Medical Waste Firm Stericycle Posts Income Jump in Second Period

Net income for medical waste company Stericycle Inc. rose 22.5 percent for its second quarter ended June 30.

The Lake Forest, Ill.-based company said in a news release that its net income totaled $67.6 million, or 78 cents per diluted share, in the 2012 period compared with $55.5 million, or 63 cents per diluted share, in the year-ago period. Revenue increased 14.3 percent to $468.9 million, compared with $410.4 million from the second quarter last year.

For the first six months net income climbed 19.1 percent to $132.5 million, or $1.53 per diluted share, compared with $111.2 million, or $1.27 per diluted share. Revenue advanced 14.9 percent to $929 million, compared with $808.6 million in the same period last year.