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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

SRCL stock data

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Calendar

29 Apr 21
31 Jul 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
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Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
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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) 50M 50M 50M 50M 50M 50M
Cash burn (monthly) 1.1M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 4.42M n/a n/a n/a n/a n/a
Cash remaining 45.58M n/a n/a n/a n/a n/a
Runway (months of cash) 41.4 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
12 Jul 21 Stephen Cory White Common Stock Sell Dispose S No Yes 70.72 1,390 98.3K 2,414
1 Jul 21 Zelenka Janet Common Stock Payment of exercise Dispose F No No 72.2 1,049 75.74K 7,599
1 Jul 21 Zelenka Janet Common Stock Option exercise Aquire M No No 0 2,366 0 8,648
1 Jul 21 Zelenka Janet Common Stock Payment of exercise Dispose F No No 72.2 1,049 75.74K 6,282
1 Jul 21 Zelenka Janet Common Stock Option exercise Aquire M No No 0 2,366 0 7,331
1 Jul 21 Zelenka Janet RSU Common Stock Option exercise Dispose M No No 0 2,366 0 18,188
1 Jul 21 Zelenka Janet RSU Common Stock Option exercise Dispose M No No 0 2,366 0 35,565
7 Jun 21 Daniel Ginnetti Common Stock Sell Dispose S No Yes 76.0734 16,436 1.25M 8,911
7 Jun 21 Daniel Ginnetti Common Stock Option exercise Aquire M No Yes 48.59 16,436 798.63K 25,347
7 Jun 21 Daniel Ginnetti Common Stock Sell Dispose S No Yes 77.96 44 3.43K 8,911

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

96.7% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 360 371 -3.0%
Opened positions 33 57 -42.1%
Closed positions 44 30 +46.7%
Increased positions 119 103 +15.5%
Reduced positions 134 136 -1.5%
13F shares
Current Prev Q Change
Total value 7.15B 7.34B -2.7%
Total shares 88.72M 88.72M +0.0%
Total puts 142.7K 134.9K +5.8%
Total calls 325.1K 123.9K +162.4%
Total put/call ratio 0.4 1.1 -59.7%
Largest owners
Shares Value Change
Alliancebernstein 8.6M $580.6M +3.7%
Vanguard 8.24M $556.36M +2.3%
BLK Blackrock 7.7M $519.54M +3.4%
TROW T. Rowe Price 6.53M $440.59M -2.2%
Baillie Gifford & Co 4.73M $319.19M -0.8%
Clarkston Capital Partners 4.47M $301.76M +1.9%
Ariel Investments 3.68M $248.71M +18.8%
Southpoint Capital Advisors 3M $202.53M +20.0%
Capital Research Global Investors 2.94M $198.3M +12.1%
STT State Street 2.09M $141.14M +0.8%
Largest transactions
Shares Bought/sold Change
Saddle Point Management 1.37M +1.37M NEW
Iridian Asset Management 0 -1.1M EXIT
Norges Bank 0 -817.35K EXIT
Ubs Global Asset Management Americas 1.54M -780.47K -33.7%
Teacher Retirement System Of Texas 10.23K -644.82K -98.4%
Ariel Investments 3.68M +583.89K +18.8%
Mondrian Investment Partners 1.43M +562.11K +65.0%
Southpoint Capital Advisors 3M +500K +20.0%
Citadel Advisors 20.61K -387.26K -94.9%
JPM JPMorgan Chase & Co. 1.74M +362.39K +26.3%

Financial report summary

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Management Discussion
  • Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations
  • This document may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. When we use words such as “believes”, “expects”, “anticipates”, “estimates”, “may”, “plan”, “will”, “goal”, or similar expressions, we are making forward-looking statements. Forward-looking statements are prospective in nature and are not based on historical facts, but rather on current expectations and projections of our management about future events and are therefore subject to risks and uncertainties, which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. Factors that could cause such differences include, among others, developments in the COVID-19 pandemic and the resulting impact on the results of operations, long-term remote work arrangements, which may adversely affect our business, precautions we have taken to safeguard the health and safety of our team members which may make certain of our business processes less efficient, measures taken by governmental authorities to prevent the spread of the COVID-19 virus which could disrupt our supply chain, result in disruptions in transportation services and restrictions on the ability of our team members to travel, result in temporary closure of our facilities or the facilities of our customers and suppliers, affect the volume of paper processed by our secure information destruction business and the revenue generated from the sale of SOP, disruptions in our relationships with our team members as a result of certain cost-saving measures, an economic slowdown in the U.S. and other countries resulting from the outbreak of the COVID-19 virus, changing market conditions in the healthcare industry, competition and demand for services in the regulated waste and secure information destruction industries, SOP pricing volatility, foreign exchange rate volatility in the jurisdictions in which we operate, changes in governmental regulation of the collection, transportation, treatment and disposal of regulated waste or the proper handling and protection of personal and confidential information, the level of government enforcement of regulations governing regulated waste collection and treatment or the proper handling and protection of personal and confidential information, decreases in the volume of regulated wastes or personal and confidential information collected from customers, the ability to implement our new ERP system, disruptions in or attacks on information technology systems, charges related to portfolio optimization or the failure of divestitures to achieve the desired results, failure to consummate transactions with respect to non-core businesses, the obligations to service substantial indebtedness and comply with the covenants and restrictions contained in our credit agreements and notes, a downgrade in our credit rating resulting in an increase in interest
  • expense, political, economic, inflationary and other risks related to our foreign operations, the outcome of pending or future litigation or investigations including with respect to the U.S. Foreign Corrupt Practices Act, weather and environmental changes related to climate change, requirements of customers and investors for net carbon zero emissions strategies, and the introduction of regulations for greenhouse gases, which could negatively affect our costs to operate, failure to maintain an effective system of internal control over financial reporting, delays or failures in implementing remediation efforts with respect to potential future material weaknesses, as well as other factors described in our filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-K and subsequent Quarterly Reports on Forms 10-Q. As a result, past financial performance should not be considered a reliable indicator of future performance, and investors should not use historical trends to anticipate future results or trends. We disclaim any obligation to update or revise any forward-looking or other statements contained herein other than in accordance with legal and regulatory obligations.
Content analysis
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