Steris PLC

STE: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$348.00	Nztdtw	Xrbwfnwts

Steris Earnings: Healthy Growth Across All Sectors Brings Strong Start to Fiscal Year

Jay Lee ,

Aug 7, 2024

Narrow-moat Steris’ first-quarter results were in line with our expectations. Quarterly revenue was $1.3 billion, translating to 6% year-over-year growth in constant currency. The company reiterated its fiscal 2025 revenue guidance of $5.47 billion-$5.52 billion, or 6%-7% growth on a constant-currency basis. We are maintaining our $231 fair value estimate and view Steris’ current market price as about fairly valued.

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