STE - Steris Non-GAAP EPS of $2.00 beats by $0.14 revenue of $1.28B beats by $70M
2023-08-01 16:37:48 ET
- Steris press release ( NYSE: STE ): Q1 Non-GAAP EPS of $2.00 beats by $0.14 .
- Revenue of $1.28B (+10.3% Y/Y) beats by $70M .
- For fiscal 2024, the company now expects as reported revenue to increase 9-10%, an increase from previous expectations of 7-8%, solely reflecting the Transaction. Expectations for constant currency organic revenue growth are unchanged at 6-7%. Adjusted earnings per diluted share are anticipated to be in the range of $8.60 to $8.80, increased from prior expectations of $8.55 to $8.75, reflecting $0.05 contribution from the acquired assets. Free cash flow for fiscal 2024 is now anticipated to be $685 million, a decrease from prior expectations of $700 million, reflecting working capital funding requirements for the Transaction.
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Steris Non-GAAP EPS of $2.00 beats by $0.14, revenue of $1.28B beats by $70M