By Ezequiel Minaya

Republic Services Inc. (RSG) said earnings slipped 9% in the latest quarter, partly because of costs linked to a restructuring effort, though revenue rose.

"We completed our organizational realignment during the first quarter, which reduces costs and enables our local teams to be more nimble and effective in serving our customers," Chief Executive Donald Slager said in prepared remarks.

During the three-month period, the company was hit by a $11.9 million charge linked to restructuring and $5.6 million related to pension funds, two expenses that weren't present a year ago.

For the quarter ended March 31, Republic Services earned $156.7 million, or 45 cents a share, down from $172.4 million, or 49 cents a share, a year earlier. Earnings excluding items were 48 cents a share, down a penny from a year ago.

Revenue increased 3.7% to $2.25 billion.

Analysts surveyed by Thomson Reuters expected earnings of 47 cents a share on revenue of $2.23 billion.

Shares were inactive after-hours Thursday.

Write to Ezequiel Minaya at Ezequiel.Minaya@wsj.com

(END) Dow Jones Newswires

April 28, 2016 17:29 ET (21:29 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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