Allan Gerlat, News Editor

October 31, 2011

1 Min Read
Medical Waste Firm Stericycle Posts Higher 3rd Quarter Results

Medical waste giant Stericycle Inc. posted higher income and revenue for its third quarter.

Net income for the period ended Sept. 30 rose 4.4 percent to $59.2 million, or 68 cents per diluted share, compared with $56.7 million, 65 cents per diluted share, for the third quarter of 2010. The 2011 figure includes acquisition expenses, restructuring costs and other items. Excluding those, the company said in a news release that its earnings per diluted share was 71 cents for the quarter.

Revenues for the quarter climbed 16 percent to $420.9 million compared with $363 million from the same quarter last year. The company said $43.9 million of the latest revenue figure came from acquisitions less than 12 months old.

For the nine-month period gross profit increased 15.3 percent to $559.2 million compared with $485 million a year ago. Revenue advanced 17.6 percent to $1.23 billion compared with $1.05 billion in 2010.

 

About the Author(s)

Allan Gerlat

News Editor, Waste360

Allan Gerlat joined the Waste360 staff in September 2011 as news editor. He was the editor of Waste & Recycling News for the first 16 years of its history, and under his guidance the publication won 27 national and regional awards.

Before Waste & Recycling News, Allan worked at another Crain Communications publication, Rubber & Plastics News, which covers rubber product manufacturing. He began with the publication as associate editor and eventually became managing editor, a position he held for nine years.

Allan is a graduate of Ohio University, where he earned a BS in journalism. He is based in Sagamore Hills, in northeast Ohio.

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