Stericycle, Inc. Earnings Cheat Sheet: Fifth Consecutive Quarter of Double-Digit Revenue Growth
S&P 500 (NYSE:SPY) component Stericycle, Inc. (NASDAQ:SRCL) reported its results for the second quarter. Stericycle, Inc. manages regulated waste and provides related services. It operates in the United States, Canada, Argentina, Chile, Mexico, Ireland, Portugal, Romania, and the United Kingdom.
Stericycle Earnings Cheat Sheet for the Second Quarter
Results: Net income for the waste management company rose to $55.5 million (63 cents per share) vs. $53.1 million (61 cents per share) in the same quarter a year earlier. This marks a rise of 4.6% from the year earlier quarter.
Revenue: Rose 18% to $410.4 million from the year earlier quarter.
Actual vs. Wall St. Expectations: SRCL reported adjusted net income of 69 cents per share. By that measure, the company fell in line with the mean estimate of 69 cents per share. It beat the average revenue estimate of $396.8 million.
The company has enjoyed double-digit year-over-year percentage revenue growth for the past five quarters. Over that span, the company has averaged growth of 20.9%, with the biggest boost coming in the fourth quarter of the last fiscal year when revenue rose 25.5% from the year earlier quarter.
The company has now seen net income rise in three straight quarters. In the first quarter, net income rose 15.7% and in the fourth quarter of the last fiscal year, the figure rose 12%.
The company fell in line with estimates last quarter after topping expectations in the previous two quarters. In the first quarter, it topped the mark by 3 cents, and in the fourth quarter of the last fiscal year, it was ahead by 5 cents.
Competitors to Watch: Waste Management, Inc. (NYSE:WM), Republic Services, Inc. (NYSE:RSG), Sharps Compliance Corp. (NASDAQ:SMED), Environmental Waste Intl. Inc. (NYSE:EWS), The TEG Group PLC (NYSE:TEG).
(Source: Xignite Financials)