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Republic Services Q3 profit climbs YOY

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Republic Services Q3 profit climbs YOY

Republic Services Inc. said its third-quarter normalized net income amounted to 54 cents per share, compared with the S&P Capital IQ consensus estimate of 53 cents per share.

EPS increased year over year from 52 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $187.8 million, a gain from $184.6 million in the year-earlier period.

The normalized profit margin declined to 8.0% from 8.1% in the year-earlier period.

Total revenue grew year over year to $2.34 billion from $2.27 billion, and total operating expenses climbed on an annual basis to $1.95 billion from $1.89 billion.

Reported net income grew 14.9% year over year to $213.7 million, or 61 cents per share, from $186.0 million, or 52 cents per share.