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Stericycle Inc - SRCL STOCK NEWS

Welcome to our dedicated page for Stericycle news (Ticker: SRCL), a resource for investors and traders seeking the latest updates and insights on Stericycle stock.

Stericycle Inc (Nasdaq: SRCL) is a global leader in providing specialized services tailored for healthcare organizations and commercial businesses of diverse sizes and sectors. Founded over 25 years ago, Stericycle has evolved from a small startup specializing in medical waste management to an industry frontrunner handling complex and highly regulated services. The company's portfolio includes brand protection solutions, environmental & sustainable solutions, patient & customer communication solutions, and regulated waste management & compliance solutions.

Stericycle has a storied history of challenging the status quo by identifying unmet needs and transforming narrowly defined service categories into comprehensive suites of solutions that customers seek. This strategic approach has propelled the company to the Fortune 1000 list and earned it a place among Forbes' 25 most innovative companies.

As a publicly traded entity, Stericycle reported $2.5 billion in revenue in 2014 and has continued to grow, securing its position as the largest provider of medical waste disposal and data destruction services in the United States. Notably, its Shred-It division is nearly twice the size of its nearest competitor.

In recent news, Stericycle's Shred-It brand announced a two-year collaboration with legendary skateboarder Tony Hawk, sponsoring the 2023 Tony Hawk's Vert Alert event and hosting a community shredding initiative to combat identity theft. Additionally, Stericycle has partnered with the National Park Foundation in a $1 million, five-year commitment to support environmental conservation projects, including wetland restoration in Yosemite National Park and Cape Cod National Seashore.

For more information on Stericycle's wide range of services and their latest updates, visit www.stericycle.com.

News

Stericycle, Inc. Reports Results For the Third Quarter 2023

Rhea-AI Summary
Stericycle, Inc. reported a decrease in revenues of 5.3% for the third quarter of 2023 compared to the same period last year. Income from operations also decreased from $50.6 million to $24.2 million. Net income was $2.0 million, or $0.02 diluted earnings per share, compared to $28.0 million, or $0.30 in the third quarter of 2022. However, the company successfully deployed the ERP in the U.S. Regulated Waste and Compliance Services business and saw a 4.1% growth in organic revenues during the ERP deployment.
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Stericycle Named a "Top Company for Women to Work for in Transportation" for the Third Consecutive Year and Listed Among "The Elite 30"

Rhea-AI Summary
Stericycle, Inc. has been recognized as a 'Top Company for Women to Work for in Transportation' by the Women In Trucking Association for the third year in a row. The company was also listed among the top 30 companies with the highest number of industry votes, leading to the additional recognition of 'The Elite 30.' Stericycle champions a culture of supporting women and increasing representation within the organization. It hosts an annual International Women's Summit and has increased the percentage of women in senior and middle management roles. Thirty percent of Stericycle's corporate board is comprised of female directors.
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Shred-it® Annual Data Protection Report Finds Vulnerable Small Businesses Risk Losing More than Money

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Shred-it releases its 13th annual Data Protection Report, revealing concerns and challenges faced by small business leaders (SBLs) regarding information security. The report highlights the high number of data breaches and the financial impact they can have on businesses. It also emphasizes the importance of data protection training and the potential benefits of third-party partnerships.
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Stericycle Continues Partnership with the National Park Foundation to Support Habitats and Restore Wetlands in Yosemite National Park and Cape Cod National Seashore

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Stericycle, Inc. announces additional project locations as part of its partnership with the National Park Foundation, supporting wetland restoration efforts at Yosemite National Park and Cape Cod National Seashore.
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Stericycle and Arbor Day Foundation Extend Partnership to Plant Trees Across the United States and Canada

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Stericycle partners with Arbor Day Foundation to plant 45,000 trees across US and Canada, supporting habitat restoration and disaster recovery.
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Shred-it® Shares Document Security Tips for "Seniors" Young and Old

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Shred-it®, a leading provider in information destruction, is sharing best practices for personal document security to protect seniors of all ages. They recommend securely storing private information, using professional shredders, and being skeptical of fraudsters. In 2022, 2.7 million consumers reported fraud to the FTC. Shred-it® securely shredded and recycled 1 billion pounds of paper in 2022.
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Stericycle CFO and CIO Janet Zelenka Named to the 2023 Crain's Chicago Business Notable Leaders in Finance List

Rhea-AI Summary
Janet Zelenka, CFO and CIO of Stericycle, has been named to the 2023 Crain's Chicago Business Notable Leaders in Finance list. Zelenka has demonstrated extraordinary leadership skills in navigating business challenges and overseeing new frontiers. She joined Stericycle in 2019 as CFO and assumed the additional responsibilities of CIO in 2020. Zelenka's accomplishments and financial acumen make her a valuable asset to Stericycle.
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Stericycle Launches Re-engineered One Gallon, Regulated Waste Containers

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Stericycle, a leading provider of medical waste management and secure information destruction solutions, has announced the launch of re-engineered one-gallon SafeDrop™ Sharps Mail Back and one-gallon CsRx® Controlled Substance Wastage containers. The new containers have a contemporary design, improved ease of use, and are more sustainable. They use 40% less plastic and are compatible with current Stericycle brackets and mounts. The rollout of the re-engineered containers began in May and June 2023 in the U.S. and Canada, respectively.
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Stericycle, Inc. Reports Results For the Second Quarter 2023

Rhea-AI Summary
SRCL: Stericycle, Inc. Reports Q2 2023 Results, Revenues of $669.5M, Down 1.5% YoY. Loss from Operations $24M, Net Loss $49.5M. Key Business Highlights: Grew organic revenues 2.3%, Divested businesses in Brazil, Republic of Korea, Australia, and Singapore for $84M. Adjusted income from operations $76M, Adjusted diluted earnings per share $0.43. Cash flow from operations inflow of $154.9M for 6 months ended June 30, 2023.
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Stericycle to Participate in Raymond James Talking Trash: Waste Day in August

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Stericycle, Inc. CEO and CFO to participate in investor meetings at Raymond James virtual Talking Trash: Waste Day
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FAQ

What is the current stock price of Stericycle (SRCL)?

The current stock price of Stericycle (SRCL) is $61.99 as of November 4, 2024.

What is the market cap of Stericycle (SRCL)?

The market cap of Stericycle (SRCL) is approximately 5.8B.

What services does Stericycle Inc provide?

Stericycle provides brand protection solutions, environmental & sustainable solutions, patient & customer communication solutions, and regulated waste management & compliance solutions.

What is Stericycle's Shred-It division?

Shred-It, a division of Stericycle, specializes in secure information destruction services, including paper shredding and data protection solutions.

Who did Stericycle recently collaborate with?

Stericycle's Shred-It brand recently partnered with legendary skateboarder Tony Hawk for the 2023 Tony Hawk's Vert Alert event and a community shredding initiative.

What environmental projects is Stericycle involved in?

Stericycle has partnered with the National Park Foundation to support wetland restoration projects in Yosemite National Park and Cape Cod National Seashore.

Where is Stericycle headquartered?

Stericycle is headquartered in Bannockburn, Illinois.

How has Stericycle been recognized for its innovation?

Stericycle has been named among the Fortune 1000 list and Forbes' 25 most innovative companies.

What is the financial performance of Stericycle?

Stericycle reported $2.5 billion in revenue in 2014 and continues to grow as a leader in its industry.

How does Stericycle contribute to community safety?

Stericycle's Shred-It brand hosts community shredding events to raise awareness about identity theft and promote privacy protection.

What is the significance of the Tony Hawk partnership?

The partnership highlights the importance of secure information destruction while engaging with diverse audiences and promoting data protection awareness.

What regions does Stericycle operate in?

Stericycle operates globally, with around 20% of its revenue earned outside North America.

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Stericycle Inc

Nasdaq:SRCL

SRCL Rankings

#1180 Ranked by Market Cap
N/A Ranked by Dividends

SRCL Stock Data

5.75B
92.37M
0.37%
88.8%
4.75%
Waste Management
Hazardous Waste Management
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United States of America
BANNOCKBURN