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Stericycle reported third-quarter 2021 revenues of $648.9 million, a 2.0% increase from $636.4 million in Q3 2020, driven by growth in Regulated Waste and Compliance Services (RWCS). However, the company faced a $66.0 million net loss, an improvement from $81.2 million in the same period last year. Adjusted income from operations fell to $72.5 million from $101.0 million year-over-year. Cash flow from operations significantly declined to $202.2 million, down $163.0 million from 2020. Stericycle also completed its ERP system deployment, which is expected to enhance operational efficiency.
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Shred-it, part of Stericycle (SRCL), has published its 11th annual Data Protection Report, highlighting the heightened risks related to data security. Conducted amidst the COVID-19 pandemic, the report indicates that 25% of North American businesses anticipate a data breach within the year. It reveals that 50% of business leaders lack an incident response plan. The report underscores the need for robust data protection measures due to increasing regulations and the potential for both reputational and financial damage from breaches.
Stericycle (Nasdaq: SRCL) announced its participation in the virtual BofA Securities 2021 Leveraged Finance Conference. Ritu Narula, Vice President & Treasurer, and Andrew Ellis, Vice President of Investor Relations, will host investor calls on November 30, 2021. Stericycle is recognized as a leading provider of compliance-based solutions and operates across 16 countries, focusing on regulated waste, information destruction, and patient engagement. The company is committed to protecting health and the environment, enhancing brand safety, and ensuring compliance.
Stericycle, a leading provider of compliance solutions, will participate in the Baird 2021 Global Industrial Conference on November 11, 2021. CEO Cindy Miller and CFO Janet Zelenka will host a fireside chat and engage in investor meetings. The company, traded under the Nasdaq symbol SRCL, specializes in regulated waste management, secure information destruction, and patient engagement, providing services across the U.S. and 16 countries. For more information, visit www.stericycle.com.
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Stericycle (Nasdaq: SRCL) has been recognized as a 2021 Watch List Company by Training Industry for its Steri-Safe OSHA and HIPAA training solutions. This recognition highlights Stericycle's commitment to providing innovative compliance training that enhances workplace safety and regulatory adherence. The company's Steri-Safe portfolio includes a variety of training methods and tools to support healthcare facilities in navigating complex regulations. This honor follows Stericycle's Silver Stevie Award for Company of the Year in Health Products and Services.
Stericycle (SRCL) reported a strong second quarter for 2021 with revenues of $672.7 million, up 12.5% year-over-year, driven by ongoing economic recovery from COVID-19. Organic revenues surged 14.4%, led by a 34.2% increase in Secure Information Destruction services. Net income reached $29.3 million or $0.32 per share, a notable recovery from a loss in the previous year. Despite challenges, adjusted income from operations rose to $105.7 million. However, cash flow from operations and free cash flow both decreased compared to 2020.
Stericycle (Nasdaq: SRCL) announced that CEO Cindy J. Miller has been named to Forbes' inaugural 50 Over 50 list, recognizing women over 50 defying age norms. Miller, who transitioned from a UPS driver to the first female CEO of a publicly traded waste company, emphasizes success knows no limits. Under her leadership since May 2019, Stericycle has modernized operations and enhanced revenue growth, including critical services for pandemic-related medical waste. The recognition highlights Miller’s achievements and the company’s commitment to impactful leadership.
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