John Rogers Comments on Stericycle

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Sydnee Gatewood
Apr 21, 2021
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Waste management services provider Stericycle, Inc. (

SRCL, Financial) modestly weighed on relative returns in the quarter due to mixed earnings results. Although revenue was in -line with consensus, earnings-per-share fell short as gross margin and taxes came in worse than expected. Importantly, the core waste collection and disposal business continue to show signs of stability, as waste volume associated with vaccine administration and COVID-19 testing continues to help offset declines in elective surgical procedures and maritime waste services. Looking ahead, we continue to believe SRCL is a solid franchise with stable long-term growth prospects, favorable margin expansion and strong free cash flow generation opportunities.



From

John Rogers (Trades, Portfolio)' Ariel Fund first-quarter 2021 commentary.



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I am the editorial director at GuruFocus. I have a BA in journalism and a MA in mass communications from Texas Tech University. I have lived in Texas most of my life, but also have roots in New Mexico and Colorado. Follow me on Twitter! @gurusydneerg