Stericycle Management Discusses Q2 2012 Results - Earnings Call Transcript

We remain very excited about our future growth opportunity because 80% of our LQ and 70% of our SQ customers only use one of our current service offerings. As customers adopt our multiple services, this can more than double or triple their revenues. For 2012, we anticipate internal growth rates for SQ to be at 8% to 10%; LQ, 5% to 8%; International, 5% to 8%; and Recall and Returns revenues between $110 million and $120 million.

We want to thank each member of our worldwide team for their strong performance and continued commitment to our customers and shareholders. A special thanks to our Spanish team for their great cash collections efforts in the quarter. I'll turn it over to Charlie.

Charles A. Alutto

Thanks, Rich. I would now like to provide insight on our current outlook for 2012. Please keep in mind that these are forward-looking statements. Revenues from acquisitions completed in the quarter were approximately $3 million and annualized are approximately $41 million. Keep in mind our guidance does not include future acquisitions, divestitures and acquisition expenses.

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