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![STERICYCLE INC [SRCL] reports annual net loss of $21,300,000.0](/_next/image?url=https%3A%2F%2F10kinfo-appdata.s3.us-west-2.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FSRCL.png&w=1200&q=75)
STERICYCLE INC [SRCL] has reported a net loss of $21,300,000.0 for year ended Dec 31, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $2.7 billion
Based in BANNOCKBURN, Illinois, STERICYCLE INC operates in the TRANSPORT sector.
During the 12 months ended December 31, 2023, Stericycle, Inc. reported revenues of $2,659.3 million, a slight decrease from the $2,704.7 million recorded in the same period in 2022. The cost of revenues for the current year was $1,644.7 million, down from $1,679.1 million in 2022.
The gross profit for 2023 stood at $1,014.6 million, slightly lower than the $1,025.6 million achieved in the previous year. Income from operations experienced a significant decline, dropping to $77.3 million in 2023 from $153.7 million in 2022.
Despite lower operating income, the net loss for 2023 was reported at $21.3 million, compared to a profit of $56.5 million in 2022. The loss per common share attributable to Stericycle, Inc. common shareholders was $0.23 for both basic and diluted amounts in 2023, contrasting with earnings per share of $0.61 in 2022.
The weighted average number of common shares outstanding remained relatively stable, with 92.4 million shares for both basic and diluted calculations in 2023, compared to 92.1 million and 92.4 million shares, respectively, in 2022.
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