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REPUBLIC WASTE INDUSTRIES REPORTS FIRST QUARTER RESULTS

 ATLANTA, May 4 /PRNewswire/ -- Republic Waste Industries, Inc. (NASDAQ: RWIN; TSE: RWI) today reported that first quarter 1993 income from continuing operations was $420,000, or $.02 per share, compared with a loss of $172,000, or $(.01) per share, for the same quarter last year.
 Revenue for the first quarter 1993 was $24,464,000 vs. $25,436,000 last year. Before unusual charges of $.07 per share, earnings per share from continuing operations for the 1992 quarter were $.06 per share which included a $.02 per share gain on the sale of marketable securities. There was an 11 percent increase in weighted average shares outstanding, from 24,712,000 to 27,348,000 for the first quarters of 1992 and 1993, respectively.
 The decrease in earnings before unusual charges is attributable to the hazardous waste segment and resulted from the continued recessionary economies in the U.S. and Canada, an extremely price competitive business environment and unusually adverse weather conditions. First quarter 1993 earnings in the solid waste segment were in line with management's expectations and were comparable with last year. Republic's operations are seasonal and first quarter earnings are traditionally the lowest of the year. The company anticipates a positive trend in the solid waste operations throughout 1993, and together with cost reduction programs in the hazardous waste sector, the company should show bottom line progress for the balance of 1993.
 Republic Waste Industries is an emerging waste service company serving the needs of a broad range of solid and hazardous waste generators in the North American environmental services industry.
 REPUBLIC WASTE INDUSTRIES, INC.
 CONDENSED CONSOLIDATED INCOME STATEMENT DATA
 (In thousands, except per share data)
 (Unaudited)
 3 mos. ended 3/31/92 3/31/93
 Revenues $ 25,436 $ 24,464
 Operating income $ 1,952 $ 877
 Unusual item - Stout acquisition,
 restructuring and financing costs $ (2,588) $ ---
 Income (loss) from continuing
 operations $ (172) $ 420
 Discontinued operations:
 Loss from operations $ (2,664) $ ---
 Loss on disposition $(17,563) $ ---
 Total $(20,227) $ ---
 Net income (loss) $(20,399) $ 420
 Earnings (loss) per common and
 common equivalent share:
 Continuing operations $ (.01) $ .02
 Discontinued operations (.82) ---
 Net income (loss) $ (.83) $ .02
 Weighted average common and common
 equivalent shares 24,712 27,348
 CONDENSED CONSOLIDATED BALANCE SHEET DATA
 12/31/92 3/31/93
 Working capital $ 6,509 $ 5,541
 Total assets $ 167,396 $164,970
 Long-term debt, net of current
 maturities $ 18,452 $ 17,684
 Stockholders' equity $ 97,255 $ 96,742
 Total capitalization $ 115,707 $114,426
 -0- 5/4/93
 /CONTACT: Courtland Peddy of Republic Waste Indstries, 404-431-7140/
 (RWIN)


CO: Republic Waste Industries, Inc. ST: Georgia IN: ENV SU: ERN

RA-BR -- AT008 -- 4384 05/04/93 13:55 EDT
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Date:May 4, 1993
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