U.S. Government Shutdown Drives Down Product Recalls
Stericycle, Inc. (SRCL)
Last stericycle, inc. earnings: 2/27 07:05 am
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Source: PR Newswire
INDIANAPOLIS, May 7, 2019 /PRNewswire/ -- Product recalls declined significantly across all industries for the first time since at least 2012, according to the first quarter 2019 Recall Index released today by Stericycle Expert Solutions (NASDAQ: SRCL). The declines were largely due to reduced oversight from the government shutdown earlier this year which stopped or limited many government safety inspections for food, pharmaceutical, automotive, medical device, and consumer products, the industries tracked in the Stericycle Recall Index. When the shutdown ended at the end of January, it took several more weeks for the regulatory agencies to ramp safety inspections back up to normal levels. "While it's usually good news for consumers when recall rates decline, the Q1 2019 numbers are misleading," said Chris Harvey, Director of Recall Solutions at Stericycle Expert Solutions. "Fewer inspections mean more potentially dangerous products entered the market unnoticed during this period, whi
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Earnings
- 7/25/24 - Beat
SRCL
Sec Filings
- 11/4/24 - Form 4
- 11/4/24 - Form 4
- 11/4/24 - Form 4
- SRCL's page on the SEC website