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Stericycle Inc (SRCL.OQ)

SRCL.OQ on NASDAQ Stock Exchange Global Select Market

62.50USD
20 Nov 2017
Change (% chg)

$-0.26 (-0.41%)
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Latest Key Developments (Source: Significant Developments)

Stericycle Inc says entered into credit agreement
Monday, 20 Nov 2017 08:53am EST 

Nov 20 (Reuters) - Stericycle Inc :Stericycle Inc says entered into credit agreement dated as of november 17, 2017 among co, units, borrowers​ and other lenders - sec filing.Stericycle - ‍credit agreement provides for revolving credit facility under which co may borrow and obtain letters of credit up to $1.2 billion.Stericycle Inc - ‍credit agreement provides for term loan facility under which co obtained term loans in aggregate principal amount of $950 million​.Stericycle Inc - ‍term loan facility and revolving credit facility will mature on november 17, 2022​.  Full Article

Stericycle Inc says co approved a restructuring plan to reduce headcount
Thursday, 16 Nov 2017 08:18am EST 

Nov 16 (Reuters) - Stericycle Inc ::On November 14, co approved a restructuring plan to reduce headcount in connection with its business transformation​.Expects to incur severance costs in range of about $7 to $10 million in connection with restructuring plan and recent headcount reductions​.Severance costs will be accrued as a pre-tax charge in quarter ending December 31, 2017​.Says ‍restructuring plan will impact about 335 employees, all of which are expected to require cash expenditures - SEC filing​.  Full Article

Stericycle reports Q3 earnings per share $0.41
Wednesday, 8 Nov 2017 04:02pm EST 

Nov 8 (Reuters) - Stericycle Inc :Stericycle Inc reports third-quarter 2017 results.Q3 adjusted earnings per share $1.10.Q3 earnings per share $0.41.Q3 revenue $882.8 million versus I/B/E/S view $896.6 million.Q3 earnings per share view $1.14 -- Thomson Reuters I/B/E/S.  Full Article

Stericycle enters into settlement with plaintiffs
Wednesday, 18 Oct 2017 06:47am EDT 

Oct 18 (Reuters) - Stericycle Inc ::Stericycle says ‍on Oct 17, co entered into settlement with plaintiffs, counsel in a multidistrict litigation proceeding - SEC filing ​.Stericycle Inc - litigation proceeding is ‍known as in Re: Stericycle, Inc., Steri-Safe contract litigation, case no. 1:13-CV-05795​.Stericycle - ‍under terms of settlement, co will establish common fund of $295 million​.Stericycle - common fund will be used for compensation to members of settlement class, among others.  Full Article

Stericycle Q2 adjusted earnings per share $1.15
Thursday, 3 Aug 2017 04:02pm EDT 

Aug 3 (Reuters) - Stericycle Inc ::Stericycle Inc reports results for the second quarter and year to date 2017.Q2 adjusted earnings per share $1.15.Q2 revenue $917.7 million versus I/B/E/S view $903.8 million.Q2 earnings per share view $1.13 -- Thomson Reuters I/B/E/S.Q2 loss per share $1.74.  Full Article

Stericycle reports Q1 adjusted earnings per share $1.09
Thursday, 4 May 2017 04:02pm EDT 

May 4 (Reuters) - Stericycle Inc :Stericycle, Inc. Reports results for the first quarter of 2017.Q1 adjusted earnings per share $1.09.Q1 earnings per share $0.62.Q1 revenue $892.4 million versus i/b/e/s view $874.3 million.Q1 earnings per share view $1.05 -- Thomson Reuters I/B/E/S.Qtrly organic revenues grew 2.1%, or 3.6% when adjusted for manufacturing and industrial services.  Full Article

Stericycle issues statement on class certification order
Friday, 17 Feb 2017 02:23pm EST 

Stericycle Inc : Stericycle statement on class certification . "Order does not address underlying merits of allegations" . Court acknowledges that certification does not indicate that contractual pricing at issue is inappropriate .Released statement regarding class certification order issued on Feb 16, by U.S. district court for Northern district of Illinois.  Full Article

Stericycle for Q4 expects to record charges of about $65-$75 million to pre-tax income
Thursday, 26 Jan 2017 04:26pm EST 

Stericycle Inc : Stericycle Inc - for Q4 of 2016, Stericycle, inc expects to record charges of approximately $65-$75 million to pre-tax income . Stericycle Inc- anticipates approximately $30-$32 million of total charges for Q4 will be adjusting items consistent with co's historical classifications . Stericycle Inc- does not expect its 2017 guidance for adjusted diluted earnings per share or free cash flow to change as a result of these charges . Stericycle Inc - pre-tax charges are primarily related to write-down of certain assets in United Kingdom . FY2017 earnings per share view $4.61, revenue view $3.60 billion -- Thomson Reuters I/B/E/S . Stericycle Inc- company expects balance of charges to reduce both GAAP and non-GAAP net income for Q4 by approximately $35-$43 million on a pre-tax basis .Stericycle Inc - company has written down value of certain assets due to disposal of certain M&I assets in U.K. and classification of other assets in U.K..  Full Article

BRIEF-Stericycle says to restate results for three quarters of 2015
Thursday, 28 Jul 2016 04:04pm EDT 

Stericycle Inc : Says restatement had no effect on net income for fiscal year ended December 31, 2015 . Says Co's board determined that consolidated financial statements for quarters ended March 31, 2015, June 30, 2015 and Sept 30, 2015 should no longer be relied . Cites errors in timing of recognition of certain loss reserves - SEC filing . Errors in timing of recognition of certain loss reserves relate to Co's settlement of two previously disclosed litigation matters . Says identified accounting errors had no effect on Co's audited annual results for fiscal year ended Dec 31, 2015 .says it will restate portions of its interim condensed consolidated financial statements for affected periods to reflect modified timing of recognition of these losses.  Full Article

Stericycle Inc reports results for the Q2 and year to date 2016
Thursday, 28 Jul 2016 04:03pm EDT 

Stericycle Inc : Stericycle, Inc. reports results for the second quarter and year to date 2016 . Q2 GAAP earnings per share $0.43 . Q2 revenue $891.6 million versus I/B/E/S view $912.8 million . Q2 earnings per share view $1.18 -- Thomson Reuters I/B/E/S .Q2 adjusted Non-GAAP earnings per share $1.18.  Full Article

BRIEF-Stericycle Inc says co approved a restructuring plan to reduce headcount

* On November 14, co approved a restructuring plan to reduce headcount in connection with its business transformation​