Stericycle Inc. reported a 17-percent increase in net income for its first quarter.
The Lake Forest, Ill.-based medical waste company said in a news release that 2012 first-quarter net income reached $64.9 million, or 75 cents per diluted share, compared with $55.7 million, or 64 cents per diluted share, in the year-ago period.
Revenue for the quarter ended March 31 advanced 15.6 percent to $460.1 million compared with $398.1 million in the 2011 period.
Acquisitions added approximately $41 million to the 2012 revenue, Stericycle said.
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