Steris Raises Fiscal 2027 Earnings Outlook Following Strong Q2 Results
1 report, 1 independent
Updated Tue 00:00
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What happened
Steris reported higher second-quarter revenue and profit. Karen Burton, Senior Vice President and Chief Financial Officer of Steris, stated that revenue rose 9% to $1.6 billion, while adjusted earnings per share increased 19% to $2.94. The company raised its fiscal 2027 earnings outlook to $11.35 to $11.55 per diluted share.
From tickerreport.com
Why it matters
The revised outlook includes a benefit of approximately $0.18 per share from tariff refunds received year to date. Gross margin expanded to 45.3%, partly due to $20 million in quarterly tariff refunds. Steris maintained its full-year revenue growth forecast of 7% to 8%.
From tickerreport.com
Who's involved
- SterisMedical device company reporting Q2 earnings and revising future guidance
- Karen BurtonSenior Vice President and Chief Financial Officer of Steris
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The entities involved
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Steris
medical device company
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Karen Burton
researcher
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