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EXHIBIT 99.1
NEWS
REPUBLIC CONTACTS
Media Inquiries: |
Will Flower | (480) 718-6565 | ||||
Investor Inquiries: | Ed Lang | (480) 627-7128 |
REPUBLIC SERVICES, INC. REPORTS
FOURTH QUARTER RESULTS AND PROVIDES
2012 OUTLOOK
| Fourth Quarter earnings per share of $0.51 |
| Record adjusted free cash flow of $909 million for 2011 |
| 2011 results exceed guidance for adjusted earnings per share and free cash flow |
PHOENIX, AZ, February 9, 2012, Republic Services, Inc. (NYSE: RSG) today reported net income of $191.0 million, or $0.51 per share, for the three months ended December 31, 2011, versus $147.6 million, or $0.38 per share, for the comparable period last year.
Republics net income for the three months ended December 31, 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 December 31, 2011 and 2010 would have been $195.3 million, or $0.53 per diluted share, and $160.8 million, or $0.42 per diluted share, respectively.
Excluding certain charges and other expenses recorded during 2011 and 2010 as described in the Reconciliation of Certain Non-GAAP Measures section of this document, adjusted earnings before interest, taxes, depreciation, depletion, amortization and accretion (adjusted EBITDA) for the three months ended December 31, 2011 would have been $603.6 million, or 29.8% as a percentage of revenue, compared to $616.8 million, or 30.5% as a percentage of revenue, for the comparable 2010 period.
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Republic Services, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2012 10-K Annual Report includes:
Financial Statements, Disclosures and Schedules
Inside this 10-K Annual Report
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Republic Services, Inc. provided additional information to their SEC Filing as exhibits
Ticker: RSG
CIK: 1060391
Form Type: 10-K Annual Report
Accession Number: 0001193125-12-067094
Submitted to the SEC: Fri Feb 17 2012 1:58:44 PM EST
Accepted by the SEC: Fri Feb 17 2012
Period: Saturday, December 31, 2011
Industry: Refuse Systems