Market Overview

Republic Services Inc. (RSG) Reports Bright Second Quarter Results

Republic Services Inc. (NYSE: RSG) recently reported strong second-quarter results, raised its EPS and free cash flow guidance.

The firm expects synergies in the range of $180 to $195 million to be realized from the Allied Waste deal, which is expected to be finalized soon. Republic Services Inc. is aggressively repaying higher-yield debt and has paid down more than $800 million in debt in the past 18 months.

Consolidated revenue was flat at $2 billion, as internal revenue growth turned positive for the first time since the third quarter of 2008.

Posted-In: News Markets

 

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