Medical waste firm Stericycle Inc. posted higher net income and revenue for its second quarter, aided by acquisitions.
The Lake Forest, Ill.-based company said for the period ended June 30 net income rose 14.7 percent to $78.4 million, or 89 cents per diluted share, compared with $68.4 million, or 78 cents per share, in the 2012 period, according to a news release.
Revenues climbed 12.3 percent to $526.5 million compared with $468.9 million a year earlier. Acquisitions accounted for about $34.1 million of the revenue in the latest period.
For the first half, net income rose 14.9 percent to $153.7 million, or $1.74 per diluted share, compared with $133.7 million, or $1.53 per diluted share, in the year-ago period.
Revenue advanced 12 percent for the first six months to $1.04 billion compared with $929 million in 2012.