STERIS plc Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 07, 2024 at 04:38 pm EST
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STERIS plc reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was USD 1,395.65 million compared to USD 1,215.99 million a year ago. Net income was USD 140.74 million compared to USD 123.83 million a year ago. Basic earnings per share from continuing operations was USD 1.42 compared to USD 1.24 a year ago. Diluted earnings per share from continuing operations was USD 1.42 compared to USD 1.24 a year ago.
For the nine months, sales was USD 4,022.55 million compared to USD 3,573 million a year ago. Net income was USD 379.62 million compared to net loss of USD 80.2 million a year ago. Basic earnings per share from continuing operations was USD 3.84 compared to basic loss per share from continuing operations of USD 0.8 a year ago. Diluted earnings per share from continuing operations was USD 3.82 compared to diluted loss per share from continuing operations of USD 0.8 a year ago.
STERIS plc is one of the world's leading providers of infection control solutions and procedural services. Net sales break down by activity as follows:
- sales of infection control solutions (62.9%): including cleaning and sterilization chemicals, accessories for gastrointestinal procedures, washers, sterilizers and operating room equipment (including surgical tables, lighting and connectivity solutions). In addition, the group offers specialized healthcare services (sterilization services, instrument and endoscope repair and maintenance and customized process improvement consulting in acute care hospitals);
- development of applied sterilization solutions (22.1%): contract development of sterilization modalities and laboratory testing services for more than 50 sterilization and laboratory facilities worldwide;
- manufacturing of consumables and maintenance equipment (15%): dedicated to pharmaceutical manufacturers.
Net sales by source of income are divided into sales of services (53.5%), sales of consumables (23.4%) and sales of equipment (23.1%).
Net sales are distributed geographically as follows Ireland (2.3%), the United States (71.7%) and other (26%).