Stericycle (SRCL) Tops Q4 EPS by 3c, Revenues Miss; Offers FY20 Revenue Mid-Point Guidance Above Consensus
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Stericycle, Inc. Reports Results For the Fourth Quarter 2019, Provides 2020 Guidance
February 27, 2020 7:05 AM ESTBANNOCKBURN, Ill., Feb. 27, 2020 (GLOBE NEWSWIRE) -- Stericycle, Inc. (Nasdaq: SRCL) today reported results for the fourth quarter ended December 31, 2019 and provided guidance for the year ending December 31, 2020.
Revenues for the quarter were $799.9 million, a decrease of 6.2% from $852.7 million in the fourth quarter of last year.  Excluding divestitures, foreign exchange and changes in sorted office paper (SOP) pricing, revenues increased 1.3%.  Loss from operations in the quarter was $198.5 million, compared to loss from operations of $345.9 million in the fourth quarter of last year. This includes non-cash impairment and divestiture charges of $251.8 million in 2019 and... More
