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Jun 30, 2024
STERIS Q1 2025 Earnings Report
Announced financial results for fiscal 2025 first quarter, demonstrating revenue growth and strong segment performance.
Key Takeaways
STERIS reported an 8% increase in total revenue to $1.3 billion and a 6% growth in constant currency organic revenue. As reported EPS increased to $1.41, while adjusted EPS reached $2.03. The company reiterated its fiscal 2025 outlook, expressing confidence in achieving full-year guidance.
Total revenue from continuing operations increased by 8%, with constant currency organic revenue growing by 6%.
As reported EPS from continuing operations increased to $1.41, and adjusted EPS increased to $2.03.
Healthcare revenue grew by 10%, driven by improvements in consumable and service revenue.
Fiscal 2025 outlook has been reiterated, indicating continued confidence in delivering full-year guidance.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
STERIS continues to expect as reported revenue from continuing operations to increase 6.5-7.5%. Constant currency organic revenue from continuing operations is anticipated to increase 6-7%. Adjusted earnings per diluted share from continuing operations is anticipated to be in the range of $9.05 to $9.25. Capital expenditures are anticipated to be approximately $360 million and free cash flow is expected to be approximately $700 million.
Positive Outlook
- As reported revenue from continuing operations is expected to increase 6.5-7.5%.
- Currency is expected to be neutral to revenue in fiscal 2025.
- Constant currency organic revenue from continuing operations is anticipated to increase 6-7%.
- Adjusted earnings per diluted share from continuing operations is anticipated to be in the range of $9.05 to $9.25 compared with $8.20 in adjusted earnings from continuing operations in fiscal 2024.
- Free cash flow is expected to be approximately $700 million.
Challenges Ahead
- Total annual revenue for the divested business in fiscal 2024 was approximately $35 million which will be excluded from constant currency organic revenue growth from continuing operations in fiscal 2025.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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