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Sep 30, 2021

STERIS Q2 2022 Earnings Report

Reported a revenue increase of 58% and adjusted EPS of $1.99.

Key Takeaways

STERIS plc announced financial results for its fiscal 2022 second quarter ended September 30, 2021. Revenue increased by 58% to $1,197 million compared to the previous year, with constant currency organic revenue growth of 12%. As reported EPS was $0.69, while adjusted EPS reached $1.99. The company is reiterating its fiscal 2022 outlook.

Second quarter revenue increased 58% as reported, with 12% constant currency organic growth.

As reported EPS was $0.69, and adjusted EPS was $1.99.

Healthcare revenue grew 58% to $744.1 million, with 10% constant currency organic growth.

Company reiterates fiscal 2022 outlook, including constant currency organic revenue growth of 10-11% and adjusted EPS of $7.60 to $7.85.

Total Revenue
$1.2B
Previous year: $756M
+58.3%
EPS
$1.99
Previous year: $1.48
+34.5%
CC Organic Revenue Growth
12%
Previous year: 2%
+500.0%
Gross Profit
$480M
Previous year: $330M
+45.5%
Cash and Equivalents
$383M
Previous year: $312M
+22.9%
Free Cash Flow
$136M
Previous year: $186M
-26.8%
Total Assets
$11.8B
Previous year: $5.49B
+114.0%

STERIS

STERIS

STERIS Revenue by Segment

Forward Guidance

The company is reiterating its outlook for fiscal 2022, including constant currency organic revenue growth in the range of 10-11% and adjusted earnings per share of $7.60 to $7.85.

Revenue & Expenses

Visualization of income flow from segment revenue to net income