STE · 8-K · 20260805PR053412

Income Tax Rate Changes

STERIS plc · 2026-08-05 · Importance 45 · Surprise 38

Income tax expense increased to $72.5 million from $53.9 million, an increase of $18.6 million or 34.5%. The reported income tax rate increased to 26.5% from 23.3%, while the adjusted income tax rate increased to 25.9% from 23.5%. Pre-tax income increased to $273.5 million from $231.9 million, but the higher tax rate reduced the conversion of pre-tax earnings into net income. Net income attributable to shareholders increased to $200.1 million from $177.4 million, and diluted EPS increased to $2.04 from $1.79.

Key facts

• Income tax expense for the quarter was $72.5 million leading to an as-reported U.S. GAAP income tax rate of 26.5% for Q1 FY2027. source
• Adjusted income tax rate for the first quarter was 25.9% compared with 23.5% in the prior year. source