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Republic Services Q3 profit climbs YOY

Republic Services Inc. said its third-quarter normalized net income was 63 cents per share, compared with the S&P Capital IQ consensus estimate of 63 cents per share.

EPS increased 5.5% year over year from 60 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $214.3 million, a gain from $206.3 million in the prior-year period.

The normalized profit margin declined to 8.4% from 8.6% in the year-earlier period.

Total revenue rose 6.3% year over year to $2.56 billion from $2.41 billion, and total operating expenses climbed 7.2% year over year to $2.13 billion from $1.98 billion.

Reported net income rose 159.8% year over year to $223.4 million, or 66 cents per share, from $86.0 million, or 25 cents per share.