Stericycle (SRCL) Tops Q3 EPS by 2c, Revenues Miss; Offers FY18 EPS Views Below Consensus

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Go back to Stericycle (SRCL) Tops Q3 EPS by 2c, Revenues Miss; Offers FY18 EPS Views Below Consensus

Stericycle, Inc. Reports Results for the Third Quarter 2018

November 1, 2018 4:02 PM EDT

LAKE FOREST, Ill., Nov. 01, 2018 (GLOBE NEWSWIRE) -- Stericycle, Inc. (Nasdaq: SRCL) today reported results for the third quarter 2018.

THIRD QUARTER HIGHLIGHTS COMPARED TO PRIOR YEAR:

Revenues of $854.9 million, a decrease of 3.2%, in line with guidance; strength in Secure Information Destruction and other core services was offset by the expected decline in the small quantity (SQ) medical waste business, foreign exchange, divestitures, and a further decline in Communication and Related Services (CRS) Gross profit of $335.5 million, a decrease of 8.9%, inclusive of certain adjusting items;... More