Medical waste firm Stericycle Inc. reported stronger net earnings and revenue for its fourth quarter and year.
The Lake Forest, Ill.-based Stericycle said net income for the quarter ended Dec. 31 rose 11.6 percent to $78.2 million, or 90 cents per share, compared with $70.1 million, or 80 cents per share, in the year-ago period. Sales climbed 12.8 percent to $567.9 million from $503.6 million a year earlier, according to a news release.
For the year, net income jumped 16.2 percent to $311.4 million, or $3.56 per share, compared with $268 million, or $3.08 per share, in 2012. Sales advanced 12 percent to $2.14 billion compared with $1.91 billion in the prior year.