Republic Services, Inc. reported third‑quarter 2025 results with net income of $550 million, or $1.76 per diluted share, compared with $566 million, or $1.80 per diluted share, in the same quarter of 2024. Total revenue for the quarter was $4.212 billion, up 3.3% year‑over‑year.
On an adjusted basis, the company’s net income rose 4.4% to $594 million. Adjusted EBITDA margin expanded 80 basis points to 32.8% for the quarter, up from 32.0% in the prior year, reflecting the company’s ability to price ahead of cost inflation and maintain disciplined operational execution.
Revenue was driven by residential collection ($1.80 billion), transfer and landfill operations ($1.20 billion), and other non‑core activities ($0.20 billion). The company noted that event‑driven landfill volumes and a decline in recycled commodity prices contributed to the margin expansion, while fuel cost offsets helped mitigate pressure.
CEO Jon Vander Ark said the company maintained strong pricing power and disciplined cost management, citing efficient operations and a focus on sustainability initiatives such as electric vehicle deployment and renewable natural gas projects. He highlighted the company’s ability to sustain a price‑cost spread of 75 to 100 basis points in the recycling and waste business.
The company expects full‑year 2025 revenue to be near the low end of its guidance range and will provide full‑year 2026 guidance in February. It declared a quarterly dividend of $0.625 per share, payable on January 15, 2026, to shareholders of record on January 2, 2026, a 7.8% increase over the $0.58 dividend paid in the same quarter of 2024.
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