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Republic Services sees profits fall, improved business conditions in first quarter
Republic Services Inc. saw revenue increase slightly during the first quarter as profits dipped for the nation’s second-largest solid waste management company.
The Phoenix-based firm earned $124.6 million, or 34 cents per diluted share, on revenue of $2 billion. That compares to earnings of $142.9 million, or 38 cents per diluted share, on revenue of $1.98 billion for the first quarter of 2012.
Excluding charges, expenses and benefits, net income would have been $167.4 million, or 46 cents per diluted share, for the first quarter of this year, and $140.9 million, or 38 cents per diluted share for the first quarter of last year, the company reported.
Stock analysts predicted revenue of $2 billion and earnings of 40 cents per share, on average, according to Yahoo Finance.
CEO Donald W. Slager, in a statement, said the company’s first quarter performance “reflects an overall improvement in business conditions. We saw sequential increases in core pricing, volume and margins, which drove our strong Q1 results. We continue to profitably grow our core business as evidenced by year-over-year increases in revenue, earnings and free cash flow.”
Shares of Republic Services were up 86 cents to $34.11 in trading at one point this morning, according to Yahoo Finance.
Teamsters at Republic Services/Allied Waste Extend Picket Lines To California
From PR Newswire (via Yahoo.com)
Ohio Sanitation Landfill Workers On Unfair Labor Practice Strike Extend Picket Line To California On Anniversary of MLK Assassination
FREMONT, Calif., April 4, 2013 /PRNewswire-USNewswire/ — Workers on strike at Republic Services/Allied Waste extended picket lines to five Northern California locations today, on the anniversary of the assassination of Martin Luther King Jr., who was killed in Memphis supporting striking waste workers.
“Forty-five years later, this giant trash corporation – Republic – has been bullying its workers by locking them out of their jobs without pay, withholding paychecks, and demanding contract concessions even though it makes hundreds of millions in profits each year,” said Teamsters General Secretary-Treasurer Ken Hall.
What about Waste? Re-envisioning Los Angeles’ Waste Paradigm: An Assessment of the Local Implementation of Conversion Technology and Waste-to-Energy Waste Management Solutions, May 14, 2010 by Ava Mikolavich
Closing L.A. County’s Largest Landfill
Los Angeles, Bureau of Sanitation, Service Request Form
This form is to be used by the public as an easy way of submitting Sanitation Service Requests electronically. Use this form to make request regarding picking up bulky items, Metal Household Appliance Items, Brush Items, Move In / Move Out Pick Up, and/or Services Not Complete. In addition, you may also use this form to request for replacing Black/Blue/Green broken/missing/damaged containers. Requests are processed in 2-3 business days. If this is an emergency, please contact us at (800)773-CITY / (800)773-2489.
https://san.lacity.org/solid_