Net income for medical waste company Stericycle Inc. rose 22.5 percent for its second quarter ended June 30.
The Lake Forest, Ill.-based company said in a news release that its net income totaled $67.6 million, or 78 cents per diluted share, in the 2012 period compared with $55.5 million, or 63 cents per diluted share, in the year-ago period. Revenue increased 14.3 percent to $468.9 million, compared with $410.4 million from the second quarter last year.
For the first six months net income climbed 19.1 percent to $132.5 million, or $1.53 per diluted share, compared with $111.2 million, or $1.27 per diluted share. Revenue advanced 14.9 percent to $929 million, compared with $808.6 million in the same period last year.