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Consumer Finance Hub
Real Issues. Real Answers.
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Debt Research News
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HOME ::
RESEARCH :: DEBT ::
NEWS::
JUL 2007
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Republic Services, Inc. Reports Quarterly Earnings of $0.45 Per Share
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Republic Services, Inc. today reported net income of $87.2 million, or $0.45 per diluted share, for the three months ended June 30, 2007, versus $70.8 million, or $0.35 per diluted share, for the comparable period last year. Net income for the three months ended June 30, 2007 includes a tax benefit of $5.0 million, or approximately $0.03 per diluted share, related to the effective closing of the Internal Revenue Service's audits of the Company's consolidated tax returns for fiscal years 2001 through 2004. Revenue in the second quarter of 2007 grew to $808.4 million from $779.8 million for the same period in 2006. Internal growth was 4.1 percent, consisting of a 5.2 percent price increase and a 1.1 percent volume decline. Operating income for the three months ended June 30, 2007 increased $19.1 million or 14.3 percent to $153.1 million, compared to $134.0 million for the same quarter last year. Operating margin for the three months ended June 30, 2007 increased to 18.9 percent from 17.2 percent for same period in 2006.
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read entire article on CNN money
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