secwatch.observer — SEC 8-K summary
======================================

Issuer:     STERIS plc (STE)
CIK:        0001757898
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0001757898-24-000005
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 2.05, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

STERIS reports FY2024 revenue up 12% to $5.5B; GAAP EPS $3.81, adjusted EPS $8.83; announces $100M restructuring plan
--------------------------------------------------------------------------------

- Q4 revenue $1.5B (+10% YoY); Q4 GAAP net loss $1.4M (-$0.01/sh) vs $187.2M profit in prior year.
- Full-year adjusted EPS grew to $8.83; constant currency organic revenue from cont. ops +10% to $5.0B.
- Restructuring plan: ~$100M total charges, $44.4M recorded in Q4, balance in FY2025; $50M non-cash, $37M employee termination, $13M other.
- Healthcare segment outperformed driven by US strength; CEO cites confidence in long-term growth commitments.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1757898/000175789824000005/0001757898-24-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1757898/000175789824000005/ste-20240507.htm
  HTML page:      https://secwatch.observer/filing/0001757898-24-000005

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer