Republic Services Files 8-K on Financial Results and Disclosures

TL;DR

**Republic Services just dropped an 8-K reporting financial results and other key disclosures.**

AI Summary

Republic Services, Inc. filed an 8-K on February 27, 2024, to report its Results of Operations and Financial Condition. The filing also includes a Regulation FD Disclosure and Financial Statements and Exhibits, indicating the company is providing an update on its recent financial performance and other material information to the public.

Why It Matters

This filing is important as it signals Republic Services, Inc. is releasing its latest financial performance data and other significant disclosures, which can impact investor decisions and market valuation.

Risk Assessment

Risk Level: medium — The filing indicates the release of financial results and other material disclosures, which can introduce market volatility depending on the content, but the filing itself is a routine update.

Key Players & Entities

• Republic Services, Inc. (company) — registrant

FAQ

Key Financial Figures

• $0.01 — ich registered Common Stock, par value $0.01 per share RSG New York Stock Exchange
• $5.86 — r share is expected to be in a range of $5.86 to $5.92 and adjusted diluted earnings
• $5.92 — s expected to be in a range of $5.86 to $5.92 and adjusted diluted earnings per share
• $5.94 — r share is expected to be in a range of $5.94 to $6.00. Adjusted diluted earnings per
• $6.00 — s expected to be in a range of $5.94 to $6.00. Adjusted diluted earnings per share ex
• $3,835 million — or 2024 is expected to be in a range of $3,835 million to $3,925 million. Adjusted free cash f
• $3,925 million — d to be in a range of $3,835 million to $3,925 million. Adjusted free cash flow for 2024 is ex
• $2,100 million — or 2024 is expected to be in a range of $2,100 million to $2,150 million. Adjusted free cash f
• $2,150 million — d to be in a range of $2,100 million to $2,150 million. Adjusted free cash flow consists of ca
• $1,780 million — , which is expected to be in a range of $1,780 million to $1,820 million, plus proceeds from t
• $1,820 m — d to be in a range of $1,780 million to $1,820 million, plus proceeds from the sale of p
• $20 m — m the sale of property and equipment of $20 million, and is exclusive of cash paid fo
• $25 m — structuring activities of approximately $25 million, net of tax. We believe that pre

Filing Documents

• rsg-20240227.htm (8-K) — 42KB
• exhibit991q42023.htm (EX-99.1) — 646KB
• rslogorgbverticala35a.jpg (GRAPHIC) — 271KB
• 0001060391-24-000132.txt ( ) — 1217KB
• rsg-20240227.xsd (EX-101.SCH) — 2KB
• rsg-20240227_lab.xml (EX-101.LAB) — 24KB
• rsg-20240227_pre.xml (EX-101.PRE) — 12KB
• rsg-20240227_htm.xml (XML) — 3KB

02 Results of Operations and Financial Condition

Item 2.02 Results of Operations and Financial Condition . 3

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. 3

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits . 3

SIGNATURES

SIGNATURES 4 EX-99.1 EX-104 2

02 Results of Operations and Financial Condition

Item 2.02 Results of Operations and Financial Condition. On February 27, 2024 , Republic Services, Inc. (the Company) issued a press release containing information about the Company's financial results for the three months and year ended December 31, 2023. A copy of this press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure. Full-Year 2024 Financial Guidance Our guidance is based on current economic conditions. Diluted earnings per share is expected to be in a range of $5.86 to $5.92 and adjusted diluted earnings per share is expected to be in a range of $5.94 to $6.00. Adjusted diluted earnings per share excludes the impact of restructuring charges. We believe that the presentation of adjusted diluted earnings per share provides an understanding of operational activities before the financial impact of certain items. We use this measure, and believe investors will find it helpful, in understanding the ongoing performance of our operations separate from items that have a disproportionate impact on our results for a particular period. We have incurred comparable charges, costs, and recoveries in prior periods, and similar types of adjustments can reasonably be expected to be recorded in future periods. Our definition of adjusted diluted earnings per share may not be comparable to similarly titled measures presented by other companies. Cash provided by operating activities for 2024 is expected to be in a range of $3,835 million to $3,925 million. Adjusted free cash flow for 2024 is expected to be in a range of $2,100 million to $2,150 million. Adjusted free cash flow consists of cash provided by operating activities, less property and equipment received, which is expected to be in a range of $1,780 million to $1,820 million, plus proceeds from the sale of property and equipment of $20 million, and is exclusive of cash paid for restructuring activities of approximately $25 million, net of tax. We believe that presenting adjusted free cash flow guidance provides useful information regarding our recurring cash provided by operating activities after certain expenditures or recoveries. It also demonstrates our ability to execute our financial strategy and is a key metric we use to determine compensation. The presentation of adjusted free cash flow has m

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press release of Republic Services, Inc. issued February 27, 2024 to announce the financial results for the three months and year ended December 31, 2023. 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. 3

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. REPUBLIC SERVICES, INC. Date: February 27, 2024 By: /s/ BRIAN D EL GHIACCIO Brian D el Ghiaccio Executive Vice President, Chief Financial Officer (Principal Financial Officer) Date: February 27, 2024 By: /s/ BRIAN A. GOEBEL Brian A. Goebel Vice President and Chief Accounting Officer (Principal Accounting Officer) 4

View Full Filing

View this 8-K filing on SEC EDGAR