earnings
confidence high
sentiment negative
materiality 0.75
Sotera Health Q2 net revenue $255M (-4% YoY), net income $24M; cuts full-year outlook
Sotera Health Co
2023-Q2 EPS reported
$0.09
revenue$475,872,000
- Q2 net revenues $255M, down 4% YoY; net income $24M ($0.08 diluted EPS) vs $30M ($0.11) in Q2 2022.
- Adjusted EBITDA $128M, down 6% YoY; Adjusted EPS $0.21 vs $0.27 in prior year.
- Full-year 2023 guidance revised: net revenue $1.035B-$1.055B, Adjusted EBITDA $520M-$535M.
- Decline driven by expected Nordion Cobalt-60 harvest schedule timing.
- Total debt $2.3B, net leverage ratio 4.2x as of June 30, 2023.