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STE - Steris: Strong Healthcare Products Growth Coupled With Weak AST Business
STERIS plc
2024-02-17 02:57:34 ET
Summary
Steris reported strong growth in their Healthcare Products and Life Sciences segments, driven by procedure volume increases and market share gains.
The company has raised their full-year organic growth target to 7-8% and adjusted earnings per share are expected to be $8.60 to $8.70.
The AST business experienced weak growth and the Dental business faced challenges, but overall, Steris maintains a solid balance sheet and strong free cash flow growth.