STERIS Plc Raises Earnings Guidance - Quick Facts

(RTTNews) - STERIS plc (STE), announced for fiscal 2020, the company now projects adjusted earnings per diluted share to be in the range of $5.38 - $5.53, compared with $5.28 - $5.43 previously. Constant currency organic revenue growth is now expected to be in the range of 6-7%, compared with 5-6% previously. Analysts polled by Thomson Reuters expect the company to report profit per share of $5.40. Analysts' estimates typically exclude special items.

For the first-quarter, adjusted net income was $105.0 million, or $1.23 per diluted share, compared to $85.6 million or $1.00 per share, prior year. On average, seven analysts polled by Thomson Reuters expected the company to report profit per share of $1.11, for the quarter.

First-quarter revenue increased 9% to $696.8 million compared with $638.8 million, a year ago. Analysts expected revenue of $678.97 million for the quarter.

STERIS's Board of Directors has increased the quarterly interim dividend from $0.34 to $0.37 per share. The dividend is payable September 26, 2019 to shareholders of record at the close of business on September 10, 2019.