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Mar 31, 2022
STERIS Q4 2022 Earnings Report
STERIS's financial performance for Q4 2022 was announced, featuring a 39% increase in revenue and adjusted EPS of $2.04.
Key Takeaways
STERIS announced strong Q4 2022 results with a 39% increase in revenue to $1.2 billion and adjusted EPS of $2.04. The company anticipates another record year of performance in fiscal year 2023, despite ongoing supply chain and inflation challenges.
Revenue increased by 39% as reported, with an 11% constant currency organic increase.
Reported EPS was $0.52, while adjusted EPS reached $2.04.
Healthcare revenue grew by 32% to $738.8 million.
Applied Sterilization Technologies (AST) revenue increased by 19% to $222.9 million.
STERIS
STERIS
STERIS Revenue by Segment
Revenue by Segment
AST Revenue
CapyFin.comLife Sciences Revenue
CapyFin.com Forward Guidance
For fiscal year 2023, STERIS anticipates constant currency organic revenue growth of approximately 11% and as reported revenue to increase approximately 12%. Adjusted earnings per diluted share are expected to be in the range of $8.55 to $8.75. Capital expenditures are anticipated to be approximately $330 million and free cash flow is expected to be approximately $675 million.
Positive Outlook
- Constant currency organic revenue growth is anticipated to be approximately 11%.
- As reported revenue is expected to increase approximately 12%.
- Adjusted earnings per diluted share are anticipated to be in the range of $8.55 to $8.75.
- Capital expenditures are anticipated to be approximately $330 million.
- Free cash flow is expected to be approximately $675 million.
Challenges Ahead
- Outlook acknowledges continued supply chain pressure.
- Outlook acknowledges continued inflation pressure.
- Adjusted effective tax rate of 22%.
- Share count of approximately 101 million diluted shares.
- Net impact of acquisitions and divestitures as well as the anticipated negative impact of foreign currency fluctuations.
Revenue & Expenses
Visualization of income flow from segment revenue to net income