Republic Services Inc. reported higher net earnings and revenue for its third quarter, helped by an improved solid waste performance.
For the period ended Sept. 30 the Phoenix-based Republic said net income climbed 12 percent to $171. 4 million, or 47 cents per diluted share, compared with $152.7 million, or 42 cents per diluted share, in the year-ago period.
Revenue increased 6 percent to $2.17 billion from $2.05 billion in 2012, the company said in a news release.
For the first nine months, however, net profits dropped 21 percent to $352.3 million, or 97 cents per diluted share, compared with $444.8 million, or $1.20 per diluted share, a year earlier. Revenue conversely climbed 3 percent to $6.28 billion from $6.09 billion.
The company’s third quarter results carried charges and expenses, including the completion of Republic’s withdrawal from the Central States Pension Fund. The nine-month results also included several one-time charges.
“Our results were supported by an improvement in solid waste trends including higher levels of landfill special waste,” said Donald Slager, president and CEO.