Ireland's Steris Q3 revenue rises 9%, adjusted EPS meets expectations

Steris

04/02/2026 21:38

Overview

Irish healthcare products provider's fiscal Q3 revenue grew 9% yr/yr

Adjusted EPS met analysts' expectations

Adjusted net income for fiscal Q3 slightly beat analysts' estimates

Outlook

Steris expects fiscal 2026 revenue growth of 8-9%

Company anticipates fiscal 2026 adjusted EPS between $10.15 and $10.30

Steris projects fiscal 2026 free cash flow of approximately $850 mln

Result Drivers

COMMERCIAL EXECUTION - CEO Dan Carestio attributed Q3 performance to effective execution by commercial teams and a diversified portfolio

HEALTHCARE SEGMENT GROWTH - Healthcare revenue grew 9%, driven by service, consumable, and capital equipment revenue growth

AST REVENUE INCREASE - Applied Sterilization Technologies revenue rose 11%, with notable growth in capital equipment revenue

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Adjusted EPS
Meet
$2.53
$2.53 (8 Analysts)
Q3 Adjusted Net Income
Slight Beat*
$249.40 mln
$248.95 mln (5 Analysts)

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the medical equipment, supplies & distribution peer group is "buy"

Wall Street's median 12-month price target for STERIS plc is $291.00, about 11.2% above its February 3 closing price of $261.67

The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 22 three months ago

Press Release: ID:nGNX8Hj8s5

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)