Republic Services Increases Earnings Outlook despite Setback

Date: October 18, 2007

Source: News Room

Republic Services offered some positive news to investors despite some recent setbacks. The company, which plans to release third quarter earnings on November 6, said that it now expects to earn between $1.65-1.66 per share up from previous guidance of $1.59-1.62 per share in 2007. However, an October 18 filing with the Securities and Exchange Commission reveals that Republic will take a charge of $32.9 million, or $0.11 per share related to landfills, especially due to problems at the Countrywide Landfill in East Sparta, Ohio and the need to upgrade leachate equipment at a landfill in Contra Costa County, Calif.

For more information, visit:

Sign up to receive our free Weekly News Bulletin