secwatch.observer — SEC 8-K summary
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Issuer:     Sotera Health Co (SHC)
CIK:        0001822479
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0001822479-23-000030
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sotera Health Q1 2023 revenue falls 7% to $221M; net income drops to $3M; reaffirms 2023 outlook
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- Net revenues $221M, down 6.8% YoY; constant currency down 5.3%, driven by Nordion Cobalt-60 harvest timing.
- Net income $3M ($0.01 diluted EPS) vs $31M ($0.11) in Q1 2022; Adjusted EPS $0.13 vs $0.22.
- Adjusted EBITDA $98M, down 14.6% from $115M; total debt $2.3B, net leverage 3.4x.
- Company reaffirms 2023 outlook despite Q1 declines attributed to expected Nordion harvest schedule timing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1822479/000182247923000030/0001822479-23-000030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1822479/000182247923000030/shc-20230503.htm
  HTML page:      https://secwatch.observer/filing/0001822479-23-000030

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