http://www.wastebusinessjournal.com/news/wbj20111101B.htm

Republic Services, Inc. Reports Third Quarter Earnings of $0.52 Per Share

– Positive quarterly volume growth
– Repurchased more than 4% of Company stock during the past twelve months
– Reaffirms EPS and free cash flow guidance
Republic Services, Inc. (NYSE: RSG) today reported net income of $193.5 million, or $0.52 per share, for the three months ended September 30, 2011, versus $134.2 million, or $0.35 per share, for the comparable period last year.

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. Continue reading

http://www.wasterecyclingnews.com/headlines2.html?id=1266420718

Warren Buffett likes trash.

The well-known investor, whose every financial move is watched closely by Wall Street, has substantially increased his investment in Republic Services Inc., the nation´s No. 2 solid waste management company.

In a new filing with the U.S. Securities and Exchange Commission, Buffett´s Berkshire Hathaway Inc. says it held 8,290,500 shares of the company´s stock as of the end of 2009.

That compares with 3,625,000 shares at the end of last year´s third quarter.

Buffett joins billionaire buddy Bill Gates with substantial holdings in Republic Services. Gates has been a long-time investor in the company, and Buffett only started buying stock within recent months. Berkshire Hathaway, a publicly traded company, owns stock in about 40 other firms.

Contact Waste & Recycling News senior reporter Jim Johnson at 937-964-1289 or jpjohnson@crain.com