Allan Gerlat, News Editor

February 3, 2012

1 Min Read
Medical Waste Firm Stericycle Posts Higher Profits for Quarter, Year

Medical waste firm Stericycle Inc. reported stronger net profits for its fourth quarter and 2011 year.

For the quarter ended Dec. 31, the Lake Forest, Ill.-based Stericycle posted a 28.6-percent increase in net earnings to $64.3 million, or 74 cents per diluted share, compared with  $50 million, or 57 cents per diluted share, in the 2010 fourth quarter, the company said in a news release.

Revenue for the fourth quarter rose 13.5 percent to $446.6 million from $393.5 million a year earlier.

For the year net income climbed 12.9 percent to $234.8 million, or $2.69 per diluted share, compared with $207.9 million, or $2.39 per diluted share, in 2010.

Revenue for 2011 jumped 16.4 percent to $1.68 billion, compared with $1.44 billion a year ago.

Acquisitions in 2011 added $48.9 million to revenue for the fourth quarter and $158.2 million for the year.

 

About the Author(s)

Allan Gerlat

News Editor, Waste360

Allan Gerlat joined the Waste360 staff in September 2011 as news editor. He was the editor of Waste & Recycling News for the first 16 years of its history, and under his guidance the publication won 27 national and regional awards.

Before Waste & Recycling News, Allan worked at another Crain Communications publication, Rubber & Plastics News, which covers rubber product manufacturing. He began with the publication as associate editor and eventually became managing editor, a position he held for nine years.

Allan is a graduate of Ohio University, where he earned a BS in journalism. He is based in Sagamore Hills, in northeast Ohio.

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