Republic Services, Inc. (RSG) Q2 2022 Earnings Call Transcript

For the period ending June 30, 2022

August 4, 2022 5:00 p.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Good afternoon, and welcome to the Republic Services' Second Quarter 2022 Investor Conference Call. Republic Services is traded on the New York Stock Exchange under the symbol RSG. All participants in today's call will be in a listen-only mode. After today's presentation, there will be an opportunity to ask question. Please note, this event is being recorded.

I would now like to turn the conference over to Aaron Evans, Vice President of Investor Relations.

Aaron Evans - VP of IR

I would like to welcome everyone to Republic Services' second quarter 2022 conference call. Jon Vander Ark, our CEO; and Brian DelGhiaccio, our CFO, are joining me as we discuss our performance.

I would like to take a moment to remind everyone that some of the information we discuss on today's call contains forward-looking statements, which involve risks and uncertainties and may be materially different from actual results. Our SEC filings discuss factors that could cause actual results to differ materially from expectations.

The material that we discuss today is time sensitive. If in the future, you listen to a rebroadcast or recording of this conference call, you should be sensitive to the date of the original call, which is August 4th, 2022.

Please note that this call is the property of Republic Services, Inc. Any redistribution, retransmission or rebroadcast of this call in any form without the expressed written consent of Republic Services is strictly prohibited.

I want to point out that our SEC filings; our earnings press release, which includes GAAP reconciliation tables and a discussion of business activities; along with the recording of this call, are all available on Republic's website at republicservices.com.

I want to remind you that Republic's management team routinely participates in investor conferences. When events are scheduled, the dates and times. The dates, times and presentations are posted on our website.

With that, I would like to turn the call over to Jon.

Jon Vander Ark - President and CEO

Thanks, Aaron. Good afternoon everyone, and thank you for joining us. Our second quarter results continue to demonstrate the value created by our differentiated capabilities and ability to harness the positive momentum in our business.

We delivered outsize revenue growth both organically and through acquisitions, while generating underlying margin expansion. This was achieved by pricing in excess of our internal costs inflation and continued savings from productivity initiatives. The fundamentals in our business remain strong, and we remain well-positioned to capitalize on additional growth opportunities in the marketplace.