Stock Monitor: Aqua Metals Post Earnings Reporting
LONDON, UK / ACCESSWIRE / June 7, 2018 / If you want access to our free earnings report on Stericycle, Inc. (NASDAQ: SRCL), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=SRCL. The Company reported its first quarter fiscal 2018 operating and financial results on May 03, 2018. The medical waste management Company reported better than expected revenues and earnings. Additionally, the Company provided guidance for the full fiscal year 2018. Register today and get access to over 1,000 Free Research Reports by joining our site below:
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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Stericycle most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
Earnings Highlights and Summary
For the quarter ended March 31, 2018, Stericycle's revenues were $895.0 million, reflecting a marginal increase of 0.3% from $892.4 million in Q1 2017. Acquisitions contributed $7.1 million to revenues in the reported quarter, while divestitures reduced revenues by $10.8 million. On a constant currency basis, the Company's revenues decreased 1.0% compared to the year ago same period. The Company's revenue numbers exceeded analysts' estimates of $885.2 million.
During Q1 2018, Stericycle's gross profit was $358.5 million, down 2.8% from $368.7 million in Q1 2017. The Company's gross profit as a percentage of revenues was 40.1% versus 41.3% in the prior year's comparable quarter, given the expected impact of pricing of small quantity medical waste customers.
For Q1 2018, Stericycle's earnings totaled $21.0 million, or $0.25 per diluted share, compared to $53.4 million, or $0.62 per diluted share, in Q1 2017. The Company's results for the reported quarter were impacted by certain non-recurring adjusted items, partially offset by the favorable impact of the US tax reform.
Stericycle's adjusted diluted earnings per share (EPS) jumped 11.0% to $1.21 compared to $1.09 in Q1 2017, as a result of the strong performance in the reported quarter and the favorable impact of the US tax reform. The Company's earnings surpassed Wall Street's estimates of $1.04 per share.
During Q1 2018, Stericycle's Regulated Waste and Compliance Services segment's revenues totaled $497.4 million, down 2.5% on a y-o-y basis. The Company's Secure Information Destruction Services segment's revenues rose 3.8% to $219.9 million. Stericycle's Communication and Related Services segment's revenues totaled $91.9 million, down 2.0% compared to the year ago corresponding period. For Q1 2018, Stericycle's Manufacturing and Industrial Services segment's revenues came in at $85.8 million, up 2.6% compared to Q1 2017, in part due to a strong international activity.
During Q1 2018, Stericycle's cash flow from operations was $110.4 million, including $22.1 million of Business Transformation pre-tax charges, and down 34.4% from $168.3 million in Q1 2017.
For the reported quarter, the Company repurchased 151,900 shares of the mandatory preferred convertible for $7.4 million. At the end of Q1 2018, Stericycle had authorization to purchase an additional 2.5 million shares.
For FY18, Stericycle is forecasting annual revenues to be in the range of $3.50 billion to $3.64 billion, using current foreign exchange rates. The Company is estimating Regulated Waste and Compliance Services segment's revenues to be in the band of $1.935 billion to $1.975 billion; Secure Information Destruction Services segment's revenues to be in the range of $875 million to $915 million; Communication and Related Services segment's revenues to be between $355 million to $385 million; and Manufacturing and Industrial Services segment's revenues to be in the band of $335 million to $365 million.
Stericycle is expecting adjusted EPS to be in the range of $4.45 to $4.85 for FY18. The Company is expecting cash from operations to be in the band of $510 million to $560 million.
Stock Performance Snapshot
June 06, 2018 - At Wednesday's closing bell, Stericycle's stock rose 1.08%, ending the trading session at $63.75.
Volume traded for the day: 743.01 thousand shares.
After yesterday's close, Stericycle's market cap was at $5.41 billion.
The stock is part of the Industrial Goods sector, categorized under the Waste Management industry. This sector was up 1.0% at the end of the session.
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