https://www.wastebusinessjournal.com/news/wbj20111101B.htm
Republic Services, Inc. Reports Third Quarter Earnings of $0.52 Per Share
– Repurchased more than 4% of Company stock during the past twelve months
– Reaffirms EPS and free cash flow guidance
Republic’s net income for the three months ended September 30, 2011 and 2010 includes a number of charges and other expenses that impacted its results. A detail of these charges and other expenses is contained in the Reconciliation of Certain Non-GAAP Measures section of this document. Excluding these items, net income for the three months ended September 30, 2011 and 2010 would have been $198.5 million, or $0.53 per diluted share, and $172.8 million, or $0.45 per diluted share, respectively.
Excluding certain charges and other expenses recorded during 2011 and 2010 as described in the Reconciliation of Certain Non-GAAP Measures section of this document, adjusted earnings before interest, taxes, depreciation, depletion, amortization and accretion (adjusted EBITDA) for the three months ended September 30, 2011 would have been $648.7 million, or 30.7% as a percentage of revenue, compared to $634.8 million, or 30.8% as a percentage of revenue, for the comparable 2010 period.
Revenue for the three months ended September 30, 2011 increased to $2,116.2 million compared to $2,061.7 million for the same period in 2010. Core price for the three months ended September 30, 2011 increased 0.7%, fuel surcharges increased 1.2%, commodities pricing increased 1.7%, volume increased 0.3% and acquisitions / divestitures, net increased 0.1%. Partially offsetting this revenue growth of 4.0% was a decrease of 1.4% due to the end of our San Mateo County collection contract and our disposal and transportation contract with the C