EXHIBIT 99.1
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Republic Services, Inc. Reports
Third Quarter 2018 Results

 
Generated Earnings of $0.81 Per Share and Adjusted Earnings of $0.82 Per Share, a 22 Percent Increase Over the Prior Year
 
Increased Cash Flow from Operations by $53 million and Adjusted Free Cash Flow by $42 million, a 17 Percent Increase Over the Prior Year
 
Solid Waste Business Contributed 80 Basis Points of Adjusted EBITDA Margin Expansion
 
Reaffirmed 2018 Adjusted Earnings Per Share and Adjusted Free Cash Flow Guidance
 
Provided Preliminary 2019 Financial Outlook
 
Named to the Dow Jones Sustainability World and North America Indices for the Third Consecutive Year

PHOENIX (October 25, 2018)
– Republic Services, Inc. (NYSE: RSG) today reported net income of $263.4 million, or $0.81 per diluted share, for the three months ended September 30, 2018, versus $223.2 million, or $0.66 per diluted share, for the comparable 2017 period. Excluding certain gains and expenses, on an adjusted basis, net income for the three months ended September 30, 2018, was $269.0 million, or $0.82 per diluted share, versus $225.2 million, or $0.67 per diluted share, for the comparable 2017 period.

“We are very pleased with our third quarter results. The team capitalized on favorable solid waste trends, successfully executed our short-term plans to mitigate recycling headwinds, and advanced our longer-term plans to transform our recycling business. As a result, we delivered strong top-line growth, EBITDA margin expansion in the solid waste portion of our business and double-digit growth in earnings and free cash flow per share,” said Donald W. Slager, president and chief executive officer. “We now expect to be near the mid-point of our 2018 EPS guidance range and near the high-end of our free cash flow guidance range. The current momentum in our business, along with a favorable economic backdrop, positions us well for continued growth in 2019.”





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The following information was filed by Republic Services, Inc. (RSG) on Thursday, October 25, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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