Medical Waste Firm Stericycle Posts Stronger Results for Quarter

Medical waste firm Stericycle Inc. reported higher net earnings and revenue for its second quarter and first half.

For the period ended June 30 the Lake Forest, Ill.-based Stericycle said net income rose 5 percent to $81.9 million, or 95 cents per diluted share, compared with $78 million, or 89 cents per diluted share, in the year-ago period.

Revenue climbed 21.7 percent to $640.8 million from $526.5 million in the 2013 period, according to a news release. Acquisitions accounted for about $81.7 million of the 2014 period’s revenue.

For the first half, net profits increased 6 percent to $161.1 million, or $1.87 per diluted share, compared with $152.7 million, or $1.74 per diluted share, a year earlier.

Revenue advanced 16.4 percent to $1.21 billion from $1.04 billion in the 2013 first half.