Track market-moving stories before they get noisy

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.

The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.

It also includes access to the Zacks Style Scores.

What are the Zacks Style Scores? The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.

Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.

The Style Scores are broken down into four categories:

Value ScoreFinding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.

Growth ScoreWhile good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.

Momentum ScoreMomentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.

VGM ScoreIf you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.

How Style Scores Work with the Zacks Rank A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.

It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +23.94% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.

This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.

That's where the Style Scores come in.

To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.

As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.

For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.

Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.

Stock to Watch: Republic Services (RSG - Free Report) Republic Services is a leading provider of non-hazardous solid waste collection, transfer, disposal, recycling, and energy services. As of Dec 31, 2024, the company operated through 367 collection operations, 248 transfer stations, 208 active landfills, 75 recycling centers, two treatment, recovery and disposal facilities, 23 treatment, storage and disposal facilities, 14 deep injection wells, 1 polymer center and 5 saltwater disposal wells, across the United States and Canada.

RSG is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.

Momentum investors should take note of this Business Services stock. RSG has a Momentum Style Score of A, and shares are up 4.8% over the past four weeks.

For fiscal 2026, two analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.02 to $7.29 per share. RSG boasts an average earnings surprise of +5.2%.

With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, RSG should be on investors' short list.

Republic Services' solid waste exposure, dividend growth and buybacks support its outlook, though permit hurdles and a low current ratio raise concerns.

, /PRNewswire/ -- Republic Services, Inc. (NYSE: RSG) will release its second quarter 2026 financial results after market close on Thursday, Aug. 6, 2026, and host an investor conference call at 5 p.m. Eastern Time that day.

A live audio webcast of the conference call can be accessed by visiting the company's Investor Relations website at investor.republicservices.com.

Participants also can dial into the conference call at (844) 890-1789 or (412) 717-9598 (International), passcode "Republic Services." Dial-in participants can pre-register at dpregister.com to receive a unique PIN that will bypass the call operator.  

A replay of the conference call will be available one hour after the end of the live call through Aug. 13, 2026, at investor.republicservices.com or by calling (855) 669-9658 or (412) 317-0088 (International), access code 4246369.

Republic Services participates in investor presentations and conferences throughout the year. A schedule is available at investor.republicservices.com.

About Republic Services
Republic Services, Inc. is a leader in the environmental services industry. Through its subsidiaries, the company provides customers with the most complete set of products and services, including recycling, solid waste, special waste, hazardous waste and field services. Republic's industry-leading commitments to advance circularity and support decarbonization are helping deliver on its vision to partner with customers to create a more sustainable world. For more information, please visit RepublicServices.com.

Contacts:

SOURCE Republic Services, Inc.

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.

Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.

Zacks Premium includes access to the Zacks Style Scores as well.

What are the Zacks Style Scores? The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.

Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.

The Style Scores are broken down into four categories:

Value ScoreFinding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.

Growth ScoreWhile good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.

Momentum ScoreMomentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.

VGM ScoreWhat if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.

How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.

It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +24% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.

But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.

That's where the Style Scores come in.

To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.

Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.

A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.

Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.

Stock to Watch: Republic Services (RSG - Free Report) Republic Services is a leading provider of non-hazardous solid waste collection, transfer, disposal, recycling, and energy services. As of Dec 31, 2024, the company operated through 367 collection operations, 248 transfer stations, 208 active landfills, 75 recycling centers, two treatment, recovery and disposal facilities, 23 treatment, storage and disposal facilities, 14 deep injection wells, 1 polymer center and 5 saltwater disposal wells, across the United States and Canada.

RSG is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.

Momentum investors should take note of this Business Services stock. RSG has a Momentum Style Score of B, and shares are up 3.9% over the past four weeks.

Six analysts revised their earnings estimate upwards in the last 60 days for fiscal 2026. The Zacks Consensus Estimate has increased $0.06 to $7.28 per share. RSG boasts an average earnings surprise of +5.2%.

With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, RSG should be on investors' short list.

Next-generation organics processing facility designed to significantly expand composting capacity across Southern California

, /PRNewswire/ -- Republic Services, Inc. (NYSE: RSG), has started construction on the San Bernardino Sustainability Park, a next‑generation organics processing facility designed to significantly expand composting capacity across Southern California. The facility is expected to open in late 2026.

The Republic Services San Bernardino Sustainability Park, located in San Bernardino County will play a critical role in helping communities meet California's SB 1383 organic waste reduction requirements while advancing a more circular approach to material management.

"The San Bernardino Sustainability Park strengthens local organics infrastructure while helping communities divert organic waste from landfills," said Chris Seney, director of organics for Republic Services. "It's a circular solution that puts organic material back to work in the communities it comes from."

Once operational, the facility is expected to deliver multiple regional benefits, including:

Reducing the volume of organic waste sent to landfills Limiting long‑haul transportation to distant processors Lowering associated vehicle emissions Returning locally produced, high-quality compost back to surrounding communities Creating new jobs during construction and ongoing operations. Located on a 140‑acre site, with 60 acres dedicated to compost operations, the facility will utilize advanced aerated static pile composting technology, which accelerates processing times while producing high‑quality compost. The facility will initially process more than 300,000 tons of yard and food waste material annually, with planned scalability to 600,000 tons per year. Modern depackaging technology will also be used to remove waste contamination and improve material quality.

The San Bernadino Sustainability Park will be supported by a network of Republic Services transfer stations throughout the region, making it a significant organics hub for Los Angeles and Orange counties.

Republic Services is a leader in organics recycling and processing in California, with 17 facilities throughout the state, including six compost sites, six commercial food waste preprocessing facilities, four green waste sites and an anaerobic digester. In 2025, the company processed 886,000 tons of food and yard waste across the state, helping customers and communities divert organic material from landfills for beneficial reuse.

About Republic Services
Republic Services, Inc. is a leader in the environmental services industry. Through its subsidiaries, the company provides customers with the most complete set of products and services, including recycling, solid waste, special waste, hazardous waste and field services. Republic's industry‑leading commitments to advance circularity and support decarbonization are helping deliver on its vision to partner with customers to create a more sustainable world. For more information, visit RepublicServices.com.

Republic Services Media Relations
[email protected] 
(480) 757-9770

SOURCE Republic Services, Inc.

National Waste & Recycling Association recognized two company drivers, an operator and a technician for outstanding safety, performance and service

, /PRNewswire/ -- Four employees of Republic Services, Inc. (NYSE: RSG) subsidiaries were recognized by the National Waste & Recycling Association (NWRA) as the industry's best during the NWRA's 2026 Annual Awards Gala on June 10 in Washington, D.C. They were honored for their outstanding performance records and contributions that enhanced overall safety and strengthened the image of the waste and recycling industry.

Dave Bombei of Cedar Rapids, Iowa, was named the NWRA Technician of the Year; Ausencio Carrera of Houston, Texas, was named the NWRA National Safety-Sensitive Driver of the Year; Kenny Gallegos of Phoenix, Arizona, was named the NWRA Operator of the Year; and Donato "Tito" Ponce, also of Phoenix, Arizona, was named the NWRA National Roll-Off Driver of the Year.

In honor of their NWRA recognition, Republic Services leaders presented Carrera and Ponce with keys to new company trucks personalized with their names and 2026 NWRA honors displayed on the side. Bombei also received a new maintenance truck, along with customized tools recognizing his achievement. Gallegos, a heavy equipment operator who recently retired after 33 years with the company, was recognized at his local site alongside peers to mark his achievement.

"Our frontline employees bring technical expertise and a safety mindset to their work every day," said Jon Vander Ark, president and chief executive officer. "Tito, Kenny, Ausencio and Dave represent the best-of-the-best of our team, and we congratulate them on their well-deserved recognition and unwavering commitment to safety." 

The NWRA Driver and Operator of the Year awards recognize member drivers, heavy equipment operators and technicians who work safely and responsibly, maintain outstanding performance records and enhance the safety and public image of the recycling and waste industry.

Since 2006, Republic Services employees have consistently earned recognition across multiple NWRA award categories, highlighting the company's commitment to safety and operational excellence.

2026 Driver of the Year – Roll-Off: Donato "Tito" Ponce
Tito Ponce is a roll-off driver with more than 31 years of service, primarily supporting operations at Phoenix Sky Harbor International Airport. He has maintained an exceptional safety record with no preventable incidents or injuries in one of the most complex, high-security operating environments in the country. Ponce is a trusted resource for colleagues and is actively involved in his community.

2026 Driver of the Year – Safety-Sensitive: Ausencio Carrera
With 27 years in the recycling and waste industry, Ausencio Carrera began his career as a helper and advanced through multiple roles to become a residential driver in Houston. His dedication and reliability, combined with deep industry knowledge and hands-on experience, have earned him lasting relationships with both customers and coworkers. Carrera takes pride in his work, supports his team and enjoys time with his family outside of work.

2026 Operator of the Year: Kenny Gallegos
Kenny Gallegos dedicated 33 years to Republic Services, supporting landfill and transfer station operations across Arizona as a heavy equipment operator. Known for his reliability, he consistently supported site operations, emergency response efforts and team training. He was a trusted resource for both teammates and leadership, taking pride in maintaining safe, well-run sites and fostering a strong team culture. Since retiring in May, Kenny is enjoying more time with his family.

2026 Technician of the Year: Dave Bombei
With more than 38-years in the industry, Dave Bombei supports preventative maintenance and emergency repair operations across multiple recycling facilities in Iowa. Throughout his career, he has maintained an exceptional safety record with no preventable incidents or injuries. His commitment to safety, team development and customer support has made him a trusted resource for colleagues. Outside of work, Dave values time with his wife of 37 years, his children and grandchildren, and enjoys spending time outdoors.

About Republic Services
Republic Services, Inc. is a leader in the environmental services industry. Through its subsidiaries, the company provides customers with the most complete set of products and services, including recycling, solid waste, special waste, hazardous waste and field services. Republic's industry-leading commitments to advance circularity and support decarbonization are helping deliver on its vision to partner with customers to create a more sustainable world. For more information, please visit RepublicServices.com.

Republic Services Media Relations
[email protected]
(480) 757-9770

SOURCE Republic Services, Inc.

Posted by Defense World Staff on Apr 26th, 2026

AEGON ASSET MANAGEMENT UK Plc reduced its stake in shares of Republic Services, Inc. (NYSE:RSG – Free Report) by 38.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 107,242 shares of the business services provider’s stock after selling 67,204 shares during the period. AEGON ASSET MANAGEMENT UK Plc’s holdings in Republic Services were worth $22,721,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. ANB Bank raised its holdings in Republic Services by 2.8% in the third quarter. ANB Bank now owns 1,691 shares of the business services provider’s stock valued at $388,000 after buying an additional 46 shares during the period. ORG Partners LLC raised its holdings in Republic Services by 5.8% in the third quarter. ORG Partners LLC now owns 899 shares of the business services provider’s stock valued at $206,000 after buying an additional 49 shares during the period. ICONIQ Capital LLC raised its holdings in Republic Services by 3.3% in the second quarter. ICONIQ Capital LLC now owns 1,558 shares of the business services provider’s stock valued at $384,000 after buying an additional 50 shares during the period. Prospera Financial Services Inc raised its holdings in Republic Services by 1.1% in the third quarter. Prospera Financial Services Inc now owns 4,766 shares of the business services provider’s stock valued at $1,094,000 after buying an additional 51 shares during the period. Finally, Merit Financial Group LLC raised its holdings in Republic Services by 0.9% in the third quarter. Merit Financial Group LLC now owns 5,651 shares of the business services provider’s stock valued at $1,297,000 after buying an additional 52 shares during the period. 57.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In Several research analysts recently commented on RSG shares. Barclays set a $227.00 price target on shares of Republic Services in a report on Monday, February 23rd. Oppenheimer cut their price target on shares of Republic Services from $256.00 to $255.00 and set an “outperform” rating on the stock in a report on Friday, January 23rd. Wolfe Research started coverage on shares of Republic Services in a report on Friday, March 13th. They issued a “peer perform” rating on the stock. UBS Group increased their price objective on shares of Republic Services from $225.00 to $240.00 and gave the company a “neutral” rating in a research report on Thursday, March 5th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Republic Services from $233.00 to $245.00 and gave the company a “neutral” rating in a research report on Friday, April 10th. Ten research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $244.67.

Read Our Latest Stock Analysis on RSG

Republic Services Stock Down 2.0% RSG stock opened at $209.73 on Friday. Republic Services, Inc. has a twelve month low of $201.42 and a twelve month high of $258.75. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.08. The company has a market capitalization of $64.80 billion, a P/E ratio of 30.62, a PEG ratio of 3.55 and a beta of 0.53. The firm has a 50 day simple moving average of $219.80 and a 200-day simple moving average of $216.52.

Republic Services (NYSE:RSG – Get Free Report) last released its quarterly earnings results on Tuesday, February 17th. The business services provider reported $1.76 earnings per share for the quarter, topping analysts’ consensus estimates of $1.62 by $0.14. The business had revenue of $4.14 billion during the quarter, compared to the consensus estimate of $4.21 billion. Republic Services had a net margin of 12.90% and a return on equity of 18.44%. The business’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.58 earnings per share. Republic Services has set its FY 2026 guidance at 7.200-7.28 EPS. On average, equities research analysts predict that Republic Services, Inc. will post 7.22 earnings per share for the current fiscal year.

Republic Services Announces Dividend The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Thursday, April 2nd were issued a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, April 2nd. Republic Services’s payout ratio is currently 36.79%.

About Republic Services (Free Report)

Republic Services, Inc is a leading provider of non-hazardous solid waste and recycling services in the United States. The company offers a broad range of waste management solutions to residential, commercial, industrial and municipal customers, positioning itself as a full-service partner for everyday waste collection as well as specialized disposal needs.

Republic’s core operations include curbside and commercial collection, transfer and hauling, materials recovery and recycling facilities, and landfill disposal.

Read More Five stocks we like better than Republic Services Want to see what other hedge funds are holding RSG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Republic Services, Inc. (NYSE:RSG – Free Report).

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Wall Street expects a year-over-year increase in earnings on higher revenues when Republic Services (RSG - Free Report) reports results for the quarter ended March 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.

The earnings report, which is expected to be released on May 7, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.

While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.

Zacks Consensus EstimateThis waste management company is expected to post quarterly earnings of $1.64 per share in its upcoming report, which represents a year-over-year change of +3.8%.

Revenues are expected to be $4.1 billion, up 2.2% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 1.08% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Republic Services?For Republic Services, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -0.34%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination makes it difficult to conclusively predict that Republic Services will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Republic Services would post earnings of $1.62 per share when it actually produced earnings of $1.76, delivering a surprise of +8.64%.

Over the last four quarters, the company has beaten consensus EPS estimates four times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Republic Services doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Expected Results of an Industry PlayerAnother stock from the Zacks Waste Removal Services industry, Montrose Environmental , is soon expected to post earnings of $0.14 per share for the quarter ended March 2026. This estimate indicates a year-over-year change of +100%. Revenues for the quarter are expected to be $183.72 million, up 3.3% from the year-ago quarter.

Over the last 30 days, the consensus EPS estimate for Montrose Environmental has been revised 17.7% down to the current level. Nevertheless, the company now has an Earnings ESP of -100.00%, reflecting a lower Most Accurate Estimate.

This Earnings ESP, combined with its Zacks Rank #4 (Sell), makes it difficult to conclusively predict that Montrose Environmental will beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

TORONTO, ON / ACCESS Newswire / May 5, 2026 / Rocky Shore Gold Ltd. ("Rocky Shore" or the "Company") (CSE:RSG)(OTCQB:RSGLF) is pleased to announce that, through a wholly-owned subsidiary, it closed the previously announced purchase of 13 mining claims (the "Claims") in central Newfoundland. As previously disclosed, the Company paid consideration of $25,000 cash and issued an aggregate of 250,000 common shares of Rocky Shore for the Claims. The Vendors also retained an aggregate 2.0% net smelter return royalty on the respective Claims. Please refer to the news release dated April 16, 2026 for further details.

ABOUT ROCKY SHORE GOLD LTD.

Rocky Shore Gold is a focused Canadian exploration company targeting expansion of its two gold deposits and discovery of major gold zones at its 100%-owned Gold Anchor Project. The project is strategically located in central Newfoundland - one of Canada's most promising and underexplored gold belts. The district-scale project is the second-largest (greater than 1,200 square kilometres) property within an emerging gold district. It hosts two large porphyry-controlled gold deposits and high-grade structurally-controlled gold targets on trend to major gold discoveries and recent gold deposits northeast of the Gold Anchor Project. Numerous gold-bearing targets are within the project limits, and several are associated with the highly prospective Appleton and JBP Faults. For more information, please visit our website at www.rockyshoregold.com.

Rocky Shore would like to acknowledge the financial support and approval of the 2026 Junior Exploration Assistance Program from the Department of Natural Resources, Government of Newfoundland and Labrador.

For more information, please contact:

Ken Lapierre, President & CEO
Rocky Shore Gold Ltd.
T: +1 (647) 678-3879
E: [email protected]

Cathy Hume, CEO
CHF Capital Markets
T: +1 (416) 868-1079 x 251
E: [email protected]

QUALIFIED PERSON

Ken Lapierre, P. Geo., President and CEO of the Company, is a Qualified Person in accordance with the Canadian regulatory requirements as set out in National Instrument 43-101, has reviewed and approved the scientific and technical information that forms the basis for the disclosure contained in this news release.

FORWARD-LOOKING INFORMATION

This news release contains "forward-looking information" within the meaning of applicable Canadian securities laws. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects", or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "does not anticipate", or "believes" or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur", or "be achieved". Certain information set forth in this news release may contain forward-looking information that involves substantial known and unknown risks and uncertainties, including, but not limited to, the acquisition of the additional Claims, the advancement of the Company's properties and geological features thereof. The forward-looking information is based on reasonable assumptions and estimates of the management of the Company at the time such statements were made and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Rocky Shore to be materially different from those expressed or implied by such forward-looking information, including risks associated with the exploration; future commodity prices; changes in regulations; political or economic developments; environmental risks; permitting timelines; capital expenditures; technical difficulties in connection with exploration activities; employee relations; the speculative nature of mineral including the risks of diminishing quantities of grades of resources, contests over title to properties, the Company's limited operating history, future capital needs and uncertainty of additional financing, and the competitive nature of the mining industry; the need for the Company to manage its future strategic plans; global economic and financial market conditions; uninsurable risks; and changes in project parameters as plans continue to be evaluated. Although Rocky Shore has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Although the forward-looking information contained in this news release is based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, Rocky Shore cannot assure shareholders that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward-looking information, will prove to be accurate. Rocky Shore does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking information, except as required by applicable securities law.

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Rocky Shore Gold Ltd.

First Quarter Earnings Per Share of $1.70 Expanded First Quarter Net Income Margin 50 Basis Points and Adjusted EBITDA Margin 50 Basis Points Generated Cash Flow from Operations of $1.23 Billion Generated Adjusted Free Cash Flow of $984 Million Invested More Than $700 Million in Value-Creating Acquisitions To Date Named to Fortune's 2026 World's Most Admired Companies List , /PRNewswire/ -- Republic Services, Inc. (NYSE: RSG) today reported net income of $525 million, or $1.70 per diluted share, for the three months ended March 31, 2026, versus $495 million, or $1.58 per diluted share, for the comparable 2025 period. Excluding certain expenses and other items, on an adjusted basis, net income for the three months ended March 31, 2026, was $526 million, or $1.70 per diluted share, versus $496 million, or $1.58 per diluted share, for the comparable 2025 period.

"We are off to a strong start and remain well positioned to achieve our full‑year objectives," said Jon Vander Ark, president and chief executive officer. "Disciplined pricing and effective cost management drove solid earnings growth and 50 basis points of adjusted EBITDA margin expansion in the first quarter. We remain focused on executing our strategy and investing for growth to deliver long‑term value for our customers and shareholders."

First-Quarter 2026 Highlights:

Total revenue growth of 2.6 percent includes 2.8 percent organic growth from our recycling and waste business, 1.3 percent organic decline from our environmental solutions business, and 1.1 percent growth from acquisitions. Core price on total revenue increased revenue by 5.7 percent. Core price on related business revenue increased revenue by 6.8 percent, which consisted of 8.4 percent in the open market and 4.4 percent in the restricted portion of the business. Revenue growth from average yield on total revenue was 3.4 percent, and volume decreased revenue by 0.8 percent. Revenue growth from average yield on related business revenue was 4.1 percent, and volume decreased related business revenue by 1.0 percent. Net income was $525 million, or a margin of 12.8 percent. EPS and Adjusted EPS, a non-GAAP measure, were both $1.70 per share, an increase of 7.6 percent over the prior year. Adjusted EBITDA, a non-GAAP measure, was $1.32 billion, and adjusted EBITDA margin, a non-GAAP measure, was 32.1 percent of revenue, an increase of 50 basis points over the prior year. Cash invested in acquisitions was $433 million. Cash returned to shareholders was $507 million, which included $314 million of share repurchases and $193 million of dividends paid. The Company's average recycled commodity price per ton sold at its recycling centers during the first quarter was $120. This represents a decrease of $35 per ton over the prior year. Republic was recognized by several leading organizations during the quarter, including: Ethisphere's 2026 World's Most Ethical Companies® List Fortune's 2026 World's Most Admired Companies List Company Declared Quarterly Dividend

On May 5, 2026, the Board of Directors of Republic Services, Inc. declared a regular quarterly dividend of $0.625 per share for shareholders of record on July 2, 2026. The dividend will be paid on July 15, 2026.

Presentation of Certain Performance Metrics and Non-GAAP Measures

Adjusted diluted earnings per share, adjusted net income - Republic, adjusted pre-tax income, adjusted tax impact, EBITDA, EBITDA margin, adjusted EBITDA, adjusted EBITDA margin, adjusted EBITDA by business type, adjusted EBITDA margin by business type and adjusted free cash flow are described in the Performance Metrics and Reconciliations of Certain Non-GAAP Measures section of this document.

About Republic Services

Republic Services, Inc. is a leader in the environmental services industry. Through its subsidiaries, the Company provides customers with the most complete set of products and services, including recycling, solid waste, special waste, hazardous waste and field services. Republic's industry-leading commitments to advance circularity and support decarbonization are helping deliver on its vision to partner with customers to create a more sustainable world. For more information, please visit RepublicServices.com.

SUPPLEMENTAL UNAUDITED FINANCIAL INFORMATION

AND OPERATING DATA

REPUBLIC SERVICES, INC.

CONSOLIDATED BALANCE SHEETS

 (in millions, except per share amounts)

March 31,

December 31,

2026

2025

(Unaudited)

ASSETS

Current assets:

Cash and cash equivalents

$           118

$            76

Accounts receivable, less allowance for doubtful accounts and other of $60 and $66, respectively

1,917

1,897

Prepaid expenses and other current assets

475

550

Total current assets

2,510

2,523

Restricted cash and marketable securities

292

259

Property and equipment, net

12,695

12,639

Goodwill

16,926

16,715

Other intangible assets, net

647

655

Other assets

1,530

1,575

Total assets

$       34,600

$       34,366

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:

Accounts payable

$         1,196

$         1,374

Notes payable and current maturities of long-term debt

547

596

Deferred revenue

480

496

Accrued landfill and environmental costs, current portion

159

148

Accrued interest

122

109

Other accrued liabilities

1,236

1,205

Total current liabilities

3,740

3,928

Long-term debt, net of current maturities

13,317

12,985

Accrued landfill and environmental costs, net of current portion

2,620

2,608

Deferred income taxes and other long-term tax liabilities, net

1,936

1,884

Insurance reserves, net of current portion

454

436

Other long-term liabilities

552

556

Commitments and contingencies

Stockholders' equity:

Preferred stock, par value $0.01 per share; 50 shares authorized; none issued

—

—

Common stock, par value $0.01 per share; 750 shares authorized; 314 and 313 issued including shares held in treasury, respectively

3

3

Additional paid-in capital

1,851

1,833

Retained earnings

11,493

11,161

Treasury stock, at cost; 6 and 5 shares, respectively

(1,336)

(1,000)

Accumulated other comprehensive loss, net of tax

(31)

(29)

Total Republic Services, Inc. stockholders' equity

11,980

11,968

Non-controlling interests in consolidated subsidiary

1

1

Total stockholders' equity

11,981

11,969

Total liabilities and stockholders' equity

$       34,600

$       34,366

REPUBLIC SERVICES, INC.

UNAUDITED CONSOLIDATED STATEMENTS OF INCOME

 (in millions, except per share data)

Three Months Ended March 31,

2026

2025

Revenue

$            4,113

$            4,009

Expenses:

Cost of operations

2,366

2,314

Depreciation, depletion and amortization

461

434

Accretion

30

28

Selling, general and administrative

425

427

Restructuring charges

2

4

Gain on business divestitures and impairments, net

(1)

(2)

Operating income

830

804

Interest expense

(151)

(140)

Loss from unconsolidated equity method investments

(52)

(12)

Interest income

2

2

Other income, net

27

11

Income before income taxes

656

665

Provision for income taxes

131

170

Net income

525

495

Net income attributable to non-controlling interests in consolidated subsidiary

—

—

Net income attributable to Republic Services, Inc.

$              525

$              495

Basic earnings per share attributable to Republic Services, Inc. stockholders:

Basic earnings per share

$             1.70

$             1.58

Weighted average common shares outstanding

309.1

313.0

Diluted earnings per share attributable to Republic Services, Inc. stockholders:

Diluted earnings per share

$             1.70

$             1.58

Weighted average common and common equivalent shares outstanding

309.3

313.3

Cash dividends per common share

$            0.625

$            0.580

REPUBLIC SERVICES, INC.

UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS

 (in millions)

Three Months Ended March 31,

2026

2025

Cash provided by operating activities:

Net income

$             525

$             495

Adjustments to reconcile net income to cash provided by operating activities:

Depreciation, depletion, amortization and accretion

491

462

Non-cash interest expense

21

18

Deferred tax provision

33

1

Loss from unconsolidated equity method investments

52

12

Other non-cash items

22

18

Change in assets and liabilities, net of effects from business acquisitions and divestitures:

Accounts receivable

(25)

(18)

Prepaid expenses and other assets

49

90

Accounts payable

49

(42)

Capping, closure and post-closure expenditures

(9)

(8)

Remediation expenditures

(11)

(9)

Other liabilities

30

6

Cash provided by operating activities

1,227

1,025

Cash used in investing activities:

Purchases of property and equipment

(476)

(459)

Proceeds from sales of property and equipment

3

3

Cash used in acquisitions and investments, net of cash and restricted cash acquired

(437)

(834)

Cash received from business divestitures

1

3

Other

(1)

(1)

Cash used in investing activities

(910)

(1,288)

Cash (used in) provided by financing activities:

Proceeds from credit facilities and notes payable, net of fees

15,310

11,372

Proceeds from issuance of senior notes, net of discount and fees

—

1,186

Payments of credit facilities and notes payable

(15,035)

(12,018)

Issuances of common stock, net

(14)

(19)

Purchases of common stock for treasury

(292)

(55)

Cash dividends paid

(193)

(181)

Contingent consideration payments

(14)

(1)

Cash (used in) provided by financing activities

(238)

284

Effect of foreign exchange rate changes on cash

(1)

—

Increase in cash, cash equivalents, restricted cash and restricted cash equivalents

78

21

Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of period

249

203

Cash, cash equivalents, restricted cash and restricted cash equivalents at end of period

$             327

$             224

You should read the following information in conjunction with our audited consolidated financial statements and notes thereto appearing in our Annual Report on Form 10-K as of and for the year ended December 31, 2025. All amounts below are in millions and as a percentage of our revenue, except per share data.

REVENUE

The following table reflects our total revenue by line of business for the three months ended March 31, 2026 and 2025:

Three Months Ended March 31,

2026

2025

Collection:

Residential

$   747

18.2 %

$   743

18.6 %

Small-container

1,306

31.8

1,243

31.0

Large-container

768

18.7

739

18.4

Other

17

0.4

18

0.4

Total collection

2,838

69.1

2,743

68.4

Transfer

440

424

Less: intercompany

(240)

(236)

Transfer, net

200

4.9

188

4.7

Landfill

764

723

Less: intercompany

(311)

(302)

Landfill, net

453

11.0

421

10.5

Environmental solutions

417

466

Less: intercompany

(12)

(17)

Environmental solutions, net

405

9.8

449

11.2

Other:

Recycling processing and commodity sales

112

2.7

108

2.7

Other non-core

105

2.5

100

2.5

Total other

217

5.2

208

5.2

Total revenue

$ 4,113

100.0 %

$ 4,009

100.0 %

The following table reflects changes in components of our revenue, as a percentage of total revenue, for the three months ended March 31, 2026 and 2025:

Three Months Ended March 31,

2026

2025

Average yield

3.4 %

4.5 %

Fuel recovery fees

0.2

(0.4)

Total price

3.6

4.1

Volume

(0.8)

(1.2)

Change in workdays

—

(0.5)

Recycling processing and commodity sales

—

0.3

Environmental solutions

(1.3)

0.2

Total internal growth

1.5

2.9

Acquisitions / divestitures, net

1.1

0.9

Total

2.6 %

3.8 %

Core price

5.7 %

6.1 %

Average yield is defined as revenue growth from the change in average price per unit of service, expressed as a percentage. Core price is defined as price increases to our customers and fees, excluding fuel recovery fees, net of price decreases to retain customers. We also measure changes in core price, average yield and volume as a percentage of related-business revenue, defined as total revenue excluding recycled commodities, fuel recovery fees and environmental solutions revenue, to determine the effectiveness of our pricing and organic growth strategies. The following table reflects core price, average yield and volume as a percentage of related-business revenue for the three months ended March 31, 2026 and 2025:

Three Months Ended March 31,

2026

2025

As a % of Related Business

Core price

6.8 %

7.3 %

Average yield

4.1 %

5.4 %

Volume

(1.0) %

(1.5) %

The following table reflects changes in average yield and volume, as a percentage of related business revenue by line of business, for the three months ended March 31, 2026 and 2025:

Three Months Ended March 31,

2026

2025

Yield

Volume

Yield

Volume

Collection:

Residential

4.7 %

(5.2) %

5.5 %

(2.9) %

Small-container

4.7 %

(0.3) %

6.3 %

(1.3) %

Large-container

4.5 %

(2.5) %

5.7 %

(3.3) %

Landfill:

Municipal solid waste

4.9 %

1.4 %

6.8 %

(3.6) %

Construction and demolition waste

5.3 %

(17.8) %

4.2 %

11.0 %

Special waste

— %

9.9 %

— %

6.3 %

COST OF OPERATIONS

The following table summarizes the major components of our cost of operations for the three months ended March 31, 2026 and 2025 (in millions of dollars and as a percentage of revenue):

Three Months Ended March 31,

2026

2025

Labor and related benefits

$    831

20.2 %

$    818

20.4 %

Transfer and disposal costs

257

6.3

253

6.3

Maintenance and repairs

361

8.8

359

9.0

Transportation and subcontract costs

293

7.1

292

7.3

Fuel

124

3.0

114

2.8

Disposal fees and taxes

84

2.0

83

2.1

Landfill operating costs

92

2.2

90

2.2

Risk management

103

2.5

104

2.6

Other

221

5.4

201

5.0

Total cost of operations

$  2,366

57.5 %

$  2,314

57.7 %

These cost categories may change from time to time and may not be comparable to similarly titled categories used by other companies. As such, you should take care when comparing our cost of operations by cost component to that of other companies and of ours for prior periods.

SELLING, GENERAL AND ADMINISTRATIVE EXPENSES

The following table summarizes our selling, general and administrative expenses for the three months ended March 31, 2026 and 2025 (in millions of dollars and as a percentage of revenue):

Three Months Ended March 31,

2026

2025

Salaries and related benefits

$     301

7.3 %

$     293

7.3 %

Provision for doubtful accounts

12

0.3

10

0.3

Other

112

2.7

124

3.1

Total selling, general and administrative expenses

$     425

10.3 %

$     427

10.7 %

These cost categories may change from time to time and may not be comparable to similarly titled categories used by other companies. As such, you should take care when comparing our selling, general and administrative expenses by cost component to those of other companies and of ours for prior periods.

PERFORMANCE METRICS AND RECONCILIATIONS OF CERTAIN NON-GAAP MEASURES

The following tables calculate EBITDA, EBITDA margin, adjusted EBITDA, adjusted EBITDA margin, adjusted EBITDA and adjusted EBITDA margin by business type, adjusted pre-tax income, adjusted tax impact, adjusted net income - Republic, adjusted diluted earnings per share, and adjusted free cash flow, which are not measures determined in accordance with U.S. generally accepted accounting principles (U.S. GAAP), for the three months ended March 31, 2026 and 2025. Our definitions of the foregoing non-GAAP financial measures may not be comparable to similarly titled measures presented by other companies.

Adjusted EBITDA and Adjusted EBITDA Margin

The following table calculates adjusted EBITDA and adjusted EBITDA margin for the three months ended March 31, 2026 and 2025 (in millions of dollars and as a percentage of revenue):

Three Months Ended March 31,

2026

2025

Net income attributable to Republic Services, Inc. and net income margin

$     525

12.8 %

$     495

12.3 %

Provision for income taxes

131

170

Other income, net

(27)

(11)

Interest income

(2)

(2)

Interest expense

151

140

Depreciation, depletion and amortization

461

434

Accretion

30

28

EBITDA and EBITDA margin

$   1,269

30.9 %

$   1,254

31.3 %

Loss from unconsolidated equity method investments

52

12

Restructuring charges

2

4

Gain on business divestitures and impairments, net

(1)

(2)

Total adjustments

53

14

Adjusted EBITDA and adjusted EBITDA margin

$   1,322

32.1 %

$   1,268

31.6 %

Adjusted EBITDA and Adjusted EBITDA Margin by Business Type

The following table summarizes revenue, adjusted EBITDA and adjusted EBITDA margin by business type for the three months ended March 31, 2026 and 2025 (in millions of dollars and adjusted EBITDA margin as a percentage of revenue):

Three Months Ended March 31, 2026

Three Months Ended March 31, 2025

Recycling &
Waste(b)

Environmental
Solutions(b)

Total

Recycling &
Waste

Environmental
Solutions(b)

Total

Revenue

$      3,708

$         405

$      4,113

$      3,560

$         449

$      4,009

Adjusted EBITDA(a)

$      1,244

$           78

$      1,322

$      1,175

$           93

$      1,268

Adjusted EBITDA Margin

33.6 %

19.2 %

32.1 %

33.0 %

20.8 %

31.6 %

(a) Certain corporate expenses, including selling, general and administrative expenses, and National Accounts revenue are allocated to the two business types.

(b) Adjusted EBITDA Margin does not calculate due to rounding.

The amounts shown for Recycling & Waste represent the sum of our Group 1 and Group 2 reportable segments, and Environmental Solutions represents our Group 3 reportable segment.

Adjusted Diluted Earnings Per Share

The following table calculates adjusted pre-tax income, adjusted tax impact, adjusted net income - Republic, and adjusted diluted earnings per share for the three months ended March 31, 2026 and 2025 (in millions of dollars except per share data):

Three Months Ended March 31, 2026

Three Months Ended March 31, 2025

Diluted

Diluted

Net

Earnings

Net

Earnings

Pre-tax

Tax

Income -

per

Pre-tax

Tax

Income -

per

Income

Impact(1)

Republic

Share

Income

Impact(1)

Republic

Share

As reported

$   656

$     131

$    525

$   1.70

$   665

$     170

$    495

$   1.58

Restructuring charges(2)

2

—

2

—

4

1

3

0.01

Gain on business divestitures and impairments, net(2)

(1)

—

(1)

—

(2)

—

(2)

(0.01)

Total adjustments

1

—

1

—

2

1

1

—

As adjusted

$   657

$     131

$    526

$   1.70

$   667

$     171

$    496

$   1.58

(1)

The income tax effect related to our adjustments includes both current and deferred income tax impact and is individually calculated based on the statutory rates applicable to each adjustment.

(2)

The aggregate impact to adjusted diluted earnings per share totals to less than $0.01 for the three months ended March 31, 2026.

We believe that presenting EBITDA and EBITDA margin is useful to investors because they provide important information concerning our operating performance exclusive of certain non-cash and other costs. EBITDA and EBITDA margin demonstrate our ability to execute our financial strategy, which includes reinvesting in existing capital assets to ensure a high level of customer service, investing in capital assets to facilitate growth in our customer base and services provided, maintaining our investment grade credit ratings and minimizing debt, paying cash dividends, repurchasing our common stock, and maintaining and improving our market position through business optimization. Although depreciation, depletion, amortization and accretion are considered operating costs in accordance with U.S. GAAP, they represent the allocation of non-cash costs generally associated with long-lived assets acquired or constructed in prior years.

We believe that presenting adjusted EBITDA and adjusted EBITDA margin, adjusted EBITDA margin by business type, adjusted pre-tax income, adjusted tax impact, adjusted net income - Republic, and adjusted diluted earnings per share provide an understanding of operational activities before the financial impact of certain items. We use these measures, and believe investors will find them 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.

Restructuring charges. During the three months ended March 31, 2026 and 2025, we incurred restructuring charges of $2 million and $4 million, respectively. The charges related to the design and implementation of our new accounts receivable system.

Gain on business divestitures and impairments, net. During the three months ended March 31, 2026 and 2025, we recorded a net gain on business divestitures and impairments of $1 million and $2 million, respectively.

Adjusted Free Cash Flow

The following table calculates our adjusted free cash flow, which is not a measure determined in accordance with U.S. GAAP, for the three months ended March 31, 2026 and 2025 (in millions of dollars):

Three Months Ended March 31,

2026

2025

Cash provided by operating activities

$          1,227

$          1,025

Property and equipment received

(249)

(304)

Proceeds from sales of property and equipment

3

3

Restructuring payments, net of tax

3

3

Adjusted free cash flow

$            984

$            727

We believe that presenting adjusted free cash flow 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 material limitations. Adjusted free cash flow does not represent our cash flow available for discretionary payments because it excludes certain payments that are required or to which we have committed, such as debt service requirements and dividend payments.

Purchases of property and equipment as reflected on our consolidated statements of cash flows represent amounts paid during the period for such expenditures. A reconciliation of property and equipment expenditures reflected on our consolidated statements of cash flows to property and equipment received during the period follows for the three months ended March 31, 2026 and 2025 (in millions of dollars):

Three Months Ended March 31,

2026

2025

Purchases of property and equipment per the unaudited consolidated statements of cash flows

$            476

$            459

Adjustments for property and equipment received in a different period

(227)

(155)

Property and equipment received during the period

$            249

$            304

The adjustments noted above do not affect our net change in cash, cash equivalents, restricted cash and restricted cash equivalents as reflected in our consolidated statements of cash flows.

ACCOUNTS RECEIVABLE

As of March 31, 2026 and December 31, 2025, accounts receivable were $1,917 million and $1,897 million, net of allowance for doubtful accounts of $60 million and $66 million, respectively, resulting in days sales outstanding of 42.4, or 31.8 days net of deferred revenue, compared to 41.8, or 30.8 days net of deferred revenue, respectively.

CASH DIVIDENDS

In January 2026, we paid a cash dividend of $193 million to shareholders of record as of January 2, 2026. As of March 31, 2026, we recorded a quarterly dividend payable of $192 million to shareholders of record at the close of business on April 2, 2026, which was paid on April 15, 2026.

SHARE REPURCHASE PROGRAM

During the three months ended March 31, 2026, we repurchased 1.4 million shares of our common stock for $314 million at a weighted average cost per share of $218.29. As of March 31, 2026, the remaining authorized purchase capacity under our October 2023 repurchase program was approximately $1.3 billion.

INFORMATION REGARDING FORWARD-LOOKING STATEMENTS

This press release contains certain forward-looking information about us that is intended to be covered by the safe harbor for "forward-looking statements" provided by the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts. Words such as "guidance," "expect," "will," "may," "anticipate," "plan," "estimate," "project," "intend," "should," "can," "likely," "could," "outlook" and similar expressions are intended to identify forward-looking statements. These statements include information about our plans, strategies, and expectations of future financial performance and prospects. Forward-looking statements are not guarantees of performance. These statements are based upon the current beliefs and expectations of our management and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, such expectations may not prove to be correct. Among the factors that could cause actual results to differ materially from the expectations expressed in the forward-looking statements are the impacts of the overall global economy and changing interest rates, impacts from international trade restrictions and tariffs, our ability to effectively integrate and manage companies we acquire, and to realize the anticipated benefits of any such acquisitions, the impact of prolonged work stoppages or other labor disruptions, the amount of the financial contribution of our sustainability initiatives, acts of war, riots or terrorism, and the impact of these acts on economic, financial and social conditions in the United States and Canada, as well as our dependence on large, long-term collection, transfer and disposal contracts. More information on factors that could cause actual results or events to differ materially from those anticipated is included from time to time in our reports filed with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2025, particularly under Part I, Item 1A – Risk Factors. Additionally, new risk factors emerge from time to time and it is not possible for us to predict all such risk factors, or to assess the impact such risk factors might have on our business. We undertake no obligation to update publicly any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

SOURCE Republic Services, Inc.

Republic Services, Inc. (RSG) Q1 2026 Earnings Call Transcript

Explore the exciting world of Republic Services (RSG +0.89%) with our contributing expert analysts in this Motley Fool Scoreboard episode. Check out the video below to gain valuable insights into market trends and potential investment opportunities!
*Stock prices used were the prices of March 11, 2026. The video was published on May 4, 2026.

Anand Chokkavelu has no position in any of the stocks mentioned. Jason Hall has no position in any of the stocks mentioned. Tyler Crowe has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

TORONTO, ON / ACCESS Newswire / May 19, 2026 / Rocky Shore Gold Ltd. ("Rocky Shore" or the "Company") (CSE:RSG)(OTCQB:RSGLF) is pleased to announce that it has filed the NI 43-101 Technical Report (the "Report") supporting the Mineral Resource Estimates for the Mosquito Hill and Reid Gold Deposits at the Company's Gold Anchor Project.

The Report is titled "National Instrument 43-101 Technical Report and Mineral Resource Estimates for the Mosquito Hill and Reid Gold Deposits, Gold Anchor Project, Grand Falls-Windsor, Newfoundland, Canada." The Report was prepared by Scott Jobin-Bevans, P.Geo., and Curtis Ferron, P.Geo., of Caracle Creek International Consulting Inc. ("Caracle Creek") based in Sudbury, Ontario, Canada. The Report was independently prepared by Caracle Creek on behalf of the Company in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") and is effective as of March 15, 2026.

Table 1: Summary of the Two Pit-Constrained Mineral Resource Estimates, Gold Anchor Project.

Deposit
Name

Deposit
Type

Resource
Category

Tonnage
(t)

Grade
(g/t Au)

Contained
Metal (oz Au)

Mosquito Hill

Open Pit

Indicated

13,127,800

0.46

194,853

Mosquito Hill

Open Pit

Inferred

39,436,600

0.42

533,867

Reid

Open Pit

Indicated

5,380,200

0.52

90,072

Reid

Open Pit

Inferred

5,990,600

0.46

89,218

Total Indicated:

18,508,000

0.48

284,925

Total Inferred:

45,427,200

0.43

623,085

Correction Notice: This news release replaces the Mineral Resource Estimate table previously disclosed in the Company's news release on April 2, 2026. The combined Total Inferred grade was incorrectly reported as 0.45 g/t Au. The correct figure, as shown in Table 1 above, is 0.43 g/t Au, being the weighted average grade derived from the tonnage and contained ounces of the Mosquito Hill and Reid Inferred Mineral Resources. The combined Total Inferred tonnage (45,427,200 t) and contained gold (623,085 oz Au) are unchanged, as are all tonnage, grade, and contained ounces figures previously reported for the Mosquito Hill and Reid Deposits individually. The Mineral Resource Estimates themselves have not changed, and the corrected combined grade is reflected in the NI 43-101 Technical Report filed concurrently with this news release.

Notes to Table 1 (applies to both MREs):

(1) Qualified Persons: Scott Jobin-Bevans (P.Geo.) and Curtis Ferron (P.Geo.) of Caracle Creek International Consulting Inc., are the Qualified Persons responsible for this Mineral Resource Estimate as defined by NI 43-101.

(2) Resource Classification: The MREs have been classified in the Indicated and Inferred mineral resource categories at the Mosquito Hill Deposit and classified in the Indicated and Inferred categories at the Reid Deposit. Presently, there are no Measured Mineral Resources at the Mosquito Hill and Reid Deposits. For the Mosquito Hill Deposit, Indicated blocks were defined by blocks within the mineralized wireframe satisfying average sample distance <75 m, a minimum of 10 contributing composite samples, slope of regression ≥0.80, and estimated in Pass 1 or Pass 2. Inferred blocks were defined by average sample distance <200 m, ≥8 composite samples, slope of regression ≥ 0.40, and estimated in Pass 1, 2, or 3. All remaining blocks within the mineralized wireframe were deemed Exploration Potential. Exploration Potential is viewed as a conceptual/geological inventory and is in accordance with the restricted-disclosure provisions under CIM 2014 standards. The Exploration Potential described herein is not a resource and has not been given gross in-situ metal values. For the Reid Deposit, Indicated blocks were defined by blocks within the mineralized wireframe satisfying average sample distance ≤ 50 m, a minimum of 10 contributing composite samples, and slope of regression > 0.85. All remaining estimated blocks within the mineralized wireframe were classified as Inferred.

(3) Reporting Cut-Off Grade: Mineral resources are reported at a cut-off grade of 0.25 g/t Au.

(4) High-Grade Capping: Gold assay values were capped at 5.0 g/t Au prior to compositing.

(5) Specific Gravity: Both deposits used an average specific gravity (SG) of 2.80 g/cm³ for bulk density conversion. The Mosquito Hill Deposit was based on 37 core measurements from the 2009 and 2010 drilling programs. SG measurements were consistent, ranging from 2.70 to 3.00 g/cm³. The Reid Deposit used 55 core measurements from the 2003, 2004, 2009, and 2010 drilling programs. SG measurements were consistent, ranging from 2.70 to 3.20 g/cm³.

(6) Open Pit Optimization: Calculation of the simulated open pit used: a maximum pit slope angle of 50 degrees, US$4,250/oz Au, gold recovery of 85%, gold selling cost of US$425, operating cost of $13.00/t, 2% NSR for Mosquito and 2.5% NSR for Reid, 5% dilution, 95% mining recovery, and 10,000 tonnes per day throughput.

(7) Block Model: The block model is orthogonal with a parent block size of 10 m × 10 m × 5 m. The model was constructed using Seequent's Leapfrog Geo/Edge software. At the Mosquito Hill Deposit 60 drill holes totalling 6,138.88 metres were used to define the MRE. At the Reid Deposit 21 drill holes totalling 3,135.67 metres were used to define the MRE.

(8) Grade Estimation: Gold grades (capped at 5.0 g/t Au) were estimated into the block model using Ordinary Kriging (OK) as the primary interpolation method. At Mosquito Hill the estimation was performed in four passes with progressively relaxed search ellipsoid dimensions. A fixed ellipsoid orientation of Dip 15° / Dip-Azimuth 190° / Pitch 100° was applied across all passes, consistent with the variogram model and deposit geometry. A maximum of 3 composites per drill hole was enforced in Passes 1 through 3. Combined with the minimum sample requirements, this implicitly guarantees that each block is informed by composites from at least 3 independent drill holes in Passes 1 and 2 (minimum 9 samples ÷ max 3 per hole), and at least 2 drill holes in Pass 3 (minimum 6 samples ÷ max 3 per hole). The drill hole limit was disabled in Pass 4; blocks estimated in Pass 4 therefore carry no minimum drill hole constraint and a single drill hole may inform the entire block estimate. ID3 and Nearest Neighbour (NN) methods were used for validation purposes. For the Reid Deposit, Gold grades (capped at 5.0 g/t Au) were estimated into the block model using Ordinary Kriging (OK) as the primary interpolation method. The estimation was performed in three passes with progressively relaxed search ellipsoid dimensions. A fixed ellipsoid orientation of Dip 22° / Dip-Azimuth 205° / Pitch 80° was applied across all passes, consistent with the variogram model and deposit geometry. A maximum of 3 composites per drill hole was enforced in Passes 1 through 3. Combined with the minimum sample requirements, this implicitly guarantees that each block is informed by composites from at least 3 independent drill holes in Passes 1 and 2 (minimum 9 samples ÷ max 3 per hole), and at least 2 drill holes in Pass 3 (minimum 6 samples ÷ max 3 per hole). Blocks within the mineralized wireframe that did not satisfy Pass 3 search criteria were not estimated. ID3 and Nearest Neighbour (NN) methods were used for validation purposes.

(9) Compositing: Assay results were composited into 5 m downhole intervals within the mineralized wireframe. Intervals shorter than 0.5 m were distributed equally between the two adjacent composites. A hard boundary constraint was applied at the wireframe; composites outside the wireframe were not used to estimate blocks within the mineralized solid.

(10) CIM Guidelines and Standards: The Mineral Resources described above have been prepared in accordance with the current CIM Definition Standards on Mineral Resources and Mineral Reserves (2014) and CIM Best Practice Guidelines (2019).

(11) Rounding: Numbers have been rounded to reflect the appropriate level of precision. Differences may occur in totals due to rounding.

(12) Mineral Resources are not Mineral Reserves: Mineral Resources are not Mineral Reserves as they have not demonstrated economic viability. The quantity and grade of reported Inferred Mineral Resources are uncertain in nature and there has been insufficient exploration to define these Inferred Mineral Resources as Indicated or Measured.

(13) Material Factors: The Qualified Persons have not identified any known legal, political, environmental, or other relevant factors that could materially affect the potential development of the mineral resources or the validity of this estimate.

The Report is available on the Company's website at www.rockyshoregold.com and on SEDAR+ (www.sedarplus.ca) under the Company's Issuer profile.

QUALIFIED PERSONS

Scott Jobin-Bevans (P.Geo. PEGNL #12354) and Curtis Ferron (P.Geo. PEGNL #12365) of Caracle Creek are the Qualified Persons as defined by NI 43-101 responsible for the Report and they are independent of Rocky Shore Gold Ltd.

The scientific and technical information in this press release was reviewed and approved by Ken Lapierre, P. Geo., President and CEO of the Company, and a Qualified Person in accordance with the Canadian regulatory requirements as set out in National Instrument 43-101. Mr. Lapierre certifies that this press release fairly and accurately represents the scientific and technical information that forms the basis for this press release.

ABOUT ROCKY SHORE GOLD LTD.

Rocky Shore Gold is a Canadian junior exploration company focussed in central Newfoundland on its 100% owned Gold Anchor Project. It is strategically located within one of Canada's most promising and underexplored gold belts. The Project is the second-largest property (greater than 1,200 square kilometres) in the emerging gold district. Rocky Shore is targeting the expansion of its bulk tonnage Mosquito Hill and Reid Gold Deposits which are related to Intrusion Related Gold Systems (IRGS). It also hosts structurally controlled high-grade gold targets along the highly prospective Appleton and JBP Faults located southwest of major gold discoveries and gold deposits.

For more information, please visit our website at www.rockyshoregold.com.

Rocky Shore would like to acknowledge the financial support for 2025 of $150,000 and approval of the 2026 Junior Exploration Assistance Program from the Department of Natural Resources, Government of Newfoundland and Labrador.

For more information, please contact:

Ken Lapierre, President & CEO
Rocky Shore Gold Ltd.
T: +1 (647) 678-3879
E: [email protected]

Cathy Hume, CEO
CHF Capital Markets
T: +1 (416) 868-1079 x 251
E: [email protected]

Forward-Looking Information

This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable Canadian and United States securities laws. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects", or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "does not anticipate", or "believes" or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur", or "be achieved". Certain information set forth in this news release may contain forward-looking information that involves substantial known and unknown risks and uncertainties, including, but not limited to the MRE, the exploration potential, the price of gold, the geology of the Project and the advancement of the Company's mineral properties. The forward-looking information is based on reasonable assumptions and estimates of the management of the Company at the time such statements were made and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including risks associated with the exploration; future commodity prices; changes in regulations; political or economic developments; environmental risks; permitting timelines; capital expenditures; technical difficulties in connection with exploration activities; employee relations; the speculative nature of mineral resource exploration including the risks of diminishing quantities of grades of mineral resources, contests over title to properties, the Company's limited operating history, future capital needs and uncertainty of additional financing, and the competitive nature of the mining industry; the need for the Company to manage its future strategic plans; global economic and financial market conditions; uninsurable risks; and changes in project parameters as plans continue to be evaluated. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Although the forward-looking information contained in this news release are based upon what management of the Company believes, or believed at the time, to be reasonable assumptions, the Company cannot assure shareholders that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward-looking information, will prove to be accurate. The Company does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking information, except as required by applicable securities law.

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Rocky Shore Gold Ltd.

On May 28, 2026, we delve into the discounted cash flow (DCF) analysis for Republic Services Inc RSG , a company currently trading at $205.60. The stock has experienced a challenging price performance, with a year-to-date decline of 2.4% and a significant drop of 18.5% over the past year.

DCF Earnings-based intrinsic value of $146.05 vs current price ($205.60), indicating a margin of safety of -40.8% DCF Free Cash Flow (FCF)-based intrinsic value of $167.31 vs current price, suggesting a fair valuation status GF Score™ of 82/100, indicating a high reliability of the DCF inputs What Is RSG Worth? DCF Earnings-Based Model The DCF earnings-based model for Republic Services Inc considers a two-stage growth approach. In the first stage, we project earnings growth over the next ten years at an annual rate of 13.7%. This growth is then discounted at a rate of 11%, which combines the risk-free rate and equity risk premium. The second stage assumes a terminal growth rate of 4% for the following ten years, also discounted at 11%.

Parameter Value Current EPS (TTM, excl. non-recurring) $7.13 10-Year Growth Rate 13.7% 10-Year Treasury Rate 4.49% Discount Rate (ceil(Treasury) + 6%) 11% Terminal Growth Rate 4% In the growth phase (Years 1-10), the EPS is expected to grow at 13.7% per year, leading to a calculated value of $81.57 per share. In the terminal phase (Years 11-20), with a 4% growth rate, the value is projected at $64.48 per share. The combined intrinsic value from both stages amounts to $146.05.

Stage Description Value Growth Stage (Years 1-10) EPS growing at 13.7%, discounted at 11% $81.57 Terminal Stage (Years 11-20) 4% terminal growth, discounted at 11% $64.48 Intrinsic Value Growth + Terminal $146.05 With the current price at $205.60, the stock appears modestly overvalued, reflecting a margin of safety of -40.8%. It is important to note that GuruFocus utilizes EPS excluding non-recurring items as research indicates stock prices correlate more closely with earnings than with free cash flow. For further details, visit the RSG DCF Calculator.

What Does the Free Cash Flow DCF Say? The free cash flow (FCF)-based intrinsic value for Republic Services Inc is calculated at $167.31. When comparing this with the earnings-based intrinsic value of $146.05, we find a divergence in valuation perspectives. The FCF model suggests that the stock is fair valued, with a margin of safety of -22.9%.

How Does GF Value™ Compare to the DCF Models? The GF Value™ for Republic Services Inc stands at $219.02, providing a third perspective on valuation. This proprietary measure is calculated based on historical trading multiples, past business growth, and future performance estimates. The three models present a mixed consensus, with the DCF earnings model indicating overvaluation, the FCF model suggesting fair valuation, and the GF Value™ indicating undervaluation. For more information, visit the GF Value™ page.

What Does RSG's GF Score™ Tell Us? The GF Score™ ranks stocks from 0 to 100 based on five key aspects: Financial Strength, Profitability, Growth, Valuation, and Momentum. Stocks with higher GF Score™ values have been found to generate higher long-term returns (backtested 2006-2021).

Metric Rating GF Score™ 82/100 Financial Strength 4/10 Profitability 9/10 Growth 9/10 Valuation 9/10 Momentum 2/10 With a predictability rank of 0/5 stars, it indicates that the DCF model may be less reliable for this stock. For more insights, visit the RSG stock page.

Key Assumptions and Limitations It is crucial to note that DCF models are highly sensitive to growth rate and discount rate assumptions. Stocks with low predictability ratings, such as Republic Services Inc, tend to produce less reliable DCF estimates. The terminal growth rate of 4% is a simplifying assumption that may not reflect future economic conditions accurately.

What This Means for Investors In synthesizing the three valuation models—DCF earnings, DCF FCF, and GF Value™—the consensus indicates that Republic Services Inc is currently overvalued based on the earnings-based DCF model, fair valued according to the FCF model, and undervalued according to GF Value™. Overall, investors should proceed with caution. For the full DCF analysis, visit the RSG DCF Calculator. You can also explore the GF Value™ page, or use the GuruFocus Stock Screener to find undervalued predictable companies.

Frequently Asked Questions What is RSG's intrinsic value based on DCF?

Answer: earnings-based $146.05, FCF-based $167.31

Is RSG overvalued or undervalued?

Answer: The DCF earnings model suggests overvalued, while the FCF model indicates fair valued, and GF Value™ suggests undervalued.

How reliable is the DCF model for RSG?

Answer: The predictability rank is 0/5, indicating less reliability for the DCF model.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

On June 03, 2026, we present a DCF analysis for Republic Services Inc RSG , a company currently facing a challenging price performance context, with a year-to-date decline of 4.3% and a significant 21.0% drop over the past year. Below are key highlights from our analysis:

DCF Earnings-based intrinsic value of $146.05 vs current price of $201.67 (margin of safety: -38.1%) DCF Free Cash Flow (FCF)-based intrinsic value of $167.31 vs current price (second opinion) GF Score™ of 83/100, indicating a reliable assessment of the DCF inputs What Is RSG Worth? DCF Earnings-Based Model The DCF earnings-based model for Republic Services Inc RSG utilizes a two-stage growth approach. In the first stage, we project earnings growth over the next ten years at a rate of 13.7%. This growth is then discounted at a rate of 11%, which combines the risk-free rate and equity risk premium. In the second stage, we assume a terminal growth rate of 4% for the following ten years, also discounted at 11%. The following table summarizes the assumptions used in our DCF model:

Parameter Value Current EPS (TTM, excl. non-recurring) $7.13 10-Year Growth Rate 13.7% 10-Year Treasury Rate 4.48% Discount Rate (ceil(Treasury) + 6%) 11% Terminal Growth Rate 4% The calculation summary for the two-stage model is as follows:

Stage Description Value Growth Stage (Years 1-10) EPS growing at 13.7%, discounted at 11% $81.57 Terminal Stage (Years 11-20) 4% terminal growth, discounted at 11% $64.48 Intrinsic Value Growth + Terminal $146.05 With the current price at $201.67, the intrinsic value of $146.05 indicates that the stock is modestly overvalued, with a margin of safety of -38.1%. It is important to note that GuruFocus uses EPS without non-recurring items, as research shows that stock prices correlate more closely with earnings than free cash flow. For further details, you can visit the RSG DCF Calculator.

What Does the Free Cash Flow DCF Say? The Free Cash Flow (FCF)-based intrinsic value for Republic Services Inc is calculated at $167.31. When comparing this to the earnings-based intrinsic value of $146.05, we find that the two models provide differing perspectives. The FCF model suggests that the stock is fair valued, with a margin of safety of -20.5%, indicating that it is closer to its intrinsic value than the earnings-based model suggests.

How Does GF Value™ Compare to the DCF Models? The GF Value™ of Republic Services Inc is calculated at $219.27, providing a third perspective on the valuation. GF Value™ is GuruFocus' proprietary measure derived from historical trading multiples, past business growth, and future performance estimates. While the DCF earnings model indicates that the stock is overvalued, the FCF model suggests it is fair valued, and the GF Value™ indicates it is undervalued. This divergence highlights the importance of considering multiple valuation methods. For more information, visit the GF Value™ page.

What Does RSG's GF Score™ Tell Us? The GF Score™ ranks stocks from 0 to 100 based on five key aspects: Financial Strength, Profitability, Growth, Valuation, and Momentum. Stocks with higher GF Score™ values have been found to generate higher long-term returns based on backtested data from 2006 to 2021. The following table summarizes RSG's GF Score™ metrics:

Metric Rating GF Score™ 83/100 Financial Strength 4/10 Profitability 9/10 Growth 9/10 Valuation 10/10 Momentum 2/10 With a predictability rank of 0/5 stars, it is important to note that higher predictability ratings typically result in more reliable DCF estimates. For further insights, visit the RSG stock page.

Key Assumptions and Limitations It is crucial to recognize that DCF models are highly sensitive to the assumptions made regarding growth rates and discount rates. Stocks with low predictability ratings, such as RSG, tend to produce less reliable DCF estimates. Additionally, the terminal growth rate of 4% is a simplifying assumption that may not reflect future market conditions accurately.

What This Means for Investors In synthesizing the three valuation models—DCF earnings, DCF FCF, and GF Value™—we find that there is a consensus that Republic Services Inc is currently overvalued based on the DCF earnings model, fair valued according to the FCF model, and undervalued based on the GF Value™. This mixed outlook suggests that investors should exercise caution. For the full DCF analysis, visit the RSG DCF Calculator. You can also explore the GF Value™ page, or use the GuruFocus Stock Screener to find undervalued predictable companies.

Frequently Asked Questions What is RSG's intrinsic value based on DCF?

Answer: earnings-based $146.05, FCF-based $167.31

Is RSG overvalued or undervalued?

Answer: The DCF earnings model indicates overvaluation, while the FCF model suggests fair valuation, and GF Value™ indicates undervaluation.

How reliable is the DCF model for RSG?

Answer: The predictability rank is 0/5, indicating lower reliability for the DCF model.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Key Takeaways RSG is benefiting from North American waste market growth and rising commercial waste volumes.RSG is using AI pricing tools and its RISE platform to boost efficiency and customer retention.Republic Services invested more than $433M in Q1 2026 acquisitions and expects 2026 deal spending above $1B. Shares of Republic Services, Inc. (RSG - Free Report) have had a decent run over the past month. The stock has risen 4.1% against the industry's 0.7% decline. The Zacks S&P 500 Composite gained 1.6% during the said time frame.

RSG has a Growth Score of B. This style score condenses key financial metrics to reflect a fair sense of the quality and sustainability of its growth.

The company’s second-quarter 2026 earnings are expected to increase 2.3% year over year. Earnings for 2026 and 2027 are projected to rise 3.7% and 10.4%, respectively, year over year. Revenues are expected to increase 3.7% in 2026 and 5.6% in 2027.

Factors That Bode Well for RSGRSG is benefiting from the expanding North American solid waste management market. The surge in the urban population across the United States and Canada is expected to boost solid waste production. Moreover, the rapid adoption of zero-waste initiatives and industrial growth across the region is driving demand for commercial and industrial waste solutions.

The company is improving pricing, customer service and operational efficiency by accelerating its digital transformation efforts through artificial intelligence and advanced technology initiatives. RSG is deploying AI-powered predictive pricing tools to optimize pricing decisions across different markets, while supporting customer retention and reducing attrition. The company is also enhancing its RISE digital platform, a cloud-native outing and logistics solution, to improve safety, service quality and route efficiency.

RSG pursues strategic acquisitions to strengthen its market position and expand service capabilities. It invested more than $433 million in acquisitions during the first quarter of 2026. Management expects acquisition spending to exceed $1 billion during 2026 for opportunities in the recycling and waste business, as well as the Environmental Solutions segment.

Republic Services consistently rewards its shareholders through dividend payments and share repurchases. In 2022, 2023, 2024 and 2025, the company paid $592.9 million, $650 million, $687 million and $738 million in dividends, while repurchasing shares worth $203.5 million, $261.8 million, $482 million and $870 million, respectively. These shareholder-friendly policies enhance shareholder value and make the stock attractive to investors.

Key Risks to WatchRSG faces stiff competition from large national waste management companies, multiple municipalities and several other regional and smaller companies in the solid waste industry. This puts pressure on the company to continually innovate and differentiate its offerings while maintaining cost efficiency. Therefore, the need to invest in technology and talent to maintain a competitive edge increases the challenge of balancing growth and profitability.

Republic Services' current ratio (a measure of liquidity) at the end of the first quarter of 2025 was 0.67, lower than the industry average of 1.08. A current ratio of less than 1 implies that the company might face trouble in covering its short-term obligations. 

RSG’s Zacks Rank & Stocks to ConsiderRepublic Services currently carries a Zacks Rank #3 (Hold). 

A couple of better-ranked stocks in the Business Services sector are Trane Technologies plc (TT - Free Report) and TransUnion (TRU - Free Report) .

Trane Technologies carries a Zacks Rank #2 (Buy) at present. It has a long-term earnings growth expectation of 14.6%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

TT delivered a trailing four-quarter earnings surprise of 2.7%, on average.

TransUnion also holds a Zacks Rank of 2 at present. It has a long-term earnings growth expectation of 13.5%.

TRU beat earnings estimates in each of the last four quarters, with an average earnings surprise of 6.3%.