BANNOCKBURN, Ill., Aug. 05, 2022 (GLOBE NEWSWIRE) -- Stericycle, Inc. (Nasdaq: SRCL) today reported results for the second quarter ended June 30, 2022.

Revenues for the second quarter were $679.8 million, an increase of 1.1% compared to $672.7 million in the second quarter of 2021, with organic revenues¹ growing 5.0%. Income from operations was $38.1 million compared to $55.6 million in the second quarter of 2021. Net income was $10.5 million, or $0.11 diluted earnings per share, compared to net income of $29.3 million, or $0.32 diluted earnings per share, in the second quarter of 2021. Adjusted income from operations¹ was $82.0 million, compared to $105.7 million in the second quarter of 2021. Adjusted diluted earnings per share¹ was $0.48, compared to $0.67 in the second quarter of last year. Cash flow from operations for the six months ended June 30, 2022, was an outflow of $18.4 million, compared to an inflow of $149.8 million in the same period of 2021. Free cash flow² was an outflow of $88.4 million for the six months ended June 30, 2022, compared to an inflow of $90.1 million in the same period of 2021.