Medical Waste Firm Stericycle Posts Earnings, Revenue Increases

Allan Gerlat, News Editor

October 27, 2014

1 Min Read
Medical Waste Firm Stericycle Posts Earnings, Revenue Increases

Medical waste firm Stericycle Inc. posted higher net profits and revenue for its third quarter, aided by acquisition revenue.

The Lake Forest, Ill.-based Stericycle said for the period ended Sept. 30 net income climbed 2.9 percent to $82.8 million, or 96 cents per diluted share, compared with $80.5 million, or 92 cents per diluted share, in the 2013 period.

Revenue rose 24.9 percent to $667.9 million from $534.6 million a year earlier, according to a news release. Acquisitions in the latest period accounted for $93.8 million of the growth.

For the first nine months, net earnings advanced 4.6 percent to $243.9 million, or $2.83 per diluted share, compared with $233.2 million, or $2.67 per diluted share, a year earlier. Revenue increased 19.3 percent to $1.88 billion from $1.57 billion in 2013.



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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