Allan Gerlat, News Editor

October 25, 2012

1 Min Read
Stericycle Reports Higher Net Income, Revenue in Third Quarter

Stericycle Inc.  reported double digit percentage increases in net income and revenue for its third quarter.

The Lake Forest, Ill.-based medical waste company said in a news release that net income for the period ended Sept. 30 rose 10.6 percent to $65.5 million, or 75 cents per diluted share, compared with $59.2 million, or 68 cents per diluted share, in the 2011 quarter.

Revenue climbed 14.2 percent to $480.5 million in the 2012 quarter from $420.9 million a year earlier.

For the first nine months of 2012 Stericycle's net income jumped 15.8 percent to $199.4 million, or $2.28 per diluted share, compared with $170.5 million, or $1.95 per diluted share, in 2011.

Revenue advanced 14.6 percent to $1.41 billion, compared with $1.23 billion a year earlier.

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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