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SmarTrend(R) News Watch: Republic Services Misses, Guides Lower

Fri. February 27, 2009; Posted: 07:56 AM
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Feb 27, 2009 (SmarTrend(R) News Watch via COMTEX) -- RSG | Quote | Chart | News | PowerRating -- Republic Services (NYSE:RSG) reported adjusted Q4 EPS of 41 cents, ex-items, missing consensus estimates of 44 cents per share. Revenues in the quarter rose 55% year-over-year to $1.24 billion, but came in short of consensus estimates of $1.81 billion. For 2009, the company sees free cash flow, excluding merger related payments, of approximately $650 million. The company sees 2009 EPS (ex-items) in the range of $1.70 to $1.75, vs. estimates of $1.93. Republic sees 2009 revenue up 129% (equating to approximately $8.45 billion, vs. consensus of $9.06 billion). President and Chief Operating Officer, Donald W. Slager offered this statement, "Our field organization is adjusting the business for changing economic conditions while remaining focused on the basic aspects of our business including safety, customer service, pricing, and achieving strong and predictable free cash flow."

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For full details on Republic Services Inc (RSG) click here. Republic Services Inc (RSG) has Short Term PowerRatings of 5. Details on Republic Services Inc (RSG) Short Term PowerRatings is available at This Link.

    


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