Stericycle Inc's Business Segments
Stericycle Inc's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Revenue Share by Reportable Segment - Q3 FY2024
- North America85.5%
- International14.5%
Revenue by Reportable Segment - Q3 FY2024
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| North America | $ 554 | 85.5% |
| International | $ 94 | 14.5% |
Revenue by Product & Service Category - Q3 FY2024
- Regulated Waste and Compliance Services67.7%
- Secure Information Destruction Services32.4%
Revenue by Product & Service Category - Q3 FY2024
| Category | Revenue (Millions) | % of Total |
|---|---|---|
| Regulated Waste and Compliance Services | $ 439 | 67.7% |
| Secure Information Destruction Services | $ 210 | 32.4% |
Product and service categories are a supplemental disclosure and are not required to sum to consolidated revenue or to the reportable segments above.
Description of Stericycle Inc
We were incorporated in 1989 and presently serve approximately 394,600 customers throughout the United States, United Kingdom, Mexico, Canada, Ireland, Argentina and Puerto Rico.
In North America we have a fully integrated, national network that includes 53 processing centers and 93 additional transfer and collection sites. We use this network to provide a broad range of services to our customers related to medical waste management services and regulated return management services. Regulated medical waste management services include servicing a variety of customers to remove and process waste while regulated return management services are physical services provided to companies and individual businesses that assist with the handling of products that are being removed from the supply chain due to recalls and expiration. These services also included advanced notification technology that is used to communicate specific instructions to the users of the product. Our waste treatment technologies include autoclaving, incineration, chemical treatment and our proprietary electro-thermal-deactivation system.
We are in the business of managing regulated waste and providing an array of related services. We operate in the United States, Canada, Mexico, the United Kingdom, Ireland and Argentina.
For large-quantity generators of regulated waste such as hospitals and for pharmaceutical companies and distributors, we offer:
• our institutional regulated waste management services
• our Bio Systems® sharps management services to reduce the risk of needle sticks
• a variety of products and services for infection control
• our regulated returns management services for expired or recalled healthcare products
For small-quantity generators of regulated waste such as doctors’ offices and for retail pharmacies, we offer:
• our regulated waste management services
• our Steri-Safe® Occupational Safety and Health Act and Health Insurance Portability and Accountability Act (“HIPAA”) compliance programs
• a variety of products and services for infection control
• our regulated returns management services for expired or recalled
healthcare products
Our regulated waste processing technologies include autoclaving, our proprietary electro-thermal-deactivation system (“ETD”), chemical treatment and incineration.
CompetitionThe regulated waste industry is highly competitive, and barriers to entry into the regulated waste collection and disposal business and the pharmaceutical returns business are very low. Our competitors consist of many different types of service providers, including a large number of regional and local companies. In the regulated waste industry, another major source of competition is the on-site treatment of regulated waste by some large-quantity generators, particularly hospitals.
In addition, in the regulated waste industry we face potential competition from businesses that are attempting to commercialize alternate treatment technologies or products designed to reduce or eliminate the generation of regulated waste, such as reusable or degradable medical products.
Segments of Service
1. Healthcare Sector:
- Hospitals and healthcare systems represent a major client base, generating significant quantities of regulated waste that must be managed according to strict federal, state, and local regulations.
- Stericycle tailors its services to meet the diverse needs of healthcare facilities, ensuring compliance while protecting the health and safety of patients and employees.
2. Pharmaceutical Companies and Distributors:
- This segment focuses on the unique waste management needs of pharmaceutical businesses, particularly with regard to compliance and handling of expired, recalled, or unused medications.
3. Small Quantity Generators:
- This includes doctors’ offices, dental practices, pharmacies, and other small healthcare providers that generate less regulated waste but still need reliable disposal and compliance services.
Key Products and Services
1. Regulated Waste Management Services:
- Stericycle provides comprehensive waste management solutions, including the collection, transportation, treatment, and disposal of regulated medical waste.
- This service encompasses various waste streams such as sharps, biohazardous waste, and other materials that pose risks to health and safety.
2. Bio Systems® Sharps Management Services:
- Specializing in safe disposal methods, this service reduces the risk of needle-stick injuries while ensuring compliance with regulations governing the disposal of sharps.
- Stericycle offers sharps containers and managed services that help healthcare facilities maintain a safe environment for staff and patients.
3. Infection Control Products and Services:
- Stericycle offers a variety of infection control solutions aimed at preventing the spread of infectious diseases within healthcare settings.
- These products may include disinfection products, personal protective equipment (PPE), and educational materials on best practices for infection prevention.
4. Regulated Returns Management:
- This service involves handling expired or recalled healthcare products, ensuring they are returned safely and disposed of in compliance with all necessary regulations.
- Stericycle’s regulated returns management services allow healthcare providers and pharmaceutical companies to effectively manage inventory while minimizing liability.
5. Steri-Safe® Compliance Programs:
- For small quantity generators, Stericycle provides the Steri-Safe program, designed to help facilities comply with Occupational Safety and Health Act (OSHA) standards and Health Insurance Portability and Accountability Act (HIPAA) regulations.
- This includes training, documentation assistance, and ongoing support to help providers maintain compliance and improve workplace safety.
6. Training and Support Services:
- Stericycle offers training programs tailored for healthcare providers and businesses to ensure that staff understand compliance requirements and best practices for waste management and infection control.
- This service encompasses live training sessions, online courses, and support materials designed to enhance staff awareness and preparedness.
Environmental Sustainability Consultation:
- Stericycle also provides consulting services aimed at helping organizations develop sustainable waste management practices that align with environmental standards and contribute to corporate responsibility goals.
Summary
Stericycle Inc. plays a pivotal role in managing regulated waste and providing safety solutions across various sectors, particularly in healthcare and pharmaceuticals. With a robust portfolio of services including regulated waste management, sharps management, infection control, returns management, and compliance programs, Stericycle is committed to safeguarding public health, promoting safety in the workplace, and ensuring compliance with complex regulatory frameworks. Their extensive approach allows them to serve both large institutions and smaller healthcare providers, addressing their unique needs in waste management and safety compliance.