STERIS Announces Financial Results for Fiscal 2024 Fourth Quarter and Full Year - Seite 2

The fiscal 2024 fourth quarter and full year U.S. GAAP results were negatively impacted by a pre-tax loss of $206.4 million recognized upon reclassification of the net assets and operations of the Dental segment to discontinued operations as a result of the recently announced transaction to divest the segment and $44.4 million of pre-tax charges associated with the recording of a targeted restructuring program. Fiscal 2023 U.S. GAAP net income was impacted by a $490.6 million pre-tax, non-cash impairment charge recorded in the second quarter related to the goodwill associated with the Dental segment acquired in the June 2021 acquisition of Cantel.

Fourth Quarter Segment Results from Continuing Operations
Healthcare revenue as reported grew 14% in the quarter to $1,007.9 million compared with $884.6 million in the fourth quarter of fiscal 2023. This performance reflected 19% improvement in capital equipment revenue, 14% growth in consumable revenue and 9% growth in service revenue. Constant currency organic revenue increased 9% for the quarter compared with the prior year. Healthcare operating income was $245.2 million compared with $208.8 million in last year’s fourth quarter. This improvement was primarily attributable to the increase in volume along with favorable pricing and the addition of the surgical instrumentation assets purchased from BD.

Fiscal 2024 fourth quarter revenue for Applied Sterilization Technologies (AST) increased 5% as reported to $250.9 million compared with $239.1 million in the same period last year. This performance reflected 7% growth in service revenue, partially offset by a 43% decline in capital equipment revenue. Constant currency organic revenue in the quarter increased 5%. Segment operating income was $114.2 million in the fourth quarter of fiscal 2024, compared with operating income of $105.8 million in the same period last year.

Life Sciences fourth quarter revenue as reported increased 2% to $160.6 million compared with $157.5 million in the fourth quarter of fiscal 2023. This performance reflected 13% growth in service revenue and 3% improvement in consumable revenue partially offset by an 8% decline in capital equipment revenue.   Constant currency organic revenue increased 2% in the quarter compared with the prior year. Reflecting improvement in price, operating income increased to $64.5 million in the fourth quarter of fiscal 2024 compared with $61.1 million in the prior year’s fourth quarter.