Stericycle, Inc. Reports Results For the Fourth Quarter 2019, Provides 2020 Guidance
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Stericycle (SRCL) Tops Q4 EPS by 3c, Revenues Miss; Offers FY20 Revenue Mid-Point Guidance Above Consensus
February 27, 2020 7:11 AM ESTStericycle (NASDAQ: SRCL) reported Q4 EPS of $0.72, $0.03 better than the analyst estimate of $0.69. Revenue for the quarter came in at $799.9 million versus the consensus estimate of $807.69 million.
FOURTH QUARTER FINANCIAL RESULTS
U.S. Generally Accepted Accounting Principles (GAAP) Results
Revenues for the quarter ended December 31, 2019, were $799.9 million, compared to $852.7 million in the fourth quarter of last year. The decline was due to divestitures, which reduced revenues by $36.2 million, and macroeconomic factors of SOP pricing and foreign exchange rates, which reduced revenues by $19.3 million and $9.0 million, respectively. Organic revenue growth for RWCS and Secure Information Destruction... More