STERIS plc (STE) SEC Filings & Earnings Calls

Acquisition financed primarily with debt, increasing leverage; integration and regulatory approval risks.

“Acquisition expected to be financed primarily with debt; subject to regulatory approvals and customary closing conditions.”

Inflation pressure on margins

“unfavorable impacts from inflation (60 basis points)” · word for word

Restructuring execution risk

“The Company currently expects to incur total pre-tax restructuring charges of approximately $55 million to $70 million” · word for word

Free cash flow decline

“Free cash flow was $279.6 million in the first three months of fiscal 2027 compared to $326.5 million in the first three months of fiscal 2026” · word for word

Tariff cost pressure and inflation partially offset margin improvements

“increased tariff costs... inflation”

Restructuring plan with $55M-$70M charges over multiple years

“total pre-tax restructuring charges of approximately $55 million to $70 million” · word for word

Tariff cost pressure

“unfavorable impacts from tariffs (80 basis points)” · word for word

Inflation cost pressure

“inflation (70 basis points)” · word for word

Debt level

“As of March 31, 2026, STERIS had approximately $1,931.7 million of indebtedness outstanding” · word for word

Tariffs and inflation partially offset price/volume gains.

“The increase in operating income was primarily due to improved volume and price, which were significantly offset by tariffs and inflation.” · word for word

Tariff Cost Pressure

“Favorable impacts from pricing (110 basis points), productivity (40 basis points) and other cost reductions (30 basis points) were more than offset by unfavorable impacts from tariff costs (120 basis points), inflation (60 basis points), mix (60 basis points) and currency (10 basis points).” · word for word

Inflation Cost Pressure

“Favorable impacts from pricing (110 basis points), productivity (40 basis points) and other cost reductions (30 basis points) were more than offset by unfavorable impacts from tariff costs (120 basis points), inflation (60 basis points), mix (60 basis points) and currency (10 basis points).” · word for word

Tariff headwinds increased to ~$55M pre-tax profit impact, up from prior estimate of ~$45M, partially offsetting operational improvements.

“Included in this outlook is the negative impact of tariffs, estimated to reduce pre-tax profit by approximately $55 million, an increase from prior expectations of approximately $45 million.” · word for word

Inflation and labor/energy cost pressures persist across segments, partially offsetting volume and price gains.

“Operating income increases partially offset by tariff costs, inflation, labor and energy costs, and unfavorable mix.”

Tariff cost pressure

“unfavorable impacts from ... tariff costs (90 basis points)”

Inflation cost pressure

“unfavorable impacts from inflation (100 basis points)” · word for word

Restructuring execution risk

“Restructuring expenses $2.2 million for the three months ended September 30, 2025.”

Tariff cost headwind of ~$45M pre-tax; partially offset by productivity and pricing.

“Negative impact of tariffs, estimated to reduce pre-tax profit by approximately $45 million.” · word for word