STE · News · 20260805N

Capital Expenditures and Free Cash Flow

STERIS plc · 2026-08-05 · Importance 62 · Surprise 58

STERIS increased its fiscal 2027 capital expenditure outlook to reflect the $600 million North Carolina chemistry campus investment. Fiscal Q1 free cash flow declined 14.4% year over year because of a smaller working-capital contribution despite higher net income. The company slightly lowered its free cash flow expectations while maintaining its fiscal 2027 revenue and adjusted EPS guidance.

Key facts

• The company increased capital expenditures projections and slightly lowered free cash flow expectations to reflect the new North Carolina investment. source
• Free cash flow declined by 14.4% in fiscal Q1 2027 due to a smaller working capital contribution despite higher net income. source