Monday, February 06, 2006

 

Republic Services, Inc. Reports Record Earnings for 2005

2005 Earnings Per Share Up 14 Percent to $1.75
Company Provides 2006 Guidance


FORT LAUDERDALE, FL, Feb. 6, 2006 -- Republic Services, Inc. (NYSE: RSG) today reported that for the three months ended December 31,2005, net income was $60.0 million, or $0.43 per diluted share, compared to net income of $57.6 million, or $0.38 per diluted share, for the same period in 2004. Net income for the three months ended December 31, 2005 included a non-cash charge of $1.3 million, net of tax, or approximately $0.01 per diluted share, related to the acceleration of the vesting of all outstanding stock options previously awarded to employees. Revenue for the three months ended December 31, 2005 was $738.1 million compared to $687.7 million for the same period in 2004. Operating income for the three months ended December 31, 2005 was $115.4 million compared to operating income of $109.6 million for the same period last year.
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