Steris lowers annual profit forecast due to a stronger dollar
05/02/2025 23:40
Feb 5 (Reuters) -
Medical equipment maker Steris STE.N lowered its annual
profit forecast on Wednesday, citing the impact of a stronger
dollar.
The Dublin-based company lowered its fiscal 2025 adjusted
profit to the range of $9.05 to $9.15 per share, from a prior
forecast of $9.05 to $9.25 per share.
"This outlook does not reflect any potential impact from new
tariffs." the company said.
Manufacturers of medical devices have been benefiting from
elevated demand for elective surgical procedures in the United
States, especially among older adults.
Steris, which produces surgical instruments, reported
quarterly revenue of $1.37 billion, slightly below analysts'
estimates of $1.38 billion, according to data compiled by LSEG.
The healthcare segment of the company, which provides
sterilization products to healthcare providers, saw its
quarterly revenue rise 7% in the third quarter ended December
31, to $976.0 million.
On an adjusted basis, the company reported a profit of $2.32
per share, which was in line with analysts' expectations.
(Reporting by Christy Santhosh in Bengaluru; Editing by
Mohammed Safi Shamsi)
((Christy.Santhosh@thomsonreuters.com;))