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.
On May 16, 2022, Stericycle (Nasdaq: SRCL) announced participation at the Jefferies Healthcare Conference in New York on June 8, 2022. CFO Janet Zelenka and VP of Investor Relations Andrew Ellis will engage in a fireside chat and investor meetings. Stericycle is a leading provider of compliance-based solutions, focusing on the protection of people and brands, health promotion, and environmental safety. They operate in the U.S. and 16 other countries, providing services for regulated waste, information destruction, and patient engagement.
Stericycle (Nasdaq: SRCL) announced a $100,000, one-year partnership with the Arbor Day Foundation to support tree replanting in the U.S., Canada, and the U.K. This initiative aims to restore forests affected by human activity and enhance environmental sustainability efforts. The company emphasizes its commitment to the circular economy by promoting health and well-being through environmentally responsible practices. In 2022, Stericycle’s efforts will replant tens of thousands of trees in notable locations, contributing positively to climate change initiatives.
Stericycle (Nasdaq: SRCL) announced that Janet Zelenka, CFO and CIO, alongside Andrew Ellis, VP of Investor Relations, will participate in a fireside chat and investor meetings at the Stifel 2022 Cross Sector Insight Conference in Boston on June 9, 2022. Stericycle is a leading provider of compliance-based solutions in regulated waste, secure information destruction, and patient engagement services. The company operates in the U.S. and 16 other countries, focusing on protecting people, brands, health, and the environment.
Stericycle, Inc. (Nasdaq: SRCL) announced that CEO Cindy J. Miller and CFO Janet Zelenka will present at the Baird 2022 Global Consumer, Technology and Services Conference on June 6, 2022. They will also engage in investor meetings throughout the day. Stericycle is renowned for providing compliance-based solutions that protect people and brands while promoting health and safeguarding the environment. The company operates in the U.S. and 16 other countries, offering services related to regulated waste, secure information destruction, and patient engagement.
Stericycle reported Q1 2022 results with revenues at $664.2 million, down 0.6% from Q1 2021. Organic revenue rose 2.1%, driven by a 9.5% increase in Secure Information Destruction, partially offset by a 1.0% decline in Regulated Waste and Compliance Services due to reduced COVID-19 transactional volumes. The company experienced a net loss of $14.2 million and cash flow from operations declined by $101.4 million. Stericycle reaffirmed its 2022 annual guidance while resolving previous FCPA investigations.
Stericycle has resolved anti-corruption investigations involving its Latin American operations, which began in 2017, by reaching agreements with the U.S. DOJ, SEC, and Brazilian authorities. The company will pay approximately $90 million, primarily accrued in late 2021. Stericycle has transformed its leadership and implemented robust compliance measures. Under a Deferred Prosecution Agreement, the company will be monitored for three years to ensure compliance. CEO Cindy J. Miller stated that this marks a significant milestone in the company’s transformation journey.
Stericycle (Nasdaq: SRCL) has introduced the SafeShield™ antimicrobial medical waste containers, enhancing its medical waste management solutions. These containers feature antimicrobial properties to combat microorganisms, an improved design for secure storage, and increased durability for transport. With plans to replace over 150 existing container types with fewer than 20, Stericycle aims for a phased rollout, delivering approximately 290,000 containers in 2022. This initiative reflects Stericycle's commitment to sustainability and customer needs, as they recycle decommissioned containers to minimize landfill waste.
Stericycle, Inc. (Nasdaq: SRCL) announced that CEO Cindy J. Miller and CFO Janet Zelenka will present at the Stifel Investor Summit at WasteExpo in Las Vegas on May 9, 2022, at 1:30 PM PDT. Throughout the day, they will engage in additional investor meetings. Stericycle is a leading provider of compliance-based solutions, offering services in waste management, secure information destruction, and patient engagement, serving customers across the U.S. and 16 countries.
Main Line Health has partnered with Yext (NYSE: YEXT) and Stericycle (Nasdaq: SRCL) to improve patient search and scheduling on its website. Utilizing Yext's AI-powered search and Stericycle's scheduling solutions, patients can now easily find doctors and book appointments online. This collaboration aims to enhance the digital experience for patients, reflecting a commitment to patient-centric healthcare. This initiative marks a significant step in Main Line Health’s ongoing digital transformation, ensuring convenience in healthcare access.
Stericycle (SRCL) announced its fourth-quarter results for 2021, reporting revenues of $657.3 million, a slight increase from $655.9 million in Q4 2020. Organic revenue growth was 3.5%, driven by a 7.4% increase in Secure Information Destruction (SID). However, the company faced a net loss of $17.2 million, a significant decline from a profit of $48.5 million in the previous year. Adjusted income from operations fell to $64.2 million from $108.6 million. Free cash flow for 2021 decreased to $186.2 million, down from $410.7 million in 2020, reflecting operational and inflationary pressures.
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