STERIS plc

STERIS plc Earnings Recaps

STE Health Care 1 recap
Q3 2026 Feb 5, 2026

STERIS plc reported a 9% increase in total revenue for Q3 2026, driven by strong organic growth in healthcare and life sciences, despite challenges from tariffs and inflation impacting margins.

Key takeaways
  • Adjusted earnings per diluted share rose 9% year-over-year to $2.53.
  • Constant currency organic revenue growth was 8%, with healthcare services achieving an impressive 11% growth.
  • Gross margin declined to 43.9%, primarily due to increased tariffs and inflation, resulting in a decrease in EBIT margin to 22.9%.
  • Free cash flow for the first nine months reached $7.368 billion, reflecting increased earnings and lower capital spending.
  • The fiscal 2026 guidance remains unchanged, targeting 8% to 9% revenue growth, with total earnings expected between $10.00 and $10.30 per diluted share.
Full recap