Dive Brief:
- Republic Services announced results from the second quarter of 2014, posting higher revenue and profits. Earnings increased to $181.8 million from $156.7 million as compared to the same time period one year ago. Net income was reported at $179 million, up from $56.3 million from the same time in 2013.
- Revenue for the second quarter of 2014 grew 5.4% to $2.2 billion, as compared to $2.1 billion from the same time frame one year ago.
- Adjusted EBITDA was $631.3 million, or 28.4 % of revenue as compared to $582.1 million (27.6% of revenue) for the same time period in 2013.
Dive Insight:
In mid-July 2014, Republic Services announced it was consolidating its branding in part to leverage its stronghold as the second largest waste and recycling company in the U.S.