Allan Gerlat, News Editor

July 28, 2015

1 Min Read
Six Things to Know about Stericycle’s Latest Quarter

Medical Waste firm Stericycle Inc. posted lower net profits but higher revenue for its second quarter.

Here are the highlights from Lake Forest, Ill.-based Stericycle’s financial report for the period ending June 30.

  1. Net income for Stericycle fell 26.2 percent in the first quarter to $60.4 million, or 70 cents per diluted share, compared with $81.9 million, or 95 cents per share, in the year-ago period.

  2. Revenue, however, climbed 11.7 percent to $715.7 million from $640.8 million, according to a news release. Acquisitions added about $58.9 million to the latest quarter’s total, which also took a hit from an unfavorable foreign exchange impact of $27.3 million.

  3. For the first six months net earnings for the medical waste firm dropped 15.6 percent to $135.9 million, or $1.57 per diluted share, compared with $161.1 million, or $1.87 per diluted share a year earlier.

  4. Revenue in the first half advanced 13.9 percent to $1.38 billion from $1.21 billion. Acquisitions contributed $145.2 million to the 2015 growth.

  5. Zacks Equity Research said Stericycle’s performance was “in sync” with the Zack Consensus Estimate. The financial firm said the 2015 decline in came despite a healthy top-line improvement was because of high operating expenses during the reported quarter.

  6. Stericycle got significantly bigger with the beginning of the third quarter this month. ">It bought information destruction firm Shred-it International for $2.3 billion. The Oakville, Ontario-based firm had pro forma revenue for the 12-month period ending in March of $726 million.

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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