Report
Barbara Noverini
EUR 101.80 For Business Accounts Only

Stericycle Reports Strength in Product Recalls and Shred-It as it Closes the Books on a Tough 2016

We’re reiterating our $105 fair value estimate for wide moat Stericycle as it closed the books on a rather tumultuous year. Fourth-quarter results left us optimistic that Stericycle’s ability to drive sales in other parts of its portfolio will help offset the near-term challenges faced by its small quantity medical waste business. Revenue increased 2% to $906 million in the quarter, reflecting approximately 4.4% of organic and 0.5% of acquired revenue growth that were masked by the negative impa...
Underlying
Stericycle Inc.

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.

Provider
Morningstar
Morningstar

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.

We have operations in 27 countries.

Analysts
Barbara Noverini

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