Movement Alert｜Republic Intraday Rise 3.61% in Regular Trading, Q3 results beat expectations and full-year revenue guidance was raised

Market Focus10-31

On October 31, Republic rose 3.61% in Regular Trading, trading at $244.82, with turnover of $138 million.

The move followed the company’s latest quarterly release showing adjusted EPS of $1.94, above the $1.93 consensus, and revenue of $4.56 billion, up 8.2% year over year and ahead of the $4.42 billion market expectation.

Republic also raised full-year revenue guidance to $17.425 billion-$17.475 billion from $17.2 billion-$17.3 billion previously, above the $17.33 billion consensus. In addition, the board approved a new $5 billion share repurchase authorization effective from January 1 through December 31, 2029. Within the quarter, the environmental solutions segment delivered 21% organic revenue growth, while EBITDA margin expanded by 440 basis points to 25.4%.

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