NYSE:STEMedical Equipment
How Investors May Respond To STERIS (STE) Strong Beat On Revenue Growth And Margin Expansion
In the past week, STERIS reported a quarterly update showing 9.9% year-on-year revenue growth, ahead of analyst expectations, alongside EBIT margin expansion to 23.1% and strong free cash flow generation.
The results underscored the importance of STERIS’s recurring infection-prevention services and consumables, which, together with a sizeable healthcare capital backlog, enhanced visibility into future operating performance.
Now we’ll consider how this margin expansion, driven by pricing and...