Republic Services Reports Fourth Quarter, Year-End Results

Published January 31, 2002

Republic Services, Inc. reported adjusted net income of $47.2 million for the three months ended December 31, 2001, versus $56.5 million for the comparable period last year. Revenue increased 6.5 percent to $563.5 million from $529.1 million for the same period in 2000.

Internal growth from core operations was 2.6 percent consisting of 1.8 percent price and 0.8 percent volume. Adjusted operating income for the three months was $94.4 million compared to $108.9 million for the same period last year.

For the year, adjusted net income was $211.6 million, versus adjusted net income of $225.1 million for 2000. Revenue increased 7.3 percent to $2.257 billion from $2.103 billion during 2000. Adjusted operating income for the year was $415.5 million compared to $440.7 million in the prior year.
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