Stericycle (SRCL) Misses Q1 EPS by 30c, Revenues Miss

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Go back to Stericycle (SRCL) Misses Q1 EPS by 30c, Revenues Miss

Stericycle, Inc. Reports Results for the First Quarter 2019

May 2, 2019 4:02 PM EDT

LAKE FOREST, Ill., May 02, 2019 (GLOBE NEWSWIRE) -- Stericycle, Inc. (Nasdaq: SRCL) today reported results for the first quarter ended March 31, 2019 and reaffirmed 2019 guidance.

Revenues for the quarter were $830.1 million, a decrease of 7.3% from $895.0 million in the first quarter of last year.  The Company continued progress towards its Business Transformation and made additional planned investments in the development of its comprehensive enterprise resource planning (ERP) platform.  Net loss was $37.8 million, or $0.42 diluted loss per share, compared with net income of $21.0 million, or $0.25 diluted earnings per share in the first quarter of... More