Republic Services, Inc. (NYSE:RSG) Files An 8-K Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition
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Item 9.01 Financial Statements and Exhibits
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EX-99.1
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issued a press release containing information about the Companys
financial results for the three months and year ended December
31, 2016. A copy of this press release is incorporated herein by
reference as Exhibit 99.1. The attached earnings press release
contains information about the Company’s full-year 2017
guidance.
not assume any significant changes in the overall economy in
2017.
$2.29 to $2.33 and adjusted diluted earnings per share is
expected to be in a range of $2.32 to $2.36, both of which
assume an effective tax rate of 39.5 percent. Adjusted diluted
earnings per share excludes the impact of restructuring
charges.
share, which excludes restructuring charges and withdrawal costs
– multiemployer pension funds, provides an understanding of
operational activities before the financial impact of certain
items. We use this measure, and believe investors will find it
helpful, in understanding the ongoing performance of our
operations separate from items that have a disproportionate
impact on our results for a particular period. We have incurred
comparable charges and costs in prior periods, and similar types
of adjustments can reasonably be expected to be recorded in
future periods. Our definition of adjusted diluted earnings per
share may not be comparable to similarly titled measures
presented by other companies.
in a range of $1,836 million and $1,861 million. Adjusted free
cash flow for 2017 is expected to be in a range of $875 million
to $900 million. Adjusted free cash flow consists of cash
provided by operating activities, less property and equipment
received of $990 million, plus proceeds from the sale of property
and equipment of $15 million and is exclusive of cash paid for
restructuring activities of $14 million, net of tax.
provides useful information regarding our recurring cash provided
by operating activities after certain expenditures. 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 expenditures because it excludes certain
expenditures that are required or to which we have committed,
such as debt service requirements and dividend payments. Our
definition of adjusted free cash flow guidance may not be
comparable to similarly titled measures presented by other
companies.
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Exhibit No.
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Description
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99.1
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Press release of Republic Services, Inc. issued
February 16, 2017 to announce the financial results for the three months and year ended December 31, 2016. |
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About Republic Services, Inc. (NYSE:RSG)
Republic Services, Inc. is a provider of non-hazardous solid waste collection, transfer, disposal, recycling and energy services in the United States. The Company operates through three segments: East, Central and West. The Company operates in over 40 states and Puerto Rico through approximately 340 collection operations, over 200 transfer stations, over 190 active landfills, approximately 70 recycling centers, approximately 10 treatment, recovery and disposal facilities, and over 10 salt water disposal wells. It also operates approximately 70 landfill gas and renewable energy projects. It has post-closure responsibility for approximately 130 closed landfills. The Company provides residential, small-container commercial and large-container industrial solid waste collection services. Its residential collection business involves the curbside collection of waste for transport to transfer stations, or directly to landfills or recycling centers. Republic Services, Inc. (NYSE:RSG) Recent Trading Information
Republic Services, Inc. (NYSE:RSG) closed its last trading session down -0.06 at 59.05 with 1,923,111 shares trading hands.
