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STOUT ENVIRONMENTAL MERGER WITH REPUBLIC WASTE TO ADD OVER $71 MILLION IN REVENUE, $.07 PER SHARE, TO REPUBLIC WASTE'S 1991 YEAR END RESULTS

STOUT ENVIRONMENTAL MERGER WITH REPUBLIC WASTE TO ADD OVER $71 MILLION IN REVENUE, $.07 PER SHARE, TO REPUBLIC WASTE'S 1991 YEAR END RESULTS
 ATLANTA, March 5 /PRNewswire/ -- Republic Waste Industries, Inc. (NASDAQ: RWIN; TSE) today announced the completion of a definitive merger agreement to be accounted for as a pooling-of-interests with Stout Environmental, Inc. of Thorofare, N.J., through the issuance of 3 million Republic Waste shares.
 The merger agreement will also require Republic Waste to make certain non-competition payments and to pay certain transaction expenses of the Stout shareholders. This transaction will result in Republic Waste's 1991 year end results being restated as per the attached schedule.
 M.G. DeGroote, chairman and chief executive officer of Republic Waste, stated that the merger of Stout, which more than doubles Republic Waste's 1991 revenue, together with Evergreen in Ohio and Great Lakes operations in Canada, the company is now substantially placed in the full service hazardous waste management business. The newly merged company will serve customers in 20 states throughout the Mid-Atlantic and Midwest regions as well as two Canadian provinces which should greatly augment Republic Waste's future growth as the economy recovers. The merger also brings to Republic Waste a broadly experienced management team for this specialized business.
 Republic Waste is an integrated solid and hazardous waste management company providing disposal, recycling, collection, transportation and treatment services to the public and private sectors.
 REPUBLIC WASTE INDUSTRIES, INC.
 Consolidated Statements of Operations
 (in thousands, except per share data)
 (unaudited)
 Year ended 12/31/91 As Restated As Reported
 Revenue $122,908 $51,579
 Expenses:
 Cost of operations 85,176 31,270
 Selling, general & administrative 23,489 10,045
 Interest expense, net 1,797 1,476
 Total 110,462 42,791
 Income before income taxes
 and non-recurring charges 12,446 8,788
 Income tax provision 4,979 3,515
 Income before non-recurring charges 7,467 5,273
 Non-recurring charges, net of tax (3,161) (3,161)
 Discontinued operation 11 ---
 Net income $ 4,317 $ 2,112
 Earnings per common & common equivalent share:
 Before non-recurring charges $ 0.39 $ 0.32
 Non-recurring charges (0.17) (0.19)
 Net income $ 0.22 $ 0.13
 Weighted average common and
 common equivalent shares 19,245 16,245
 -0- 3/5/92
 /CONTACT: Courtland Peddy of Republic Waste Industries, 404-431-7140/
 (RWIN) CO: Republic Waste Industries, Inc. ST: Georgia IN: SU: ERN TNM


BN-BR -- AT010 -- 5442 03/05/92 12:25 EST
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Date:Mar 5, 1992
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