Date: January 30, 2003
Source: News Room
Republic Services, Inc. (NYSE: RSG) has reported that for the year ended Dec. 31, 2002, adjusted net income was $236.1 million, or $1.42 per share, compared to adjusted net income of $211.6 million, or $1.24 per share, for 2001. Annual revenue for 2002 was $2,365.1 million compared to $2,257.5 million during 2001. During the three months ended Dec. 31, 2001, the company recorded an after-tax charge of $86.1 million, primarily related to exiting certain markets and non-core businesses. Including the charge, Republic reported net income of $125.5 million, or $0.73 per share, and a net loss of $(38.9) million or $(0.23) per share, for the year and three months ended December 31, 2001, respectively.
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