Stericycle Reports Higher Net Income, Revenue in Third Quarter

Stericycle Reports Higher Net Income, Revenue in Third Quarter

Stericycle Inc.  reported double digit percentage increases in net income and revenue for its third quarter.

The Lake Forest, Ill.-based medical waste company said in a news release that net income for the period ended Sept. 30 rose 10.6 percent to $65.5 million, or 75 cents per diluted share, compared with $59.2 million, or 68 cents per diluted share, in the 2011 quarter.

Revenue climbed 14.2 percent to $480.5 million in the 2012 quarter from $420.9 million a year earlier.

For the first nine months of 2012 Stericycle's net income jumped 15.8 percent to $199.4 million, or $2.28 per diluted share, compared with $170.5 million, or $1.95 per diluted share, in 2011.

Revenue advanced 14.6 percent to $1.41 billion, compared with $1.23 billion a year earlier.

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