STERIS Announces Financial Results for Fiscal 2025 First Quarter
STERIS plc (NYSE: STE) reported strong financial results for Q1 fiscal 2025. Total revenue from continuing operations increased 8% to $1.3 billion, with constant currency organic revenue growing 6%. As reported EPS from continuing operations rose to $1.41, while adjusted EPS increased to $2.03.
Healthcare revenue grew 10% to $901.2 million, driven by 23% growth in consumables and 14% in services. Applied Sterilization Technologies revenue increased 7% to $249.8 million. Life Sciences revenue decreased 2% to $128.5 million due to a divestiture.
The company reiterated its fiscal 2025 outlook, expecting 6.5-7.5% revenue growth and adjusted EPS of $9.05-$9.25. STERIS remains confident in delivering on its full-year guidance.
STERIS plc (NYSE: STE) ha riportato risultati finanziari solidi per il primo trimestre dell'esercizio fiscale 2025. Il fatturato totale dalle operazioni continuative è aumentato dell'8%, raggiungendo 1,3 miliardi di dollari, con una crescita del fatturato organico a valuta costante del 6%. L'EPS riportato dalle operazioni continuative è salito a 1,41 dollari, mentre L'EPS rettificato è aumentato a 2,03 dollari.
Il fatturato della sanità è cresciuto del 10%, raggiungendo 901,2 milioni di dollari, sostenuto da una crescita del 23% nei consumabili e del 14% nei servizi. Il fatturato delle tecnologie di sterilizzazione applicata è aumentato del 7%, raggiungendo 249,8 milioni di dollari. Il fatturato delle scienze della vita è diminuito del 2%, scendendo a 128,5 milioni di dollari a causa di una dismissione.
La società ha ribadito le sue previsioni per l'esercizio fiscale 2025, prevedendo una crescita del fatturato del 6,5-7,5% e un EPS rettificato di 9,05-9,25 dollari. STERIS rimane fiduciosa nel fornire le indicazioni per l'intero anno.
STERIS plc (NYSE: STE) reportó resultados financieros sólidos para el primer trimestre del año fiscal 2025. Los ingresos totales de operaciones continuas aumentaron un 8% hasta 1,3 mil millones de dólares, con un crecimiento del 6% en los ingresos orgánicos a moneda constante. El EPS reportado de operaciones continuas se elevó a 1,41 dólares, mientras que el EPS ajustado aumentó a 2,03 dólares.
Los ingresos en el sector salud crecieron un 10% hasta 901,2 millones de dólares, impulsados por un crecimiento del 23% en consumibles y del 14% en servicios. Los ingresos de Tecnologías de Esterilización Aplicada aumentaron un 7% hasta 249,8 millones de dólares. Los ingresos en Ciencias de la Vida disminuyeron un 2% hasta 128,5 millones de dólares debido a una desinversión.
La compañía reiteró su panorama para el año fiscal 2025, esperando un crecimiento de ingresos del 6,5-7,5% y un EPS ajustado de 9,05-9,25 dólares. STERIS sigue confiando en cumplir con su guía para todo el año.
STERIS plc (NYSE: STE)는 2025 회계연도 1분기 강력한 재무 결과를 보고했습니다. 총 수익은 지속 운영에서 8% 증가하여 13억 달러에 달했으며, 상수 통화 기준으로 유기적 수익은 6% 성장했습니다. 보고된 EPS는 지속 운영에서 1.41 달러로 증가하였고, 조정된 EPS는 2.03 달러로 증가했습니다.
의료 수익은 10% 증가하여 9억 1,120만 달러에 이르렀으며, 소비재는 23%, 서비스는 14% 성장에 힘입었습니다. 적용된 살균 기술에서의 수익은 7% 증가하여 2억 4,980만 달러에 달했습니다. 생명 과학 수익은 매각으로 인해 2% 감소하여 1억 2,850만 달러에 이르렀습니다.
회사는 2025 회계연도 전망을 재확인하며, 수익 성장률을 6.5-7.5%로, 조정된 EPS를 9.05-9.25 달러로 예상하고 있습니다. STERIS는 연간 가이드를 충족할 자신이 있습니다.
STERIS plc (NYSE: STE) a rapporté de solides résultats financiers pour le premier trimestre de l'exercice fiscal 2025. Le chiffre d'affaires total des opérations continues a augmenté de 8% pour atteindre 1,3 milliard de dollars, avec une croissance de 6% du chiffre d'affaires organique à taux de change constant. Le bénéfice par action (EPS) rapporté des opérations continues a augmenté à 1,41 dollar, tandis que l'EPS ajusté a augmenté à 2,03 dollars.
Le chiffre d'affaires du secteur de la santé a augmenté de 10% pour atteindre 901,2 millions de dollars, soutenu par une croissance de 23% des consommables et de 14% des services. Le chiffre d'affaires des technologies de stérilisation appliquées a augmenté de 7% pour atteindre 249,8 millions de dollars. Le chiffre d'affaires des sciences de la vie a diminué de 2% pour atteindre 128,5 millions de dollars en raison d'une cession.
L'entreprise a réitéré ses prévisions pour l'exercice fiscal 2025, s'attendant à une croissance du chiffre d'affaires de 6,5 à 7,5% et un EPS ajusté de 9,05 à 9,25 dollars. STERIS reste confiant dans sa capacité à respecter ses prévisions annuelles.
STERIS plc (NYSE: STE) hat für das erste Quartal des Geschäftsjahres 2025 solide Finanzergebnisse gemeldet. Der Gesamtumsatz aus fortgeführten Betrieben stieg um 8% auf 1,3 Milliarden Dollar, während der organische Umsatz bei konstanten Währungen um 6% wuchs. Der berichtete EPS aus fortgeführten Betrieben erhöhte sich auf 1,41 Dollar, während der ajustierte EPS auf 2,03 Dollar anstieg.
Der Umsatz im Gesundheitswesen wuchs um 10% auf 901,2 Millionen Dollar, unterstützt durch ein Wachstum von 23% im Verbrauch und 14% bei Dienstleistungen. Der Umsatz der angewandten Sterilisationstechnologien stieg um 7% auf 249,8 Millionen Dollar. Der Umsatz in den Lebenswissenschaften sank um 2% auf 128,5 Millionen Dollar aufgrund einer Veräußerung.
Das Unternehmen bekräftigte seine Prognose für das Geschäftsjahr 2025 und erwartet ein Umsatzwachstum von 6,5-7,5% sowie einen ajustierten EPS von 9,05-9,25 Dollar. STERIS ist zuversichtlich, die Jahresziele zu erreichen.
- Total revenue increased 8% to $1.3 billion
- Constant currency organic revenue grew 6%
- Adjusted EPS increased to $2.03 from $1.84 in the previous year
- Healthcare revenue grew 10% to $901.2 million
- Applied Sterilization Technologies revenue increased 7% to $249.8 million
- Company reiterated fiscal 2025 outlook with 6.5-7.5% expected revenue growth
- Life Sciences revenue decreased 2% to $128.5 million
- Healthcare capital equipment revenue declined 10%
- Life Sciences capital equipment revenue declined 15%
Insights
STERIS's Q1 FY2025 results show solid performance with
The Healthcare segment's
With management reiterating the full-year guidance, including
STERIS's Q1 results reflect resilience in the healthcare and life sciences markets. The
The AST segment's
STERIS's ability to maintain its full-year guidance amidst economic uncertainties demonstrates confidence in its market position and operational execution. The company's focus on high-growth areas and recurring revenue streams positions it well for sustainable long-term growth in the evolving healthcare landscape.
- Total revenue from continuing operations increased
8% ; constant currency organic revenue grew6% - As reported EPS from continuing operations increased to
$1.41 ; adjusted EPS increased to$2.03 - Fiscal 2025 outlook reiterated
DUBLIN, IRELAND , Aug. 06, 2024 (GLOBE NEWSWIRE) -- STERIS plc (NYSE: STE) (“STERIS” or the “Company”) today announced financial results for its fiscal 2025 first quarter ended June 30, 2024. Total revenue from continuing operations for the first quarter of fiscal 2025 increased
“We are pleased with the start to our new fiscal year and continue to experience positive momentum across each of our segments,” said Dan Carestio, President and CEO of STERIS. “With one quarter behind us, we are reiterating our outlook for fiscal 2025 and are confident in our ability to deliver on our full year guidance.”
First Quarter Results from Continuing Operations
As reported, net income for the first quarter was
Healthcare revenue as reported grew
Fiscal 2025 first quarter revenue for Applied Sterilization Technologies (AST) increased
Life Sciences first quarter revenue as reported decreased
Cash Flow
Net cash provided by operations for the first quarter of fiscal 2025 was
Fiscal 2025 Outlook Reiterated
For fiscal 2025, the Company continues to expect as reported revenue from continuing operations to increase 6.5
Conference Call
As previously announced, STERIS management will host a conference call tomorrow, August 7, 2024 at 9:00 a.m. ET. The conference call can be heard at www.steris-ir.com or via phone by dialing 1-833-535-2199 in the United States or 1-412-902-6776 internationally, then asking to join the conference call for STERIS plc.
For those unable to listen to the conference call live, a replay will be available beginning at 12:00 p.m. ET tomorrow either at www.steris-ir.com or via phone. To access the replay of the call, please use the access code 5644736 and dial 1-877-344-7529 in the United States or 1-412-317-0088 internationally.
About STERIS
STERIS is a leading global provider of products and services that support patient care with an emphasis on infection prevention. WE HELP OUR CUSTOMERS CREATE A HEALTHIER AND SAFER WORLD by providing innovative healthcare and life sciences products and services. For more information, visit www.steris.com.
Company Contact:
Julie Winter, Vice President, Investor Relations and Corporate Communications
Julie_Winter@steris.com
Non-GAAP Financial Measures
Adjusted net income, adjusted income from operations, free cash flow and constant currency organic revenue are non-GAAP measures that may be used from time to time and should not be considered replacements for U.S. GAAP results. Non-GAAP financial measures are presented in this release with the intent of providing greater transparency to supplemental financial information used by management and the Board of Directors in their financial analysis and operational decision making. These amounts are disclosed so that the reader has the same financial data that management uses with the belief that it will assist investors and other readers in making comparisons to our historical operating results and analyzing the underlying performance of our operations for the periods presented. The Company believes that the presentation of these non-GAAP financial measures, when considered along with our U.S. GAAP financial measures, provides a more complete understanding of the factors and trends affecting our business than could be obtained absent this disclosure.
Adjusted net income and adjusted income from operations exclude the amortization of intangible assets acquired in business combinations, acquisition and divestiture related transaction costs and gains or losses, integration costs related to acquisitions, tax restructuring costs, and certain other unusual or non-recurring items. STERIS believes this measure is useful because it excludes items that may not be indicative of or are unrelated to our core operating results and provides a baseline for analyzing trends in our underlying businesses.
The Company defines free cash flow as cash flows from operating activities less purchases of property, plant, equipment and intangibles, plus proceeds from the sale of property, plant, equipment, and intangibles. STERIS believes that free cash flow is a useful measure of the Company’s ability to fund future principal debt repayments and growth outside of core operations, pay cash dividends, and repurchase ordinary shares.
To measure the percentage organic revenue growth, the Company removes the impact of significant acquisitions and divestitures that affect the comparability and trends in revenue. To measure the percentage constant currency organic revenue growth, the impact of changes in currency exchange rates and acquisitions and divestitures that affect the comparability and trends in revenue are removed. The impact of changes in currency exchange rates is calculated by translating current year results at prior year average currency exchange rates.
Because non-GAAP financial measures are not standardized, it may not be possible to compare these financial measures with other companies’ non-GAAP financial measures having the same or similar names. These adjusted financial measures should not be considered in isolation or as a substitute for reported sales, gross profit, operating income, net earnings and net earnings per diluted share, the most directly comparable U.S. GAAP financial measures. These non-GAAP financial measures are an additional way of viewing aspects of the Company’s operations that, when viewed with U.S. GAAP results and the reconciliations to corresponding U.S. GAAP financial measures below, provide a more complete understanding of the business. The Company strongly encourages investors and shareholders to review its financial statements and publicly-filed reports in their entirety and not to rely on any single financial measure.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
This release and the referenced conference call may contain statements concerning certain trends, expectations, forecasts, estimates, or other forward-looking information affecting or relating to STERIS or its industry, products or activities that are intended to qualify for the protections afforded “forward-looking statements” under the Private Securities Litigation Reform Act of 1995 and other laws and regulations. Forward-looking statements speak only as to the date the statement is made and may be identified by the use of forward-looking terms such as “may,” “will,” “expects,” “believes,” “anticipates,” “plans,” “estimates,” “projects,” “targets,” “forecasts,” “outlook,” “impact,” “potential,” “confidence,” “improve,” “optimistic,” “deliver,” “orders,” “backlog,” “comfortable,” “trend,” and “seeks,” or the negative of such terms or other variations on such terms or comparable terminology. Many important factors could cause actual results to differ materially from those in the forward-looking statements including, without limitation, statements related to the expected benefits of and timing of completion of the Restructuring Plan, disruption of production or supplies, changes in market conditions, political events, pending or future claims or litigation, competitive factors, technology advances, actions of regulatory agencies, and changes in laws, government regulations, labeling or product approvals or the application or interpretation thereof. Many of these important factors are outside of STERIS’s control. No assurances can be provided as to any result or the timing of any outcome regarding matters described in STERIS’s securities filings or otherwise with respect to any regulatory action, administrative proceedings, government investigations, litigation, warning letters, cost reductions, business strategies, earnings or revenue trends or future financial results. References to products are summaries only and should not be considered the specific terms of the product clearance or literature. Unless legally required, STERIS does not undertake to update or revise any forward-looking statements even if events make clear that any projected results, express or implied, will not be realized. Other potential risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements include, without limitation, (a) the impact of public health crises on STERIS’s operations, supply chain, material and labor costs, performance, results, prospects, or value, (b) STERIS's ability to achieve the expected benefits regarding the accounting and tax treatments of the redomiciliation to Ireland, (c) operating costs, Customer loss and business disruption (including, without limitation, difficulties in maintaining relationships with employees, Customers, clients or suppliers) being greater than expected, (d) STERIS’s ability to successfully integrate acquired businesses into its existing businesses, including unknown or inestimable liabilities, impairments, or increases in expected integration costs or difficulties in connection with the integration of such businesses, (e) uncertainties related to tax treatments under the TCJA and the IRA, (f) the possibility that Pillar Two Model Rules could increase tax uncertainty and adversely impact STERIS's provision for income taxes and effective tax rate and subject STERIS to additional income tax in jurisdictions who adopt Pillar Two Model Rules, (g) STERIS's ability to continue to qualify for benefits under certain income tax treaties in light of ratification of more strict income tax treaty rules (through the MLI) in many jurisdictions where STERIS has operations, (h) changes in tax laws or interpretations that could increase our consolidated tax liabilities, including changes in tax laws that would result in STERIS being treated as a domestic corporation for United States federal tax purposes, (i) the potential for increased pressure on pricing or costs that leads to erosion of profit margins, including as a result of inflation, (j) the possibility that market demand will not develop for new technologies, products or applications or services, or business initiatives will take longer, cost more or produce lower benefits than anticipated, (k) the possibility that application of or compliance with laws, court rulings, certifications, regulations, or regulatory actions, including without limitation any of the same relating to FDA, EPA or other regulatory authorities, government investigations, the outcome of any pending or threatened FDA, EPA or other regulatory warning notices, actions, requests, inspections or submissions, the outcome of any pending or threatened litigation brought by private parties, or other requirements or standards may delay, limit or prevent new product or service introductions, affect the production, supply and/or marketing of existing products or services, result in costs to STERIS that may not be covered by insurance, or otherwise affect STERIS’s performance, results, prospects or value, (l) the potential of international unrest, including the Russia-Ukraine or Israel-Hamas military conflicts, economic downturn or effects of currencies, tax assessments, tariffs and/or other trade barriers, adjustments or anticipated rates, raw material costs or availability, benefit or retirement plan costs, or other regulatory compliance costs, (m) the possibility of reduced demand, or reductions in the rate of growth in demand, for STERIS’s products and services, (n) the possibility of delays in receipt of orders, order cancellations, or delays in the manufacture or shipment of ordered products, due to supply chain issues or otherwise, or in the provision of services, (o) the possibility that anticipated growth, cost savings, new product acceptance, performance or approvals, or other results may not be achieved, or that transition, labor, competition, timing, execution, impairments, regulatory, governmental, or other issues or risks associated with STERIS’s businesses, industry or initiatives including, without limitation, those matters described in STERIS's various securities filings, may adversely impact STERIS’s performance, results, prospects or value, (p) the impact on STERIS and its operations, or tax liabilities, of Brexit or the exit of other member countries from the EU, and the Company’s ability to respond to such impacts, (q) the impact on STERIS and its operations of any legislation, regulations or orders, including but not limited to any new trade or tax legislation (including CAMT and excise tax on stock buybacks), regulations or orders, that may be implemented by the U.S. administration or Congress, or of any responses thereto, (r) the possibility that anticipated financial results or benefits of recent acquisitions, of STERIS’s restructuring efforts, or of recent divestitures, including anticipated revenue, productivity improvement, cost savings, growth synergies and other anticipated benefits, will not be realized or will be other than anticipated, (s) the level of STERIS’s indebtedness limiting financial flexibility or increasing future borrowing costs, (t) rating agency actions or other occurrences that could affect STERIS’s existing debt or future ability to borrow funds at rates favorable to STERIS or at all, (u) the effects of changes in credit availability and pricing, as well as the ability of STERIS’s Customers and suppliers to adequately access the credit markets, on favorable terms or at all, when needed, and (v) the possibility that our expectations about the pre-tax savings resulting from the Restructuring Plan, the number of positions eliminated pursuant to the Restructuring Plan and the costs, charges and cash expenditures associated with the announced restructuring plan may not be realized on the timeline or timelines we expect, or at all.
Attachment
FAQ
What was STERIS's (STE) total revenue for Q1 fiscal 2025?
How much did STERIS's (STE) adjusted EPS grow in Q1 fiscal 2025?
What is STERIS's (STE) revenue growth outlook for fiscal 2025?
How did STERIS's (STE) Healthcare segment perform in Q1 fiscal 2025?
