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February 12, 2010
Phoenix-based Republic Services posted a net income of $35.6 million on revenues of $2 billion during the fourth quarter of 2009. During the same period in 2008, the firm posted a net loss of $131.7 million on revenues of $1.24 billion.
For all of 2009, Republic posted a net income of $495 million on $8.20 billion in revenue. In 2008, the firm posted a net income of $73.8 million on $3.7 billion in revenue.
Bear in mind that the comparison between Republic’s 2009 and 2008 figures is impacted by the firm’s acquisition of Allied Waste Industries, which was finalized in December 2008.
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