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STERIS plc

CIK:0001757898|SEC Filings

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	Jun. 30, 2026	Jun. 30, 2025
Revenues:
Revenues	$ 1,492,700	$ 1,391,100
Cost of revenues:
Total cost of revenues	808,600	763,100
Gross Profit	684,200	628,000
Operating expenses:
Selling, general, and administrative	369,700	353,800
Research and development	28,600	26,400
Restructuring Costs	0	1,800
Total operating expenses	398,300	382,000
Income from operations	285,800	246,000
Non-operating expenses, net:
Interest expense	15,800	15,900
Interest income and miscellaneous expense	(3,100)	(1,800)
Other income, net	(300)	0
Total non-operating expenses, net	12,300	14,100
Income before income tax expense	273,500	231,900
Income tax expense	72,500	53,900
Net income	201,000	178,000
Net income	201,000	178,000
Less: Net Income Attributable to Noncontrolling Interest	900	600
Net Income (Loss) Attributable to Shareholders	$ 200,100	$ 177,400
Net income per common share [Abstract]
Income (Loss) from Continuing Operations, Per Basic Share	$ 2.05	$ 1.80
Income (Loss) from Continuing Operations, Per Diluted Share	2.04	1.79
Cash dividends declared per common share outstanding	$ 0.63	$ 0.57
Product [Member]
Revenues:
Revenues	$ 737,200	$ 690,500
Cost of revenues:
Cost of Product and Service Sold	368,300	359,700
Service [Member]
Revenues:
Revenues	755,500	700,600
Cost of revenues:
Cost of Product and Service Sold	$ 440,200	$ 403,400

CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Statement of Cash Flows [Abstract]
Net Income	$ 201,000	$ 178,000
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, depletion, and amortization	123,800	119,400
Deferred income taxes	600	0
Share-based compensation expense	12,800	11,900
Other items	11,200	14,500
Changes in operating assets and liabilities, net of effects of acquisitions and divestitures:
Accounts receivable, net	90,000	119,200
Inventories, net	(73,300)	(42,500)
Other current assets	(8,000)	18,900
Accounts payable	4,300	9,800
Accruals and other, net	4,800	(9,200)
Net cash provided by operating activities	367,100	420,000
Investing activities:
Purchases of property, plant, equipment, and intangibles	(87,500)	(93,600)
Proceeds from the sale of property, plant, equipment, and intangibles	0	100
Purchase of investments	(5,000)	0
Acquisition of businesses, net of cash acquired	(16,000)	(15,000)
Net cash used in investing activities	(108,500)	(108,500)
Financing activities:
Payments on Private Placement Senior Notes	0	(125,000)
Payments under credit facilities, net	(37,800)	(30,500)
Acquisition related deferred or contingent consideration	(100)	(100)
Repurchases of ordinary shares	(115,500)	(10,600)
Cash dividends paid to ordinary shareholders	(61,400)	(56,200)
Stock option and other equity transactions, net	1,300	9,300
Net cash used in financing activities	(213,500)	(213,100)
Effect of exchange rate changes on cash and cash equivalents	(2,300)	9,600
Increase in cash and cash equivalents	42,800	108,000
Cash and cash equivalents at beginning of period	439,600	171,700
Cash and cash equivalents at end of period	$ 482,300	$ 279,700

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2026	Mar. 31, 2026
Current assets:
Cash and cash equivalents	$ 482,300	$ 439,600
Accounts receivable (net of allowances of $25.6 and $24.4, respectively)	1,013,200	1,092,800
Inventories, net	712,100	631,800
Prepaid expenses and other current assets	238,200	230,400
Total current assets	2,445,800	2,394,600
Property, plant, and equipment, net	2,171,700	2,161,200
Lease right-of-use assets, net	150,800	155,200
Goodwill	4,189,200	4,194,800
Intangible Asset, Excluding Goodwill, after Accumulated Amortization	1,563,500	1,620,000
Other assets	215,100	211,400
Total assets	10,736,100	10,737,200
Current liabilities:
Accounts payable	344,100	338,800
Accrued income taxes	86,500	28,600
Accrued payroll and other related liabilities	153,100	221,100
Capital Lease Obligations, Current	35,600	35,800
Short-term Debt	243,400	118,900
Accrued expenses and other	420,500	401,900
Total current liabilities	1,283,300	1,145,000
Long-term indebtedness	1,650,200	1,812,800
Deferred Income Taxes and Other Tax Liabilities, Noncurrent	390,800	390,700
Capital Lease Obligations, Noncurrent	115,300	119,600
Other Liabilities, Noncurrent	75,200	71,700
Total liabilities	3,514,800	3,540,000
Commitments and contingencies (see Note 10)
Ordinary shares, with $0.001 par value; 500.0 shares authorized; 98.5 and 98.3 ordinary shares issued and outstanding, respectively	4,179,500	4,280,900
Retained earnings	3,154,500	3,015,900
Accumulated other comprehensive income	(127,300)	(113,100)
Total shareholders' equity	7,206,700	7,183,600
Noncontrolling interest	14,500	13,600
Total equity	7,221,300	7,197,200
Total liabilities and equity	$ 10,736,100	$ 10,737,200