STERIS plc (NYSE: STE) reported strong fiscal 2026 first quarter results, with total revenue increasing 9% to $1.4 billion and constant currency organic revenue growing 8%. The company's net income from continuing operations reached $177.4 million, or $1.79 per diluted share, while adjusted EPS grew to $2.34.
Performance was driven by growth across all segments: Healthcare revenue grew 8% to $974.7 million, Applied Sterilization Technologies increased 13% to $281.2 million, and Life Sciences rose 5% to $135.2 million. Free cash flow significantly improved to $326.5 million.
STERIS updated its fiscal 2026 outlook, raising revenue growth expectations to 8-9% from 6-7%, while maintaining adjusted EPS guidance of $9.90-$10.15. The company now expects free cash flow of approximately $820 million, up from previous guidance of $770 million.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.