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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Evan Dimmer who wrote (9079)	5/6/1998 1:20:00 AM
From: Jenna	Read Replies (1) \| Respond to of 120523

SRCL, OMQP.. reported record earnings. Stericycle Announces 7 Fold Increase in Earnings Per Share on a 34% Increase in Revenues for the First Quarter of 1998 DEERFIELD, Ill., May 5 /PRNewswire/ -- Stericycle, Inc. (Nasdaq: SRCL - news), the second largest provider of regulated medical waste management services in the U.S., announced today substantial increases in first quarter results for 1998. According to management, the record quarterly results were driven by the company's strategic acquisitions as well as by internal growth from the increased investment in sales and marketing. ''Our 1998 first quarter revenues of $13.3 million increased 34% over first quarter 1997 revenues,'' commented Mark Miller, president and CEO. ''Gross profits continued to improve with an increase of more than 100% over the first quarter of last year.'' Gross profits as a percentage of revenue increased from 20% in the first quarter of 1997 to 30% in the first quarter of 1998. Net income for the quarter ending March 31, 1998 was $0.8 million, or $0.07 per share, versus $0.1 million, or $0.01 per share in the same quarter of 1997. The Company's net income for all of 1997 was $1.4 million, and its net income per diluted share was $0.13. In commenting on first quarter accomplishments, Miller noted that the expansion in gross profit margins and net income per share continued to validate the Company's business strategy of improving the mix of revenues from higher-margin alternate site customers and leveraging of the company's service infrastructure. OmniQuip Reports Record Second Quarter Sales and Earnings PORT WASHINGTON, WIS. (May 5) BUSINESS WIRE -May 5, 1998--OmniQuip International, Inc. (NASDAQ/NMS:OMQP), the largest North American manufacturer of telescopic material handlers, today announced record sales and earnings for the second fiscal quarter ended March 31, 1998. Net sales for the second quarter of fiscal 1998 were $119.4 million, an 88% increase from sales of $63.5 million for the same quarter in the prior year. Net income was $6.9 million or $0.48 per basic share for the second quarter of fiscal 1998, up 72% from net income of $4.0 million or $0.35 per basic share for the comparable prior period. For the six months ended March 31, 1998, OmniQuip reported net sales of $204.0 million, a 66% increase from sales of $122.6 million for the comparable prior period. Net income was $12.4 million or $0.87 per basic share, excluding an extraordinary after-tax charge of $0.5 million for the write-off of deferred financing charges in conjunction with the refinancing related to the Snorkel acquisition, up 42% from net income before extraordinary items of $8.8 million or $0.77 per basic share for the comparable prior period. marketgems.com for latest earnings plays look at newsletter archives.