Republic Services Q3 Profit Rises - Quick Facts

(RTTNews) - Republic Services, Inc. (RSG) reported net income attributable to the company for the third quarter of $171.4 million or $0.47 per share, compared to $152.7 million or $0.42 per share for the year-ago quarter.

Excluding items, adjusted, net income for the third quarter was $198.2 million or $0.55 per share, compared to $193.1 million or $0.53 per share in the prior year quarter.

Revenue for the latest third quarter increased 5.8% to $2.17 billion from $2.05 billion a year ago.

On average, analysts polled by Thomson Reuters expected the company to earn $0.50 per share on revenue of $2.12 billion for the third quarter.

The company also announce that its Board of Directors has added $650 million to the existing share repurchase authorization. Approximately $110.6 million remained under the prior authorization. The total authorization is now $760.6 million through Dec. 31, 2015.

Republic's Board of Directors declared a regular quarterly dividend of $0.26 per share for stockholders of record on Jan. 2, 2014. The dividend will be paid on Jan. 15, 2014.