Steris has disclosed more details about the layoffs taking place in its previously announced restructuring. The Mentor, Ohio–based company — a major provider of sterilization products and services — said in an SEC filing that less than 300 positions are being eliminated. That’s about 1.7% of its 18,000-strong global workforce. Steris said the restructuring is […]
Steris
Steris announces a targeted restructuring
Steris , a major provider of sterilization products and services, announced a targeted restructuring to prepare for future growth. The Mentor, Ohio–based company said the restructuring includes its Healthcare surgical capital business in Europe. Other actions include product rationalizations, facility consolidations and the impairment of an internally developed X-ray accelerator. The news comes on top […]
Steris to sell dental segment for $787.5M
Steris (NYSE: STE) today announced it has entered into a definitive agreement to divest its dental segment to Peak Rock Capital for $787.5 million. The transaction will be structured as an equity sale. Terms of the agreement also include the opportunity for Steris to receive an additional earnout of up to $12.5 million, which is […]
Steris completes acquisition of surgical instrumentation assets from BD
Steris (NYSE:STE) announced today that it completed its acquisition of surgical instrumentation assets from BD . The companies announced in June that they agreed on a deal for the assets worth $540 million. BD’s divestiture includes V. Mueller, Snowden-Pencer and Genesis branded products. BD reports its surgical instrumentation platform as part of its Surgery unit […]
Steris reports strong Q1 on big gains in healthcare
Steris today reported first-quarter results that exceeded Wall Street’s expectations while upping guidance for the year ahead due to a recently announced acquisition. The Dublin, Ireland-based provider of sterilization services and other infection prevention tech posted profits of $123.6 million in the quarter ended June 30, 2023. That amounts to $1.25 per share on sales […]
BD sells surgical instrumentation assets to Steris for $540M
BD announced today that it signed a definitive agreement to sell its surgical instrumentation platform to Steris (NYSE:STE) for $540 million. The divestiture includes V. Mueller, Snowden-Pencer and Genesis branded products. BD reports its surgical instrumentation platform as part of its Surgery unit within its Interventional segment. In the deal, Steris also gets three manufacturing […]
Steris beats the Street on Q4 earnings and increases guidance
Steris (NYSE:STE) today reported fourth-quarter results that exceeded Wall Street’s expectations while upping guidance for the year ahead. Shares of STE climbed 4% t0 $197 apiece in after-hours trading. MassDevice‘s MedTech 100 Index, which includes stocks of the world’s largest medical device companies, was flat on the day. The Dublin, Ireland-based provider of sterilization services and […]
Steris stock dives on Q3 misses, slashed 2023 guidance
Steris (NYSE:STE) shares took a hit today — a day after reporting third-quarter results that missed the consensus forecast on Wall Street. Shares of STE dipped more than 9% at $195.42 apiece by midday trading today. MassDevice‘s MedTech 100 Index, which includes stocks of the world’s largest medical device companies, was up more than 10%. The […]
Steris sticks by EPS guidance amid additional currency headwinds
Steris (NYSE: STE) reported mixed third-quarter results, but it held the line on EPS guidance amid additional foreign currency headwinds. The provider of sterilization services and other infection prevention tech lost $315.2 million, or $3.15 per share, off $1.20 billion in revenue for the quarter ended Sept. 30, 2022. Steris swung to a loss versus […]
Steris shares drop on Q1 swing-and-miss, lowered outlook
Steris (NYSE:STE) posted first-quarter results today that fell short of the consensus forecast on Wall Street and reduced its outlook for the rest of the year, despite swinging to a profit from a loss a year ago. The infection prevention technology company — headquartered in Dublin, Ireland, and run operationally out of Mentor, Ohio — […]
