Conference call to be held April 23, 2015 4:00 p.m. Central time – Dial 866-516-6872 at least 5 minutes before start time. If you are unable to participate on the call, a replay will be available through May 23rd by dialing 855-859-2056, access code 39406157. To hear a live simulcast of the call or access the audio archive, visit the investor relations page on www.stericycle.com.
LAKE FOREST, Ill., April 23, 2015 (GLOBE NEWSWIRE) -- Stericycle, Inc. (Nasdaq:SRCL), today reported financial results for the first quarter of 2015.
Revenues for the quarter ended March 31, 2015 were $663.3 million, up 16.4% from $570.0 million in the first quarter last year. Acquisitions contributed approximately $86.3 million to the current period’s growth in revenues. Revenues increased 20.4% compared to the prior period when adjusted for unfavorable foreign exchange impacts of $23.1 million.
Gross profit, reported in accordance with U.S. generally accepted accounting principles (“GAAP”), was $281.3 million, up 10.1% from $255.5 million in the first quarter last year. GAAP gross profit as a percent of revenue was 42.4% compared with 44.8% in the first quarter of 2014. Non-GAAP gross profit, when adjusted as identified in the second of the following tables, was $281.3 million, up 9.9% from $256.0 million in the first quarter last year. Non-GAAP gross profit as a percent of revenues was 42.4% compared to 44.9% in the first quarter of 2014.
GAAP earnings per diluted share decreased 4.4% to $0.87 from $0.91 in the first quarter of 2014. Non-GAAP earnings per diluted share, when adjusted for various items identified in the third of the following tables, increased 3.7% to $1.08 from $1.04. See tables below.
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