Date: January 31, 2002
Source: News Room
Republic Services Inc. (NYSE:RSG) has reported that its adjusted net income fell 16 percent in the fourth quarter, as revenue rose 6.5 percent. The Fort Lauderdale, Fla.-based company reported fourth-quarter adjusted net income of $47.2 million, or 28 cents per share, versus $56.5 million, or 33 cents a share a year earlier. Fourth-quarter revenues totaled $563.5 million, compared with $529.1 million a year before. Including a fourth-quarter non-cash, after-tax charge of $86.1 million, primarily related to exiting certain markets and non-core businesses, the company reported a quarterly net loss of $38.9 million, or 23 cents per share. The company said it expects to report earnings, excluding goodwill amortization, of $1.37 to $1.39 in 2002.
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