earnings
confidence high
sentiment positive
materiality 0.65
STERIS Q1 revenue $1.5B (+7%), adj EPS $2.59; announces $55-70M restructuring plan
STERIS plc
- Revenue $1.5B (+7% YoY); constant currency organic growth 6%. Adjusted EPS $2.59 vs $2.34 prior year.
- Healthcare segment revenue $1.05B (+8%); AST $297.6M (+6%); Life Sciences $146.7M (+9%).
- Operating cash flow $367.1M (down from $420M); free cash flow $279.6M (down from $326.5M).
- Restructuring: consolidation of chemistries to NC Center of Excellence; closure of St. Louis and Plymouth facilities; pre-tax charges $55-70M, completion by fiscal 2030.
- FY2027 guidance reaffirmed: revenue growth 7-8%, adj EPS $11.10-$11.30; CapEx raised to ~$450M, FCF now ~$800M.