Stericycle Reports Higher Net Income, Revenue in Third Quarter

Stericycle Inc.  reported double digit percentage increases in net income and revenue for its third quarter.

The Lake Forest, Ill.-based medical waste company said in a news release that net income for the period ended Sept. 30 rose 10.6 percent to $65.5 million, or 75 cents per diluted share, compared with $59.2 million, or 68 cents per diluted share, in the 2011 quarter.

Revenue climbed 14.2 percent to $480.5 million in the 2012 quarter from $420.9 million a year earlier.

For the first nine months of 2012 Stericycle's net income jumped 15.8 percent to $199.4 million, or $2.28 per diluted share, compared with $170.5 million, or $1.95 per diluted share, in 2011.

Revenue advanced 14.6 percent to $1.41 billion, compared with $1.23 billion a year earlier.