPS of $1.93, and adjusted EPS of $1.94. The company raised full-year 2026 guidance across revenue, adjusted EBITDA, and adjusted free cash flow. The Board authorized a new $5 billion share repurchase program effective January 1, 2027, and declared a $0.670 quarterly dividend.
- Q3 revenue of $4.559B, up 8.2% YoY, with 4.8% organic growth from recycling and waste.
- Q3 adjusted EPS of $1.94 vs. $1.90 prior year; GAAP EPS of $1.93 vs. $1.76.
- FY2026 adjusted EBITDA guidance raised to $5.550B–$5.575B; revenue guidance raised to $17.425B–$17.475B.
- Board authorized a new $5B share repurchase program effective January 1, 2027 through December 31, 2029.
- Year-to-date cash from operations of $3.52B; adjusted free cash flow of $2.28B.
Extended-hours trading shows RSG at $237.00, up 0.30% from the regular close of $236.28. The modest after-hours move suggests the raised guidance and $5B buyback authorization were largely in line with or slightly ahead of expectations for this $72.35B market-cap waste-services giant.
A $5B buyback authorization on a $72B market-cap company, combined with raised guidance across all key metrics, signals management's conviction in sustained cash generation.
Republic's 5.3% core price increase and 8.2% total revenue growth outpace typical waste-industry GDP-plus pricing, reinforcing the sector's reputation for resilient, inflation-linked revenue streams. The $5B buyback signals confidence alongside peers like WM and WCN.
Volume decreased 0.6% in Q3, and the loss from unconsolidated equity method investments widened to $158M year-to-date from $72M in the prior year. Guidance assumes no significant economic deterioration.