Earnings release
Page 1
* Stericycle NEWS RELEASE Stericycle , Inc. Reports Results For the Second Quarter 2021 8/6/2021 BANNOCKBURN , III . , Aug. 06 , 2021 ( GLOBE NEWSWIRE ) -- Stericycle , Inc. ( Nasdaq : SRCL ) today reported results for the second quarter ended June 30 , 2021 . Revenues for the second quarter were $ 672.7 million , an increase of 12.5 % compared to $ 598.2 million in the second quarter of 2020 , primarily due to more significant COVID - 19 pandemic impacts in the second quarter of 2020. The impact of the ongoing economic recovery from COVID - 19 and quality of revenue initiatives have been partially offset by the impact of divestitures . Organic revenues increased 14.4 % when excluding the impact of divestitures and foreign exchange rates . Income from operations was $ 55.6 million , compared to $ 24.9 million in the second quarter of 2020. Net income was $ 29.3 million , or $ 0.32 diluted earnings per share , compared to a net loss of $ 4.5 million , or $ 0.05 diluted loss per share , in the second quarter of 2020. Adjusted income from operations was $ 105.7 million , compared to $ 85.3 million in the second quarter of 2020. Adjusted diluted earnings per share was $ 0.67 , compared to $ 0.46 in the second quarter of last year . Cash flow from operations for the first half of 2021 was $ 149.8 million , compared to $ 207.3 million for the first half of 2020. Free cash flow for the first half of 2021 was $ 90.1 million , compared to $ 132.7 million for the first half of 2020 . KEY BUSINESS HIGHLIGHTS : ● Regulated Waste and Compliance Services ( " RWCS " ) organic revenues increased 7.6 % in the second quarter compared to 2020 . 1