secwatch / observer
8-K filed May 8, 2024, 7:59 PM ET ticker STE CIK 0001757898
earnings confidence high sentiment neutral materiality 0.75

STERIS plc (STE): restructuring charge — STERIS reports FY2024 revenue up 12% to $5.5B; GAAP EPS $3.81, adjusted EPS $8.83; announces $100M restructuring plan

STERIS plc

2024-FY EPS reported $3.81 revenue$5,138,701,000

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

STERIS plc reported fiscal 2024 fourth quarter ended March 31, 2024 results: revenue $1.5 billion, net income ($0.01) per diluted share, EPS ($0.01) per diluted share.

Period
fiscal 2024 fourth quarter ended March 31, 2024
Revenue
$1.5 billion
Net income
($0.01) per diluted share
EPS
($0.01) per diluted share
Result
reported results
Exact text from the filing
Total revenue for the fourth quarter of fiscal 2024 increased 10% to $1.5 billion compared with $1.4 billion in the fourth quarter of fiscal 2023.
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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

STERIS plc reported fiscal 2024 full year ended March 31, 2024 results: revenue $5.5 billion, net income $3.81 per diluted share, EPS $3.81 per diluted share.

Period
fiscal 2024 full year ended March 31, 2024
Revenue
$5.5 billion
Net income
$3.81 per diluted share
EPS
$3.81 per diluted share
Result
reported results
Exact text from the filing
Total revenue for fiscal 2024 increased 12% to $5.5 billion compared with $5.0 billion in fiscal 2023.
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Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

STERIS plc announced a restructuring with charges of approximately $100 million affecting Healthcare surgical business in Europe.

Type
restructuring
Charge
approximately $100 million
Affected area
Healthcare surgical business in Europe
Exact text from the filing
this plan to potentially impacted employees on May 7, 2024 and the restructuring is expected to be substantially completed by the end of fiscal 2025. The approximately $100 million of anticipated restructuring charges includes approximately $44.4 million recorded in the fiscal 2024 fourth quarter with the balance expected to be recorded in fiscal 2025. Of
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Source: SEC EDGAR
accession 0001757898-24-000005
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