STE · 8-K · 20260805PR053412
Operating Cash Flow Trends
STERIS plc · 2026-08-05 · Importance 47 · Surprise 22 · From source text
Net cash provided by operating activities declined to $367.1 million from $420.0 million, a decrease of $52.9 million or 12.6%. Free cash flow declined to $279.6 million from $326.5 million, a decrease of $46.9 million or 14.4%. The decline was driven primarily by a significantly lower working-capital contribution of $17.7 million compared with $96.2 million, partly offset by higher net income. First-quarter net income increased to $201.0 million from $178.0 million.
Key facts
- Free cash flow for fiscal 2027 is now expected to be approximately $800 million compared with prior expectations of $850 million. source
- Net cash provided by operations for the first quarter of fiscal 2027 was $367.1 million, compared with $420.0 million in the first quarter of fiscal 2026. source
- Free cash flow for the first quarter of fiscal 2027 was $279.6 million compared with $326.5 million in the prior year period. source
- The decrease in cash flow from operations and free cash flow was driven primarily by a significantly lower contribution from working capital in fiscal 2027 compared with fiscal 2026. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | committed | — | Free cash flow for fiscal 2027 is now expected to be approximately $800 million compared with prior expectations of $850 million. |
| cash | negative | realized | — | Net cash provided by operations for the first quarter of fiscal 2027 was $367.1 million, compared with $420.0 million in the first quarter… |
| cash | negative | realized | — | Free cash flow for the first quarter of fiscal 2027 was $279.6 million compared with $326.5 million in the prior year period. |