Republic Services reported strong organic growth with a customer retention rate of 94%. Pricing improvements led to a 4% yield on total revenue and 4.9% yield on related revenue. Environmental Solutions faced headwinds, including softness in manufacturing activity and fewer emergency response jobs, impacting revenue. Despite the challenges, adjusted EBITDA grew by over 6%.

C&D and special waste activities drove revenue growth in the third quarter, partially offset by a decline in collection business due to softness in construction and manufacturing. Environmental Solutions faced challenges from soft manufacturing activity and lower event-driven volumes in landfills, impacting revenue. Adjusted EBITDA margin in the Recycling and Waste business expanded by 150 basis points year-over-year.

Republic Services reported progress on Polymer Centers and Blue Polymers joint venture facilities. Commercial production began at the Indianapolis Polymer Center, with more projects expected to commence operations in 2025. The company is advancing renewable natural gas projects and fleet electrification with over 137 collection vehicles in operation. Year-to-date, Republic Services has invested over $1 billion in strategic acquisitions and returned $1.13 billion to shareholders.

The company remains committed to delivering value through disciplined pricing strategies, operational execution, and effective cost management. While facing headwinds in Environmental Solutions, Republic Services sees a positive outlook for growth opportunities. The pipeline for new business is expanding, supporting continued activity in recycling, waste, and environmental solutions businesses. Adjusted EBITDA margin expanded by 80 basis points at the enterprise level.

Read more at Yahoo Finance: Republic Services (RSG) Q3 2025 Earnings Call Transcript