Republic Services Reports Q2 2026 Results, Raises Adjusted EBITDA Guidance

What Happened
Republic Services, Inc. (RSG) filed a Form 8‑K on August 6, 2026, furnishing a press release with its financial results for the three and six months ended June 30, 2026, and updated full‑year 2026 guidance. The company raised its full‑year adjusted EBITDA guidance and provided ranges for revenue, net income, EPS, cash flow and adjusted free cash flow. The press release is included as Exhibit 99.1 to the 8‑K.

Key Details

• Full‑year 2026 revenue guidance: $17,200M to $17,300M.
• Net income attributable to RSG: $2,210M to $2,220M.
• Adjusted EBITDA (raised): $5,525M to $5,550M. Components include income tax provision $530–$535M, net interest expense $605M, D,D&A & accretion $2,000–$2,010M, loss from unconsolidated investments $190M, other income $30M, and restructuring charges $20M.
• Diluted EPS: $7.18–$7.23; Adjusted diluted EPS (ex‑restructuring): $7.23–$7.28.
• Cash provided by operating activities: $4,485M to $4,560M; Adjusted free cash flow: $2,540M to $2,575M (capex $1,970M–$2,010M; proceeds from asset sales ≈ $10M; excludes ~$15M cash for restructuring, net of tax).
• Reconciliations of non‑GAAP measures to GAAP guidance appear in the press release (pages 13–14).

Why It Matters
The company’s raised adjusted EBITDA guidance signals stronger-than-expected operating performance for 2026, while maintained revenue and earnings ranges give investors updated expectations for profitability and cash generation. Guidance also includes detailed non‑GAAP metrics (adjusted EBITDA, adjusted diluted EPS, adjusted free cash flow) that management uses to assess operational performance. These are forward‑looking estimates and subject to the usual risks noted in the filing and the company’s 2025 Form 10‑K.