Republic Services cited improving recycling commodity markets and higher-than-expected commodity revenues as contributors to its recent performance. Other reporting said recycled commodity prices had declined slightly, but increased polymer-center volumes helped offset that pressure. Fuel recovery also improved, supporting the economics of the company’s recycling and waste operations.
Key facts
Republic Services attributed its raised guidance to improving recycling commodity markets and higher-than-expected recycling commodity revenues. source
Some coverage noted that recycled commodity prices had slightly declined despite overall improving commodity expectations. source