BANNOCKBURN, Ill., April 28, 2022 (GLOBE NEWSWIRE) -- Stericycle, Inc. (Nasdaq: SRCL) today reported results for the first quarter ended March 31, 2022.

Revenues for the first quarter were $664.2 million, a decrease of 0.6% compared to $668.0 million in the first quarter of 2021. Organic revenues increased 2.1%. Income from operations was $5.9 million compared to $59.1 million in the first quarter of 2021. Net loss was $14.2 million, or $0.15 diluted loss per share, compared to net income of $26.1 million, or $0.28 diluted earnings per share, in the first quarter of 2021. Adjusted income from operations was $59.0 million, compared to $110.0 million in the first quarter of 2021. Adjusted diluted earnings per share was $0.32, compared to $0.71 in the first quarter of last year. Cash flow from operations for the three months ended March 31, 2022 was an outflow of $38.8 million, compared to an inflow of $62.6 million in the same period of 2021. Free cash flow was an outflow of $76.3 million for the three months ended March 31, 2022, compared to an inflow of $37.9 million in the same period of 2021.