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Holly LaFon
Holly LaFon
Articles (10163)  | Author's Website |

John Rogers Comments on Stericycle

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July 17, 2019 | About:

Waste management services provider, Stericycle, Inc. (NASDAQ:SRCL) also detracted from performance, falling - 12.26% in the period. Despite an earnings shortfall relative to Wall Street estimates, the financial results were relatively in line with management’s expectations. As such, SRCL reiterated its confidence in the business and reaffirmed full year guidance. The company expects quarterly revenue and profits to improve sequentially throughout 2019, driven by seasonality and initiatives the new management team is implementing to increase sales, improve profitability and reduce costs. Looking ahead, we continue to view SRCL as solid franchise with stable long-term growth prospects, including margin expansion opportunities and strong free cash flow generation resulting from ongoing strategic transformation initiatives.

From John Rogers (Trades, Portfolio)' second-quarter 2019 Ariel Fund commentary.

About the author:

Holly LaFon
I'm a financial journalist with a Master of Science in journalism from Medill at Northwestern University.

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