QUOTE AND NEWS
Benzinga  Apr 17  Comment 
In a report published Thursday, Credit Suisse analyst Hamzah Mazari downgraded the Environmental Services space from Market Weight to Underweight. Mazari expects waste pricing levels to fall below three percent due to higher inflation and...
Benzinga  Apr 7  Comment 
Below are the waste management stocks on the NYSE in terms of revenue. The trailing-twelve-month revenue at Veolia Environnement SA (NYSE: VE) is $28.89 billion. Veolia Environnement's ROE for the same period is 1.22%. The...
SeekingAlpha  Mar 25  Comment 
By Valuentum: We were reminded recently of how Warren Buffett allocated a total of $100 million in roughly 20-25 Korean companies in 2004 by simply leafing through a reference book that dedicated a single page to each listed company -- a book...
Biomass Magazine  Mar 21  Comment 
Lockhart Power Co. and Pacolet Milliken Enterprises Inc. have announced plans to develop a landfill gas-to-power renewable energy facility at the Republic Services Inc.'s Upstate Regional Landfill near Cross Anchor in Union County, S.C.
Benzinga  Feb 26  Comment 
Below are the top waste management stocks on the NYSE in terms of dividend yield. Veolia Environnement SA (NYSE: VE) has a dividend yield of 4.40%. Veolia Environnement's shares closed at $17.68 yesterday. Covanta Holding (NYSE: CVA) has a...
TheStreet.com  Feb 7  Comment 
NEW YORK (TheStreet) -- Republic Services was gaining 5.9% to $33.76 Friday after its quarterly earnings report beat analyst estimates for earnings and revenue. For the fourth quarter Republic Services posted earnings of 53 cents a share....
SeekingAlpha  Feb 7  Comment 
Republic Services, Inc. (RSG) Q4 2013 Results Earnings Call February 06, 2014, 05:00 PM ET Executives Edward A. Lang - Senior Vice President of Treasury and Risk Management Donald W. Slager - President and Chief Executive Officer ...
StreetInsider.com  Feb 6  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Earnings/Republic+Services%2C+Inc.+%28RSG%29+Tops+Q4+EPS+by+7c%3B+Guides+In-line/9136307.html for the full story.
Forbes  Feb 6  Comment 
Analysts expect higher profit for Republic Services when the company reports its fourth quarter results on Thursday, February 6, 2014. The consensus estimate is calling for profit of 46 cents a share, reflecting a rise from 37 cents per share a...




 

Company Overview

Republic Services (NYSE: RSG) is the second trash company in the United States. Like its major competitor, Waste Management (WMI), Republic serves its customers by collecting, transferring, and disposing of waste in both Republic-owned and third-party landfills. Although Republic operates fewer landfills than its competitors, the company focuses on markets with high population growth and has success in establishing trash collection and disposal monopolies in many of its key markets.[1]

Republic Services provides non-hazardous solid waste collection services for commercial, industrial, municipal and residential customers through 376 collection companies in 40 states and Puerto Rico.[2] The Company owns or operates 223 transfer stations, 192 active solid waste landfills and 78 recycling facilities.[2] It also operates 74 landfill gas and renewable energy projects.[2]


Collection Services (76% of 2009 revenue)[2]

Within the collection line of business, 35% of Republic's revenue is from services provided to municipal and residential customers, 40% is from services provided to commercial customers, and 25% is from services provided to industrial and other customers. The Company’s residential collection operations involve the curbside collection of refuse from small containers into collection vehicles for transport to transfer stations or directly to landfills. Residential solid waste collection services are performed under contracts with municipalities. These contracts or franchises usually range in duration from one to five years, although some of its franchises are for significantly longer periods. Residential solid waste collection services may also be performed on a subscription basis, in which individual households contract directly with the company.

In its commercial and industrial collection operations, Republic supplies its customers with waste containers of varying sizes. It also rents compactors to waste generators. Commercial collection services are performed under one- to three-year service agreements, and fees are determined by considerations, such as market factors, collection frequency, type of equipment furnished, the type and volume or weight of the waste collected, transportation costs, the distance to the disposal facility, and the cost of disposal. Republic also provides waste collection services to industrial and construction facilities on a contractual basis with terms ranging from a single pickup to one year or longer. The Company’s construction services are provided to the commercial construction and home building sectors. The company collects the containers or compacted waste and transport the waste either to a landfill or a transfer station for disposal.

Republic also provides recycling services in certain markets in compliance with local laws or the terms of its franchise agreements. These services include the curbside collection of residential recyclable waste and the provision of a variety of recycling services to commercial and industrial customers.

Transfer and Disposal Services (18.9% of 2009 revenue)[2]

Republic Services deposits waste at its transfer stations, as do other private haulers and municipal haulers, for compacting and transfer to trailers for transport to disposal sites or recycling facilities. As of December 31, 2009, Republic owned or operated 192 active landfills, which had approximately 35,000 permitted acres and total available permitted and probable expansion disposal capacity of approximately 4.6 billion in-place cubic yards. Some of its landfills accept non-hazardous special waste, including utility ash, asbestos and contaminated soils.

Recycling Facilities and Other Services

Republic owns or operates 78 materials recovery facilities and other recycling operations. These facilities sort recyclable paper, aluminum, glass and other materials. Most of these recyclable materials are internally collected by its residential collection operations. In some areas, the Company receives commercial and industrial solid waste that is sorted at its facilities into recyclable materials and non-recyclable waste. The recyclable materials are salvaged, repackaged and sold to third parties, and the non-recyclable waste is disposed of at landfills or incinerators.

Competition

Republic Services is the second largest waste management company in the United States (based on revenue). Its main corporate competitor is Waste Management (WMI). Additional smaller competitors exist in individual markets, such as Waste Connections in the Southern and Western United States.

Waste Management (WM) (SUCKS BALLS)offers a broader range of services and products including: hazardous waste landfills and disposal, renewable energy harvested from its landfills (natural gas), and other alternative energy options[3].

Because Republic operates the fewest landfills, it must pay significant fees for its collection companies to dispose of waste in third-party landfills.

Waste Management (WM)[4] Republic Services (RSG)[5]
Collection Companies 413 135
Active Landfills 283 59
Transfer Stations 370 93
Recycling Facilities 131 33
2009 Revenue ($ mil) $11,920 $8,100



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