Republic Reports First-Quarter Gains

Fort Lauderdale, Fla.-based Republic Services reports a net income of $76.1 million on revenues of $779 million for first-quarter 2008. Both are increases from a net income of $53.9 million on revenues of $766 million for the same quarter 2007.

"During the first quarter, we expanded operating margins despite reduced temporary construction volume and record high fuel prices,” said James O’Connor, chairman and CEO of Republic, in a press release. “I remain pleased with the Company's success in implementing its pricing strategy together with our focus on operating efficiency, customer service and cost control, and believe we are well-positioned to continue to expand operating margins throughout 2008."

TAGS: Financials