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Sep 30, 2020

STERIS Q2 2021 Earnings Report

STERIS's Q2 2021 financial results were announced, featuring a revenue increase and earnings per share growth.

Key Takeaways

STERIS plc reported a 3% increase in revenue to $756.1 million for the second quarter of fiscal 2021, with a net income of $105.9 million, or $1.23 per diluted share. Adjusted net income increased to $127.3 million, or $1.48 per diluted share. The revenue growth was driven by Life Sciences and Applied Sterilization Technologies, offsetting a decline in Healthcare.

Second quarter revenue increased by 3% as reported, with a 2% increase on a constant currency organic basis.

Earnings per diluted share increased to $1.23 on a U.S. GAAP basis and $1.48 on an adjusted basis.

Revenue growth was driven by Life Sciences and Applied Sterilization Technologies, offsetting a decline in Healthcare.

STERIS's Board of Directors has approved a quarterly interim dividend of $0.40 per share.

Total Revenue
$756M
Previous year: $737M
+2.6%
EPS
$1.48
Previous year: $1.32
+12.1%
CC Organic Revenue Growth
2%
Gross Profit
$330M
Previous year: $319M
+3.6%
Cash and Equivalents
$312M
Previous year: $226M
+38.3%
Free Cash Flow
$186M
Previous year: $102M
+81.4%
Total Assets
$5.49B
Previous year: $5.19B
+5.9%

STERIS

STERIS

STERIS Revenue by Segment

Forward Guidance

Due to the continued uncertainty surrounding COVID-19, STERIS is not providing guidance at this time.

Revenue & Expenses

Visualization of income flow from segment revenue to net income