Medical waste firm Stericycle Inc. posted lower net income but higher revenue for its fourth quarter and year.
Here are seven takeaways from the Lake Forest, Ill.-based company’s latest results, for the quarter and year ended Dec. 31.
- Net income for the quarter fell 4.4 percent to $78.9 million, or 80 cents per diluted share, compared with $82.5 million, or 96 cents per diluted share, in the 2014 period.
- Revenue climbed 31.2 percent for the final period to $888.3 million from $676.9 million a year earlier.
- For the year, net profits dipped 18.1 percent to $267.1 million, or $2.96 per diluted share, compared with $326.5 million, or $3.79 per diluted share, for 2014.
- Revenue advanced 16.8 percent for 2015 to $2.99 billion from $2.56 billion a year ago.
- For the 2015 fourth quarter Stericycle said acquisitions added about $200 million in revenue.
- Zacks Equity Research said Stericycle’s adjusted net earnings for the fourth quarter of $1.11 per share beat the Zacks Consensus Estimate of $1.08 per share. Revenue, however, missed the Zacks Consensus Estimate of $899 million.
- In July Stericycle made a huge acquisition, buying information destruction firm Shred-it International for $2.3 billion.