Medical waste firm Stericycle Inc. posted higher net profits and revenue for its third quarter, aided by acquisition revenue.
The Lake Forest, Ill.-based Stericycle said for the period ended Sept. 30 net income climbed 2.9 percent to $82.8 million, or 96 cents per diluted share, compared with $80.5 million, or 92 cents per diluted share, in the 2013 period.
Revenue rose 24.9 percent to $667.9 million from $534.6 million a year earlier, according to a news release. Acquisitions in the latest period accounted for $93.8 million of the growth.
For the first nine months, net earnings advanced 4.6 percent to $243.9 million, or $2.83 per diluted share, compared with $233.2 million, or $2.67 per diluted share, a year earlier. Revenue increased 19.3 percent to $1.88 billion from $1.57 billion in 2013.