Republic Services Q3 Revenue Rises 8.2% as Environmental Business Improves
Republic Services reported stronger third-quarter 2026 revenue, supported by collection operations, recycling sales and an improvement in its Environmental Solutions business.
MONTREAL (RecyclingMonster): Republic Services reported stronger third-quarter 2026 results, supported by higher collection revenue, improved Environmental Solutions performance and growth in recycling processing and commodity sales.
Revenue increased 8.2% year over year to $4.56 billion, while net income rose to $592 million, up approximately 7.6%. Adjusted EBITDA increased 4.7% to $1.45 billion.
Collection revenue climbed approximately 7.2%, while recycling processing and commodity sales increased about 14% to $122 million.
Environmental Solutions Revenue Rebounds
Republic's Environmental Solutions business generated $544 million in gross revenue, up $95 million from the prior year. Revenue after intercompany eliminations totaled $529 million.
The improvement reflected increased emergency response activity and stronger underlying business demand following weaker performance earlier in 2026.
Management said revised pricing efforts have helped the division regain momentum after earlier adjustments affected contract activity.
Republic Raises Full-Year 2026 Outlook
CEO Jon Vander Ark expressed confidence in continued growth, supported by industrial activity and improving Environmental Solutions performance.
Republic raised its full-year revenue guidance to $17.425 billion–$17.475 billion and adjusted EBITDA forecast to $5.55 billion–$5.575 billion.
The revised outlook reflects management's expectations and remains subject to market conditions.
RecyclingMonster Industry Edge
Recycling Revenue Improves, but Margins Remain Important: Republic's recycling processing and commodity revenue increased approximately 14%, with average recycled commodity prices reaching $142 per ton, up $16 year over year. However, the company's overall adjusted EBITDA margin eased to 31.8% from 32.8%, showing that stronger sales did not translate into higher consolidated margins.
