SRCL - Stericycle: Watch Potential Revenue Recovery And Margin Improvement

2024-05-22 12:27:19 ET

Summary

• SRCL's Q1 2024 operating margins beat expectations, and the company's EBITDA margin is expected to improve significantly for full-year 2024.
• I anticipate that Stericycle's Secure Information Destruction segment can realize a turnaround due to a more favorable base for YoY comparison in 2H and the introduction of a subscription service.
• My Buy rating for SRCL stays intact following an assessment of its outlook and valuations.

Elevator Pitch

I rate Stericycle, Inc. ( SRCL ) stock as a Buy. I previously reviewed SRCL's Q4 2023 financial results in my prior article written on March 3, 2024....

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