Stericycle is grappling with near-term pricing headwinds; ample growth opportunities still exist.
Narrow-moat medical waste specialist Stericycle's second-quarter revenue declined 3.2% on an organic basis. Revenue trends came in shy of our expected run rate for the year mainly because of a weaker-than-expected showing in the communication services division, or C&RS, which saw less recall project work and a falloff in call volumes. Core regulated medical waste segment organic revenue fell roughly 4%, which didn't deviate drastically from our expected run rate (it came in ahead last quarte...Stericycle is engaged in the medical and hazardous waste management and secure information services. The company's segments are: North America, and International Regulated Waste and Compliance Services, which provides medical waste management services, pharmaceutical waste services, compliance programs, retail and healthcare, industrial and manufacturing hazardous waste management and secure information destruction; and Domestic Communication and Related Services, which provides appointment reminders, secure messaging, event registration, and other communications mainly for hospitals and integrated delivery network's as well as regulated recall and returns management communication, and logistics.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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