Based on foreign currency forward rates through March 31, 2023, STERIS now anticipates additional currency headwinds. The total revenue impact is now expected to be approximately $150 million, an increase from prior expectations of $100 million. As a result, as reported revenue is now anticipated to grow 8% compared with prior expectations of 9% growth. Constant currency organic revenue expectations are unchanged at 10% growth. The impact from foreign currency rate changes is now expected to impact adjusted earning per diluted share by approximately $0.15 for fiscal 2023, compared with prior expectations of approximately $0.10. The adjusted earnings per diluted share range of $8.40 to $8.60 remains unchanged, although the Company believes the high-end of the range is less likely due to the additional currency headwind.
Published first on TheFly
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