Phoenix-based Republic Services posted a net income of $120.5 million on $2.07 billion in revenue during the third quarter of 2009. For the same period in 2008, the firm reported a net income of $88.7 million on $834 million in revenue.

The firm's third-quarter numbers have been bolstered by its purchase of Allied Waste Industries, a transaction that was finalized in December 2008.

For the first nine months of 2009, Republic posted a net income of $459.4 million on $6.20 billion in revenue. For the same period in 2008, the firm reported a net income of $205.5 million on $2.44 billion in revenue.

Meanwhile, Houston-based Waste Management posted a net income of $277 million on $3.02 billion in revenue during the quarter. In Q3 2008, the firm reported a net income of $310 million on $3.53 billion in revenue.

For the first nine months of 2009, Waste Management posted a net income of $679 million on $8.79 billion in revenue. For the same period in 2008, the firm reported a net income of $869 million on $10.28 billion in revenue.

“Economic conditions and our volumes have stabilized,” said David P. Steiner, CEO of Waste Management, in a press release. “So, as we look to the fourth quarter of this year, we expect the rate of decline in volumes to be slightly better than the rate of decline in the third quarter of 2009.”

Burlington, Ontario, Canada-based Waste Services posted a net income of $6.7 million on $112.5 million in revenue during Q3 2009. For the same period in 2008, the firm reported a net income of $3.5 million on $125.7 million in revenue.

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