SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported)		October 30, 2006

Republic Services, Inc.

 

(Exact Name of Registrant as Specified in Its Charter)

Delaware

(State or Other Jurisdiction of Incorporation)

1-14267		65-0716904
(Commission File Number)		(IRS Employer Identification No.)

110 SE 6th Street, 28th Floor, Fort Lauderdale, Florida		33301
(Address of Principal Executive Offices)		(Zip Code)

(954) 769-2400

(Registrant’s Telephone Number, Including Area Code)

(Former Name or Former Address, if Changed Since Last Report)

     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o		Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o		Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o		Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o		Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

ITEM 8.01 OTHER EVENTS

     On October 30, 2006, Republic Services, Inc. (the “Company”) issued a press release to announce that its Board of Directors had approved an increase in the Company’s common stock repurchase program, a copy of which is incorporated herein by reference and attached hereto as Exhibit 99.1.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

     (d)Exhibits

Exhibit No.				Description
	99.1			Press Release of the Company dated October 30, 2006 to announce the Company’s common stock repurchase program.

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

EXHIBIT 99.1

				REPUBLIC CONTACTS
		Media Inquiries:		Will Flower		(954) 769-6392
		Investor Inquiries:		Tod Holmes		(954) 769-2387
				Ed Lang		(954) 769-3591

REPUBLIC SERVICES, INC. ANNOUNCES
$250 MILLION STOCK REPURCHASE PROGRAM

FORT LAUDERDALE, Fla., October 30, 2006...Republic Services, Inc. (NYSE: RSG) announced today that its Board of Directors has authorized the repurchase of up to $250 million of its common stock under a new stock repurchase program. At September 30, 2006, Republic also had $73.5 million remaining under its existing share repurchase program. The stock repurchases may be made in the open market, in privately negotiated transactions or a combination of both. The timing and amounts of any repurchases will be at the discretion of management and will depend on many factors, including the market price of the common stock and overall market conditions. The Company expects to fund its stock repurchase programs by using cash flow from operations.

“Republic consistently generates substantial amounts of free cash flow,” said James E. O’Connor, Chairman and Chief Executive Officer of Republic Services, Inc. “Our stock repurchase and dividend programs have proven to be excellent ways to return value to our shareholders.”

From 2000 through September 30, 2006, Republic Services has repurchased more than $1.7 billion of Company stock.

Republic Services, Inc. is a leading provider of solid waste collection, transfer and disposal services in the United States. The Company’s operating units are focused on providing solid waste services for commercial, industrial, municipal and residential customers.

Certain statements and information included herein constitute “forward-looking statements” within the meaning of the Federal Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied in or by such forward-looking statements. Such factors include, among other things:

	•		whether our estimates and assumptions concerning our selected balance sheet accounts, final capping, closure, post-closure and remediation costs, available airspace, and projected costs and expenses related to our landfills and property and equipment, and labor, fuel rates and economic and inflationary trends, turn out to be correct or appropriate;
	•		various factors that will impact our actual business and financial performance such as competition and demand for services in the solid waste industry;
	•		our ability to manage growth;
	•		compliance with, and future changes in, environmental regulations;
	•		our ability to obtain approvals in connection with expansions at our landfills;
	•		our ability to obtain financing on acceptable terms to finance our operations and growth strategy and for our company to operate within the limitations imposed by financing arrangements;
	•		our ability to repurchase common stock at prices that are accretive to earnings per share;
	•		our dependence on key personnel;
	•		general economic and market conditions including, but not limited to, inflation and changes in commodity pricing, fuel, labor, risk and health insurance, and other variable costs that are generally not within our control;
	•		dependence on large, long-term collection, transfer and disposal contracts;
	•		dependence on acquisitions for growth;
	•		risks associated with undisclosed liabilities of acquired businesses;
	•		risks associated with pending legal proceedings; and
	•		other factors contained in our filings with the Securities and Exchange Commission.

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