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STERIS (STE) investor relations material
STERIS Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 revenue grew 9.2% year-over-year to $1,496.2 million, with constant currency organic revenue up 8% driven by volume and price increases.
Adjusted net income from continuing operations was $249.4 million, with adjusted EPS up 9% to $2.53 per diluted share; net income attributable to shareholders was $192.9 million for the quarter.
Free cash flow for the first nine months reached $737.6 million, reflecting higher earnings and lower capital spending.
Operating income increased to $273.2 million for the quarter, reflecting improved volume, pricing, and lower restructuring expenses.
The Dental segment was divested in May 2024 for $787.5 million, with proceeds used primarily to pay down debt.
Financial highlights
Gross margin declined 70 basis points to 43.9% due to tariffs and inflation, while gross profit for the quarter was $655.5 million.
EBIT margin decreased 40 basis points to 22.9% of revenue, mitigated by operating expense discipline.
Free cash flow reached $737.6 million for the nine months, up from $588.1 million in the prior year.
Debt-to-total capital ratio improved to 21.1% from 23.6% at the start of the period; total debt at quarter end was $1.9 billion.
Cash dividends paid totaled $1.83 per share for the nine months.
Outlook and guidance
Fiscal 2026 outlook maintained: 8%-9% as-reported revenue growth, 7%-8% constant currency organic growth.
Adjusted EPS guidance of $10.15-$10.30, with higher end less likely due to $10 million more in anticipated tariffs.
Free cash flow expected at $850 million; CapEx guidance unchanged at $375 million.
Q4 expected to see a slowdown due to tough prior-year comparisons, especially in AST capital equipment.
Restructuring actions are anticipated to improve operating income by approximately $25 million annually.
- TimeTickerHeadlineOpen
- 7 FebGICRE
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Strong revenue growth offset by lower margins and profit; interim dividend declared. - 7 FebPGIL
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Strong revenue and profit growth in Q3 FY26, led by power and steel segments. - 7 FebCHEMPLASTS
Net losses widened and revenue fell year-over-year amid regulatory and market headwinds. - 7 FebSBIN
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Resale registration for 71,429 shares via warrant, with proceeds only on exercise; financial risks persist. - 6 FebVSAT
Q3 revenue up 3% to $1.16B, net income $25M, strong cash flow, Ligado boost, satellite focus.
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