Republic Services Sees Net Income Jump During Third Quarter

Phoenix-based Republic Services posted a net income of $134.2 million on revenues of $2.06 billion during third-quarter 2010. During the same period in 2009, the firm posted a net income of $120.5 million on revenues of $2.07 billion.

“Our business remains on track, and our field organization continues to secure pricing growth in excess of inflation, achieve productivity improvements and maintain strong margins despite sluggish economic conditions,” said Don Slager, president and chief operating officer of Republic Services, in a statement.

For the first nine months of this year, Republic Services posted a net income of $358.9 million on $6.09 billion in revenue. During the same period in 2009, the firm posted a net income of $459.4 million on $6.20 billion.

TAGS: Financials