Stericycle, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 02, 2023 at 07:07 am EDT
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Stericycle, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 653.5 million compared to USD 690.3 million a year ago. Net income was USD 2 million compared to USD 28 million a year ago. Basic earnings per share from continuing operations was USD 0.02 compared to USD 0.3 a year ago. Diluted earnings per share from continuing operations was USD 0.02 compared to USD 0.3 a year ago.
For the nine months, sales was USD 2,007.3 million compared to USD 2,034.4 million a year ago. Net loss was USD 36.3 million compared to net income of USD 24.2 million a year ago. Basic loss per share from continuing operations was USD 0.39 compared to basic earnings per share from continuing operations of USD 0.26 a year ago. Diluted loss per share from continuing operations was USD 0.39 compared to diluted earnings per share from continuing operations of USD 0.26 a year ago.
Stericycle, Inc. is a business-to-business services company and provider of compliance-based solutions that protect people and brands, promote health and well-being and safeguard the environment. The Company serves customers in North America and Europe with solutions for regulated waste and compliance services (RWCS) and secure information destruction (SID). Its RWCS include biohazardous waste disposal, compliance solutions (including Steri-Safe Compliance Solutions), specialty services and medical supply store. Its specialty services include MedDrop Medication Collection Kiosks, Safe Community Solutions, SafeDrop Sharps Mailback Solutions, and Airport and Maritime Waste Services. The Company's SID services include SID and compliance solutions (including document, hard drive, and specialty destruction services) under the Shred-it brand name, which includes regular scheduled services (and processing onsite and offsite) and one-time services (including select, priority and express).