Illinois-based medical waste firm Stericycle Inc. has posted Q4 2013 revenues of $567.9 million, up 12.8 per cent from the same quarter in 2012.
In a statement to media, the company said its acquisitions contributed approximately $32.4 million to the current period’s growth in revenues. Revenues increased 13.8 per cent compared to the prior period when adjusted for unfavorable foreign exchange impacts of $5.4 million. Gross profit was $253.3 million, up 11.6 per cent from $227.0 million in the fourth quarter of 2012.
Net income for the quarter ended Dec. 31 rose 11.6 percent to $78 million, or 90 cents per share, compared with $70 million, or 80 cents per share, in same period during 2012.