Republic Services, Inc. RSG reported impressive second-quarter 2022 results, with earnings and revenues surpassing the Zacks Consensus Estimate.Adjusted earnings (excluding 15 cents from non-recurring items) per share of $1.32 outpaced the consensus mark by 11.9% and improved 21.1% year over year. Republic Services' average recycled-commodity price per ton sold in the first quarter was $218, down $17 on a sequential basis but up $48 year over year.So far this year, shares of Republic Services have gained 19.6% against a 6.9% decline of the industry it belongs to.Image Source: Zacks Investment ResearchRevenuesQuarterly revenues of $3.41 billion surpassed the consensus estimate by 2.5% and increased 21.4% year over year. RSG’s top line includes a favorable impact of 11.1% from internal growth and 10.3% from acquisitions/divestitures.Republic Services, Inc. Price, Consensus and EPS Surprise Republic Services, Inc. price-consensus-eps-surprise-chart | Republic Services, Inc. QuoteRevenues in the Collection segment totaled $2.33 billion, up 13.1% year over year. Revenues in the Transfer segment (net) amounted to $191.9 million, rising 9.3% year over year. Revenues in the Landfill segment (net) totaled $406.1 million, increasing 9.5% year over year. Environmental solutions segment’s revenues (net) of $294.3 million surged more than 100% year over year. Other segment’s revenues of $191 million increased 12.9% year over year.Operating ResultsAdjusted EBITDA margin of 27.4% declined 210 basis points (bps) from the prior-year quarter’s levels.Operating income was $589.6 million, up 13.8% from the year-ago quarter’s levels. The operating income margin declined to 17.3% from the year-ago quarter’s figure.Total selling, general and administrative expenses were $391.5 million, up 24% from the year-ago quarter’s figure.Balance Sheet and Cash FlowRepublic Services exited second-quarter 2022 with cash and cash equivalents of $119.4 million compared with $39 million at the end of the prior quarter.Long-term debt (net of current maturities) was $11.6 billion compared with $9.61 billion at the end of the prior quarter.RSG generated $857.9 million of cash from operating activities in the reported quarter. The Adjusted free cash flow was $621.1 million.In the June quarter of 2022, RSG returned $145.3 million of total cash to its shareholders (including $203.5 million of share repurchases and $145.3 million of dividends paid).During the reported quarter, RSG did not do any share repurchase. As of Jun 30, 2022, the remaining authorized purchase capacity under October 2020 repurchase program was $1.5 billion.Currently, Republic Services carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Dividend HikeRSG announced that its board approved a dividend hike of approximately 8% to 49.5 cents per share. The new dividend will be paid out on Oct 14 to its shareholders of record as of Oct 3.2022 GuidanceRSG raised its full-year adjusted EPS guidance to the $4.77-$4.80 range (prior view: $4.58-$4.65). The Zacks Consensus Estimate is pegged lower at $4.67.Full-year adjusted free cash flow guidance is expected in the range of $1,700 -$1,725 million.Recent Performances of Some Other Business Services CompaniesEquifax EFX reported mixed second-quarter 2022 results, wherein earnings beat estimates but revenues missed the same.EFX’s adjusted earnings of $2.09 per share beat the Zacks Consensus Estimate by 3% and improved 5.6% on a year-over-year basis. Revenues of $1.32 billion missed the consensus estimate marginally but improved 6.6% year over year.IQVIA Holdings IQV reported solid second-quarter 2022 results, wherein its earnings and revenues surpassed the Zacks Consensus Estimate.IQV’s adjusted earnings per share of $2.44 beat the consensus mark by 2.1% and improved 15% on a year-over-year basis. Total revenues of $3.54 billion outpaced the consensus estimate by 1.2% and increased 3% year over year.Omnicom Group OMC reported impressive second-quarter 2022 results, wherein earnings and revenues surpassed the Zacks Consensus Estimate.OMC’s earnings of $1.68 per share beat the consensus mark by 7.7% and increased 15.1% year over year, driven by a strong margin performance. Total revenues of $3.6 billion surpassed the consensus estimate by 4.4% but declined slightly year over year. Free: Top Stocks for the $30 Trillion Metaverse Boom The metaverse is a quantum leap for the internet as we currently know it - and it will make some investors rich. Just like the internet, the metaverse is expected to transform how we live, work and play. Zacks has put together a new special report to help readers like you target big profits. The Metaverse - What is it? And How to Profit with These 5 Pioneering Stocks reveals specific stocks set to skyrocket as this emerging technology develops and expands.Download Zacks’ Metaverse Report now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Omnicom Group Inc. (OMC): Free Stock Analysis Report Equifax, Inc. (EFX): Free Stock Analysis Report Republic Services, Inc. (RSG): Free Stock Analysis Report IQVIA Holdings Inc. (IQV): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research