STERIS plc (STE)

Sector: Healthcare|Industry: Medical Devices|Market Cap: $20.15B|Employees: 18.2K


STERIS plc is a leading global provider of products and services that support patient care with an emphasis on infection prevention. The company's core business model revolves around providing a unique mix of innovative products and services, including consumables, equipment, and maintenance. STERIS operates in key markets such as healthcare, medical devices, and pharmaceuticals, with a significant geographic presence around the globe.

  1. Filings

Filing Highlights

Financial Performance

Total revenues increased by 5.6% to $1,370.6 million, driven by organic growth in the Healthcare and Applied Sterilization Technologies (AST) segments. This growth reflects higher volume and pricing, indicating strong market demand for their products and services.

Gross profit percentage increased to 44.5% from 43.2% in the prior year, driven by favorable impacts from pricing, product mix, and productivity improvements. This indicates effective cost management and successful pricing strategies.

Operating expenses increased by 9.4% to $365.0 million, primarily due to higher selling, general, and administrative (SG&A) expenses and restructuring costs. This increase could potentially offset some of the gains from revenue growth and margin improvement.

Growth & Strategy

Management Execution

Risk Factors

Competitive Position

Operational Efficiency

Innovation & Technology

Capital Allocation

ESG initiatives

Market Environment