Republic Services Lost Volume in Q2 Earnings. Free Cash Flow Jumped 21% Anyway.

Republic Services (RSG) exceeded Q2 expectations for revenue and adjusted EPS, raising its full-year guidance despite a 1.6% drop in organic volume. The company prioritized price over volume, pruning low-return residential work and expanding margins. Free cash flow surged by 21% in Q2, and TIKR's model projects a 45% total return for the stock by 2030, driven by pricing power and strategic capital allocation.