Stericycle, Inc. Reports Results For the First Quarter 2020
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Stericycle (SRCL) Misses Q1 EPS by 6c, Revenues Beat; Withdraws FY20 Guidance
May 7, 2020 7:10 AM EDTStericycle (NASDAQ: SRCL) reported Q1 EPS of $0.52, $0.06 worse than the analyst estimate of $0.58. Revenue for the quarter came in at $785 million versus the consensus estimate of $777.23 million.
KEY BUSINESS HIGHLIGHTS:
The Company delivered organic growth in the quarter, the first time since 2017, as it continues to drive results from its quality of revenue initiatives. Growth in Regulated Waste and Compliance Services (RWCS) and Secure Information Destruction (SID), excluding the impact of SOP pricing, was 3.3% and 1.4%, respectively.Cash flow from operations for the first quarter was $82.1 million, compared to $36.2 million for... More