By Amira McKee
Republic Services recorded a higher fourth-quarter net income as revenue from its recycling and waste business climbed.
The waste management company logged fourth-quarter net income of $545 million, or $1.76 a share, compared with a net income of $512 million, or $1.63 a share, a year earlier.
Adjusted earnings came in at $1.76. Analysts polled by FactSet were looking for $1.62 a share.
Revenue grew 2.2% to $4.14 billion, missing Wall Street's forecast of $4.21 billion, according to FactSet.
The top-line gains were driven by 2.9% organic growth in the company's recycling and waste business, despite a 2% decline in its environmental solutions business. Republic Services also logged 1.3% revenue growth from acquisitions.
In 2024, the company said its environmental solutions revenue included approximately $50 million from a non-recurring emergency response project.
Chief Executive Jon Vander Ark said the company anticipates profitable growth in 2026, as the macro environment remains dynamic.
Republic Services guided for full-year adjusted earnings per share of $7.20 to $7.28 and revenue of $17.05 billion to $17.15 billion in 2026. Wall Street anticipates adjusted earnings of $7.30 a share on revenue of $17.31 billion for this year.
"Our outlook is supported by continued pricing in excess of cost inflation, steady productivity gains from our digital tools, and ongoing investments in strategic acquisitions - all of which position us well to drive long-term value," Vander Ark said.
Write to Amira McKee at amira.mckee@wsj.com
(END) Dow Jones Newswires
February 17, 2026 17:08 ET (22:08 GMT)
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