Stericycle (SRCL) Tops Q4 EPS by 8c, FY EPS Guidance Misses
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Stericycle, Inc. Reports Results for the Fourth Quarter 2018
February 28, 2019 4:02 PM ESTLAKE FOREST, Ill., Feb. 28, 2019 (GLOBE NEWSWIRE) -- Stericycle, Inc. (Nasdaq: SRCL) today reported results for the fourth quarter 2018.
FOURTH QUARTER HIGHLIGHTS COMPARED TO PRIOR YEAR:
Revenues were $852.7 million, a decrease of 4.0%; organic revenues decreased 1.1%, reflecting 13.8% organic growth in Secure Information Destruction, offset by the expected declines in the small quantity (SQ) medical waste business and Communication and Related Services (CRS). Gross profit was $328.7 million, a decrease of 4.4%, due to non-cash impairment charges; Adjusted gross profit was $346.6 million, a 0.4% increase, in part due to... More