Republic Services, Inc. reported net income of $172.4 million, or $0.49 per diluted share, for the three months ended March 31, 2015, versus $132.5 million, or $0.37 per diluted share, for the comparable 2014 period. The prior year’s adjusted diluted earnings per share of $0.43 excluded a remediation charge of $0.06 per diluted share.
Earnings before interest, taxes, depreciation, depletion, amortization and accretion (EBITDA) during the three months ended March 31, 2015, was $625.9 million, or 28.9 percent of revenue, compared to adjusted EBITDA of $574.8 million, or 27.7 percent of revenue, for the comparable 2014 period.
Revenue for the three months ended March 31, 2015, increased to $2,169.4 million from $2,077.2 million for the comparable 2014 period. This growth in revenue of 4.4 percent was made up of increases in average yield of 2.1 percent, volume of 1.9 percent, and acquisitions, net of divestitures of 2.1 percent, partially offset by decreases in fuel recovery fees of 0.7 percent and recycled commodities of 1.0 percent.
Republic’s board of directors declared a regular quarterly dividend of $0.28 per share for shareholders of record on July 1, 2015. The dividend will be paid on July 15, 2015.
Waste Connections, Inc. disclosed its results for the first quarter of 2015.
The U.S. Environmental Protection Agency (EPA) recently issued a consent agreement and final order to Clean Harbors Deer Park, LLC, in La Porte, Texas.
When man first created junk, he was soon followed by the first junkman who would take or pay for discarded items and try to make a buck. Thus, the scrap industry was born.
Republic Services, Inc. released its 2014 Sustainability Report, which introduced the company’s sustainability plan – the preservation of a Blue Planet™ – and its five pillars of sustainability: safety, operations, materials management, communities and people.
The Pennsylvania Department of Environmental Protection (DEP) renewed the operating permit for Keystone Sanitary Landfill in the boroughs of Dunmore and Throop, Lackawanna County, for another ten years.