Stericycle (SRCL) Tops Q3 EPS by 12c, Revenues Miss

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Stericycle, Inc. Reports Results For the Third Quarter 2020

November 5, 2020 7:00 AM EST

BANNOCKBURN, Ill., Nov. 05, 2020 (GLOBE NEWSWIRE) -- Stericycle, Inc. (Nasdaq: SRCL) today reported results for the third quarter ended September 30, 2020.

Revenues for the quarter were $636.4 million, a decrease of 23.6% compared to $833.1 million in the third quarter of last year due to the impact of multiple divestitures and the COVID-19 pandemic.  Organic revenues declined 4.3% when excluding the impact of divestitures, foreign exchange rates, and changes in sorted office paper (SOP) pricing, primarily reflecting the impact of the pandemic.  Loss from operations was $55.8 million, compared to a loss from operations of $34.5... More