STERIS

Devices & Diagnostics

Steris Q3 profits fall, System 1E shipments lag

Infection prevention and decontamination technologies maker Steris Corp.'s (NYSE:STE) third-quarter profits dropped 20 percent as the company struggles to replace lost revenue from its recalled System 1 sterilization device. The company also decreased its projection for full-year revenue, citing lower-than-anticipated shipments of its new System 1E sterilization device, a replacement product for System 1.

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Devices & Diagnostics

STERIS begins shipping replacement for flagship System 1

STERIS Corp. (NYSE: STE) has begun shipping the replacement to its System 1 sterilization system, as the company looks to put one of its more difficult periods in its past. The company said shipments of its new System 1E wouldn't have a material effect on third-quarter financial results, but the shipments are an important step for STERIS, which has spent the last year trying to work its way back from a federal safety alert that said its System 1 device could harm patients.

News

STERIS loses $45M in quarter because of System 1 rebate cost

Updated 12:10 p.m. Infection prevention and decontamination technologies maker STERIS Corp. (NYSE: STE) lost $45 million in its fiscal first quarter, thanks to setting aside $110 million to cover a rebate program in a bid to hold on to customers of its flagship sterilization technology. The Mentor, Ohio, company said more customers than expected may […]

News

STERIS to give shareholders vote on executive pay

STERIS Corp. (NYSE: STE) will give shareholders a say on the company’s executive compensation program at their July annual meeting. The Mentor, Ohio, maker of healthcare technologies is asking shareholders to approve a “nonbinding, advisory proposal” to endorse or not endorse its policies and procedures on executive pay. Such votes often are called “Say on […]

Policy

STERIS spending $11M to build customer solutions center, renovate

STERIS Corp. (NYSE: STE) is investing $11 million in an headquarters expansion to create an interactive showcase for its health technologies that it hopes will change the way it works with customers. The Mentor, Ohio maker of infection prevention, decontamination and health science technologies will use more than $5 million in city and state tax […]

News

‘Consumables’ help STERIS limit revenue drop in fiscal 2010

Updated 3:09 p.m. Consumables. That’s one thing that helped STERIS Corp. (NYSE: STE) make up some of the revenue ground lost to troubles over the company’s System 1 sterilizer and other uncertainties in fiscal 2010. The Mentor, Ohio, healthcare technology maker continued its quest for operating efficiency in the year ended March 30, leading to […]