Tag Archives: quarter earnings

Update: Reorganization Will Save Republic More than $20M Annually

Posted on by

Article from Waste & Recycling News
By Jim Johnson @JimJohnsonWRN

Photo courtesy Republic Services Inc. Republic Services Inc. is undergoing a restructuring that’s expected to save millions of dollars each year.

Organizational changes by Republic Services Inc. in both the field and at corporate headquarters are expected to save the company more than $20 million a year, but not impact management closest to the customers.

The Phoenix-based solid waste management company consolidated its management structure at two higher levels, eliminating one of four regional offices and eight of 28 lower-area offices around the country.

Those moves, along with job cuts at its headquarters, will cost about $30 million to implement, but then save $23 million each year. The company did not provide the number of job cuts. Continue reading →

October 27, 2011 – Republic Posts Strong Q3 on Pricing and Volume Growth (Waste Business Journal)

Posted on by

https://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 →