SRCL Stericycle
Stericycle is a compliance company that specializes in collecting and disposing regulated substances, such as medical waste and sharps, pharmaceuticals, hazardous waste, and providing services for recalled and expired goods. It also provides related education and training services, and patient communication services. The company was founded in 1989 and is headquartered in Bannockburn, Illinois, with many more bases of operation around the world, including Medical waste incinerators in Utah and North Carolina. Stericycle, Inc., together with its subsidiaries, offers regulated waste management services, sharps disposal containers to reduce the risk of needlesticks, healthcare compliance services, pharmaceutical disposal, and regulated returns management services for expired or recalled products through incineration processes. In addition, with the acquisition of Shred-it in 2015, Stericycle also offers secure information destruction services including document and hard drive destruction.
Company profile
Ticker
SRCL
Exchange
Website
CEO
Cindy Miller
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
SEC CIK
Corporate docs
IRS number
363640402
SRCL stock data
()
Press releases
Stericycle Communication Solutions Survey Finds Patient Satisfaction Declined During Pandemic
9 Mar 21
Stericycle to Present at Raymond James 42nd Annual Virtual Institutional Investors Conference in March
15 Feb 21
Stericycle to Participate in J.P. Morgan 2021 Virtual Global High Yield & Leveraged Finance Conference in March
15 Feb 21
Stericycle, Inc. Resolves EPA Investigation in Utah
29 Jan 21
Calendar
25 Feb 21
13 Apr 21
31 Dec 21
Financial summary
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Annual (USD) |
Dec 20 | Dec 19 | Dec 18 | Dec 17 | |
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Financial data from Stericycle earnings reports.
| Cash burn rate (estimated) | Burn method: Change in cash | Burn method: Operating income/loss | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 53.3M | 53.3M | 53.3M | 53.3M | 53.3M | 53.3M |
| Cash burn (monthly) | 2.03M | (positive/no burn) | (positive/no burn) | 1.22M | (positive/no burn) | (positive/no burn) |
| Cash used (since last report) | 7M | n/a | n/a | 4.19M | n/a | n/a |
| Cash remaining | 46.3M | n/a | n/a | 49.11M | n/a | n/a |
| Runway (months of cash) | 22.8 | n/a | n/a | 40.4 | n/a | n/a |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 12 Mar 21 | Richard J Hoffman | Common Stock | Payment of exercise | Dispose F | No | No | 68.5 | 368 | 25.21K | 9,597 |
| 12 Mar 21 | Richard J Hoffman | Common Stock | Option exercise | Aquire M | No | No | 0 | 1,254 | 0 | 9,965 |
| 12 Mar 21 | Richard J Hoffman | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 1,254 | 0 | 9,249 |
| 12 Mar 21 | Moore Richard Michael | Common Stock | Payment of exercise | Dispose F | No | No | 68.5 | 269 | 18.43K | 3,535 |
| 12 Mar 21 | Moore Richard Michael | Common Stock | Option exercise | Aquire M | No | No | 0 | 915 | 0 | 3,804 |
| 12 Mar 21 | Moore Richard Michael | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 915 | 0 | 16,104 |
| 11 Mar 21 | Dominic Culotta | Common Stock | Payment of exercise | Dispose F | No | No | 68.67 | 462 | 31.73K | 1,697 |
| 11 Mar 21 | Dominic Culotta | Common Stock | Option exercise | Aquire M | No | No | 0 | 1,680 | 0 | 2,159 |
| 11 Mar 21 | Dominic Culotta | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 1,680 | 0 | 9,142 |
| 11 Mar 21 | Richard J Hoffman | Common Stock | Payment of exercise | Dispose F | No | No | 68.67 | 357 | 24.52K | 8,711 |
Institutional ownership Q4 2020
Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.
98.4% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 370 |
| Opened positions | 55 |
| Closed positions | 29 |
| Increased positions | 103 |
| Reduced positions | 137 |
13F shares |
Current |
|---|---|
| Total value | 7.54B |
| Total shares | 90.1M |
| Total puts | 134.9K |
| Total calls | 123.9K |
| Total put/call ratio | 1.1 |
Largest owners |
Shares | Value |
|---|---|---|
| Alliancebernstein | 8.29M | $574.83M |
| Vanguard | 8.06M | $558.74M |
| BLK Blackrock | 7.44M | $515.94M |
| TROW T. Rowe Price | 6.67M | $462.74M |
| Baillie Gifford & Co | 4.77M | $330.37M |
| Clarkston Capital Partners | 4.38M | $304M |
| Ariel Investments | 3.1M | $214.93M |
| Capital Research Global Investors | 2.62M | $181.64M |
| Southpoint Capital Advisors | 2.5M | $173.33M |
| Ubs Global Asset Management Americas | 2.32M | $160.55M |
Financial report summary
?Management Discussion
- (1)Growth is a change in revenues excluding the impact of SOP pricing, divestitures and foreign exchange.
- (2)The comparisons at constant currency rates (foreign exchange) reflect comparative local currency balances at prior period’s foreign exchange rates. Stericycle calculated these percentages by taking current period reported Revenues less the respective prior period reported Revenues, divided by the prior period reported Revenues, all at the respective prior period’s foreign exchange rates. This measure provides information on the change in Revenues assuming that foreign currency exchange rates have not changed between the prior and the current period. Management believes the use of this measure aids in the understanding of changes in Revenues without the impact of foreign currency.
- For the year ended December 31, 2020 as compared to the prior year, organic SID and CRS revenues were lower, primarily reflecting COVID-19 pandemic-related business disruption. Organic RWCS revenue was slightly favorable in the current year in comparison to the prior year, primarily reflecting organic growth from our quality of revenue initiatives and sustainable value-added services we provide to customers. RWCS saw COVID-19 pandemic-related headwinds in the maritime waste services business, along with the continued trend of patients deferring elective surgeries. However, these negative trends were largely offset by increased COVID-19 waste and mail-back volume along with our new pop-up testing centers and non-health care PPE service.
Content analysis
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Financial reports
10-K
2020 FY
Annual report
25 Feb 21
10-Q
2020 Q3
Quarterly report
5 Nov 20
10-Q
2020 Q2
Quarterly report
6 Aug 20
10-Q
2020 Q1
Quarterly report
7 May 20
10-K
2019 FY
Annual report
28 Feb 20
10-Q
2019 Q3
Quarterly report
31 Oct 19
10-Q
2019 Q2
Quarterly report
1 Aug 19
10-Q
2019 Q1
Quarterly report
2 May 19
10-K
2018 FY
Annual report
27 Feb 19
10-Q
2018 Q3
Quarterly report
1 Nov 18
Current reports
8-K
2020 Q3
Stericycle, Inc. Reports Results
25 Feb 21
8-K
2020 Q3
Other Events
2 Dec 20
8-K
Entry into a Material Definitive Agreement
23 Nov 20
8-K
Stericycle Announces Pricing of $500.0 Million Senior Notes Offering
10 Nov 20
8-K
Stericycle Announces Proposed Offering of $400.0 Million Aggregate Principal Amount of Senior Notes
9 Nov 20
8-K
2020 Q3
Stericycle, Inc. Reports Results
5 Nov 20
8-K
Stericycle, Inc. Reports Results
6 Aug 20
8-K/A
Departure of Directors or Certain Officers
8 Jul 20
8-K
Departure of Directors or Certain Officers
19 Jun 20
8-K
Other Events
5 Jun 20
Registration and prospectus
S-8
Registration of securities for employees
10 Aug 20
25-NSE
Exchange delisting
13 Sep 18
S-8
Registration of securities for employees
25 Jan 18
S-8
Registration of securities for employees
25 Jan 18
S-8
Registration of securities for employees
14 Nov 16
8-A12B
Registration of securities on exchange
14 Sep 15
424B2
Prospectus for primary offering
10 Sep 15
FWP
Free writing prospectus
9 Sep 15
424B5
Prospectus supplement for primary offering
8 Sep 15
S-3ASR
Automatic shelf registration
7 Sep 15
Proxies
DEFA14A
Additional proxy soliciting materials
9 Apr 20
DEF 14A
Definitive proxy
9 Apr 20
DEFA14A
Additional proxy soliciting materials
10 Apr 19
DEF 14A
Definitive proxy
10 Apr 19
PX14A6G
Letter to shareholders
27 Apr 18
DEF 14A
Definitive proxy
12 Apr 18
DEFA14A
Additional proxy soliciting materials
12 Apr 18
DEF 14A
Definitive proxy
13 Apr 17
DEFA14A
Additional proxy soliciting materials
13 Apr 17
DEFA14A
Additional proxy soliciting materials
14 Apr 16
Other
UPLOAD
Letter from SEC
13 Sep 20
CORRESP
Correspondence with SEC
8 Sep 20
CORRESP
Correspondence with SEC
26 Aug 20
UPLOAD
Letter from SEC
23 Aug 20
UPLOAD
Letter from SEC
14 Jul 19
CORRESP
Correspondence with SEC
2 Jul 19
UPLOAD
Letter from SEC
17 Jun 19
UPLOAD
Letter from SEC
29 Jul 18
CORRESP
Correspondence with SEC
25 Jul 18
UPLOAD
Letter from SEC
17 Sep 17
Ownership
4
STERICYCLE / Cindy J Miller ownership change
15 Mar 21
4
STERICYCLE / Daniel Ginnetti ownership change
15 Mar 21
4
STERICYCLE / Michael Weisman ownership change
15 Mar 21
4
STERICYCLE / Joseph Anthony Reuter ownership change
15 Mar 21
4
STERICYCLE / Janet Zelenka ownership change
15 Mar 21
4
STERICYCLE / Stephen Cory White ownership change
15 Mar 21
4
STERICYCLE / Richard Michael Moore ownership change
15 Mar 21
4
STERICYCLE / Richard J Hoffman ownership change
15 Mar 21
4
STERICYCLE / Dominic Culotta ownership change
15 Mar 21
4
STERICYCLE / Stephen Cory White ownership change
10 Mar 21
Transcripts
2020 Q4
Earnings call transcript
25 Feb 21
2020 Q3
Earnings call transcript
5 Nov 20
2020 Q2
Earnings call transcript
6 Aug 20
2020 Q1
Earnings call transcript
7 May 20
2019 Q4
Earnings call transcript
27 Feb 20
2019 Q3
Earnings call transcript
31 Oct 19
2019 Q2
Earnings call transcript
1 Aug 19
2019 Q1
Earnings call transcript
2 May 19
2018 Q4
Earnings call transcript
1 Mar 19
2018 Q3
Earnings call transcript
1 Nov 18