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*	Fourth-quarter adjusted diluted EPS was $0.57 per share.

*	Full-year adjusted diluted EPS was $2.22, which exceeded the Company's full-year guidance.

*	Full-year cash provided by operating activities was approximately $1.8 billion and adjusted free cash flow was $885 million. Adjusted free cash flow was positively impacted by lower than anticipated cash taxes.

*	Fourth-quarter revenue growth from average yield was 2.2 percent and volumes increased 0.5 percent. This continues to reflect Republic's ability to grow price and volume simultaneously.

*	Full-year revenue growth from average yield was 2.1 percent and volumes increased 1.0 percent. Both metrics were in line with the Company's expectations.

*	Fourth-quarter adjusted EBITDA margin was 27.9 percent, an improvement of 70 basis points from the comparable 2015 period.

*	Full-year adjusted EBITDA margin was 28.3 percent, an improvement of 20 basis points from the prior year.

*	Delivered total shareholder return of 32.8 percent during 2016, which exceeded the S&P 500 average by approximately 275 percent.

*	Returned approximately $820 million to shareholders through share repurchases and dividends during 2016.

*	The Company advanced its revenue-enhancing and customer-facing initiatives to improve customer experience, further differentiate its product and service offerings, and build customer loyalty. For example, the Company:

•	increased the number of customers that do business with Republic digitally. Approximately 1.8 million customers are now enrolled in the MyResourceTM customer portal and mobile app, up 50 percent from a year ago. These tools significantly enhance customer interaction and connectivity.

•	expanded e-commerce capabilities to allow customers to purchase residential, small-container and temporary large-container services online. Republic’s e-commerce platform addresses the evolving needs of customer buying preferences and provides a lower-cost sales channel.

•	opened three new fully operational state-of-the art Customer Resource Centers. The Customer Resource Centers enhance the customer experience and will lower the Company’s cost structure once the transition to the new facilities is complete by the end of 2017.

•	increased its Net Promoter Score on a year-over-year basis for the fifth straight year.

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*	The Company advanced its fleet-based initiatives designed to improve productivity and lower costs. Currently:

•	92 percent of the fleet is certified under Republic’s standardized maintenance program, up from 78 percent in the prior year. The Company expects its entire fleet to be certified under the program by the second quarter of 2017.

*	The Company advanced its sustainability platform and was recognized for its industry leading efforts. For example, the Company:

•	was named to the 2016 Dow Jones Sustainability World Index and North America Index. Republic was the only company in the solid waste industry to be named to both indices. The Company was also awarded the "Industry Mover" award by the Dow Jones Sustainability Index.

•	was identified as a global leader for its actions and strategies in response to climate change and named to the Climate A List by the Carbon Disclosure Project. Republic was also awarded a position on the Supplier Climate A List.

•	Adjusted Free Cash Flow: Republic expects adjusted free cash flow to be $875 million to $900 million. Detail relating to the computation of adjusted free cash flow is contained in the Reconciliation of 2017 Financial Guidance section of this document.

•	Adjusted Diluted Earnings per Share: The Company expects adjusted diluted earnings per share to be in the range of $2.32 to $2.36. Detail relating to the computation of adjusted diluted earnings per share is contained in the Reconciliation of 2017 Financial Guidance section of this document.

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•	Revenue: Republic expects an increase in revenue of 4.5 to 5.0 percent comprised of the following:

•	Property and Equipment: The Company anticipates receiving $975 million of property and equipment, net of proceeds from sales of property and equipment.

•	Margin: Republic expects adjusted EBITDA margin to expand by 20 to 40 basis points to a range of 28.5 to 28.7 percent.

•	Taxes: The Company expects an effective tax rate of 39.5 percent.

•	Cash Utilization: Republic expects to invest approximately $100 million in tuck-in acquisitions. Additionally, the Company expects to return approximately $900 million total cash to shareholders, through $450 million of dividends and $450 million in share repurchases.

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Media Inquiries	Investor Inquiries

Darcie Brossart (480) 627-2700	Brian DelGhiaccio (480) 627-2741

media@RepublicServices.com	investor@RepublicServices.com

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•	general economic and market conditions, including inflation and changes in commodity pricing, fuel, interest rates, labor, risk, health insurance and other variable costs that generally are not within our control, and our exposure to credit and counterparty risk;

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whether our estimates and assumptions concerning our selected balance sheet accounts, income tax accounts, final capping, closure, post-closure and remediation costs, available airspace, projected costs and expenses related to our landfills and property and equipment, fair values of acquired assets and liabilities assumed in our acquisitions, and labor, fuel rates and economic and inflationary trends, turn out to be correct or appropriate;

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•	competition and demand for services in the solid waste industry;

•	price increases to our customers may not be adequate to offset the impact of increased costs, including labor, third-party disposal and fuel, and may cause us to lose volume;

•	our ability to manage growth and execute our growth strategy;

•	our compliance with, and future changes in, environmental and flow control regulations and our ability to obtain approvals from regulatory agencies in connection with operating and expanding our landfills;

•	the impact on us of our substantial indebtedness, including on our ability to obtain financing on acceptable terms to finance our operations and growth strategy and to operate within the limitations imposed by financing arrangements;

•	our ability to retain our investment grade ratings for our debt;

•	our dependence on key personnel;

•	our dependence on technology in our operations;

•	our dependence on large, long-term collection, transfer and disposal contracts;

•	our business is capital intensive and may consume cash in excess of cash flow from operations;

•	any exposure to environmental liabilities or remediation requirements, to the extent not adequately covered by insurance, could result in substantial expenses;

•	risks associated with undisclosed liabilities of acquired businesses;

•	risks associated with pending and future legal proceedings, including litigation, audits or investigations brought by or before any governmental body;

•	severe weather conditions, including those brought about by climate change, which could impair our financial results by causing increased costs, loss of revenue, reduced operational efficiency or disruptions to our operations;

•	compliance with existing and future legal and regulatory requirements, including limitations or bans on disposal of certain types of wastes or on the transportation of waste, which could limit our ability to conduct or grow our business, increase our costs to operate or require additional capital expenditures;

•	safety and operational risks, including the risk of personal injury to our employees or third parties;

•	potential increases in our costs if we are required to provide additional funding to any multiemployer pension plan to which we contribute or if a withdrawal event occurs with respect to any multiemployer pension plan to which we contribute;

•	the negative impact on our operations of union organizing campaigns, work stoppages or labor shortages;

•	the negative effect that trends toward requiring recycling, waste reduction at the source and prohibiting the disposal of certain types of wastes could have on volumes of waste going to landfills;

•	changes by the Financial Accounting Standards Board or other accounting regulatory bodies to generally accepted accounting principles or policies;

•	a cyber-security incident could negatively impact our business and our relationships with customers; and

•	acts of war, riots or terrorism, including the continuing war on terrorism, as well as actions taken or to be taken by the United States or other governments as a result of further acts or threats of terrorism, and the impact of these acts on economic, financial and social conditions in the United States.