In a release on
Excluding certain expenses and benefits recorded during 2013 and 2012, adjusted earnings before interest, taxes, depreciation, depletion, amortization and accretion (adjusted EBITDA) for the three months ended
Revenue for the three months ended
Full Year 2013 Results
For the year ended
Republic's net income for the years ended
Excluding certain expenses and benefits recorded during 2013 and 2012, adjusted EBITDA for the year ended
Revenue for the year ended
"In 2013, we executed our strategy and delivered results that exceeded our EPS and free cash flow guidance," said
Fiscal Year 2014 Guidance
Republic's guidance is based on current economic conditions and does not assume any significant changes in the overall economy in 2014.
Specific guidance includes:
-Adjusted Free Cash Flow: Republic expects adjusted free cash flow for 2014 to be
-Diluted Earnings per Share: The Company expects 2014 diluted earnings per share to be in the range of
-Revenue: Republic expects an increase in revenue for 2014 of 3.5 to 4.5 percent.
-Property and Equipment: In 2014, the Company anticipates receiving
-Margins: Republic expects EBITDA margins for 2014 to be in a range of 28.5 to 29 percent.
-Taxes: The Company expects our provision for income taxes in 2014 to be approximately 39.5 percent, of which cash taxes as a percentage of the overall tax provision are expected to be in a range of 105 to 110 percent.
Slager said, "We are encouraged by the positive momentum of our business entering 2014. We are focused on managing the controllable aspects of our business by enhancing the quality of our revenue, investing in profitable growth opportunities, and reducing costs. We remain committed to increasing returns and efficiently returning cash to shareholders through share repurchases and dividends."
Republic Declares Quarterly Dividend
Republic also announced that its Board of Directors declared a regular quarterly dividend of
STOCK REPURCHASE PROGRAM
We have had a share repurchase program since
Republic is a company focusing on the U.S. non-hazardous solid waste and recycling industry. Through its subsidiaries, Republic's collection companies, transfer stations, recycling centers and landfills focus on providing environmental services and solutions for commercial, industrial, municipal and residential customers.
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In a release on