Republic to Release First-Quarter Report in Late April (With Video)

Phoenix-based Republic Services will release its first-quarter 2011 financial report on Thursday, April 28. The firm also will hold a conference call at 5 p.m. EST that day to discuss the report with investment analysts.

Republic’s website will host a live audio webcast of the call. To access the webcast, click on the “Investor Relations” section and follow the links. The call also can be listened to by calling (210) 234-0084 and entering the pass code “Republic Services.”

In the fourth quarter of 2010, Republic Services posted a net income of $147.6 million on $2.02 billion in revenue. During the same period in 2009, the firm made a profit of $35.6 million on $2 billion in revenue.

In Republic’s fourth-quarter 2010 conference call, Donald Slager, Republic’s president and CEO, said that acquisitions will be a focus of his firm in 2011. “We have a pipeline of potential acquisitions and are focused on strengthening our infrastructure, especially in the area of recycling, to enhance our capabilities,” Slager said.

Look for the company to continue its aggressive pursuit of various “green” initiatives, Slager added during the call. “In 2010, we increased our investments in single-stream recycling facilities, alternative fuel trucks and landfill gas-to-energy projects,” Slager said. “These investments are not only environmentally beneficial but are good business decisions, which enhance infrastructure and generate solid returns. We will continue to pursue these investments in 2011.”

RELATED LINK:

• Republic Services' Fourth-Quarter 2010 Earnings Call Transcript

RELATED VIDEO:

Republic Services Reports Fourth-Quarter 2010 Results