STERIS (STE) Revenue — Quarter Ended Mar 31, 2023
Revenue for this quarter increased compared to both the immediate prior quarter and the same quarter one year earlier. The company reported a sequential rise and a year-over-year gain, indicating continued growth.
Key takeaway
Quarter ended Mar 31, 2023 · FY2024 FY
Revenue for this quarter increased compared to both the immediate prior quarter and the same quarter one year earlier. The company reported a sequential rise and a year-over-year gain, indicating continued growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.3B
Revenue reported for this quarter.
Quarter-over-quarter
+5.4%
Change from the immediately preceding quarter.
Year-over-year
+5.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$4.9B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $1.1B | +8.6% |
| Sep 30, 2022 | $1.3B | +9.1% |
| Dec 31, 2022 | $1.2B | +0.6% |
| Mar 31, 2023 | $1.3B | +5.8% |
Revenue performance
Reported revenue was higher than the preceding quarter, with an upward direction. The year-over-year increase remained positive, though the rate of growth was slightly narrower than the sequential gain.
Quarterly comparison
Compared with the immediately preceding quarter, revenue advanced. Versus the same quarter one year earlier, revenue also increased, reflecting a sustained upward trajectory over both periods.
What to watch
Monitor whether the year-over-year growth rate continues in future quarters, as the current quarter's rate was slightly below the sequential change.