Steris (STE) Declares $0.28 Quarterly Dividend; 1.7% Yield
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Steris (STE) Misses Q2 EPS by 1c; Reaffirms
November 2, 2016 8:50 AM EDTSteris (NYSE: STE) reported Q2 EPS of $0.89, $0.01 worse than the analyst estimate of $0.90. Revenue for the quarter came in at $646.42 million versus the consensus estimate of $670.24 million.
GUIDANCE:
Steris sees FY2017 EPS of $3.85-$4.00, versus the consensus of $3.90.
Sustained organic growth in aggregates and cement pricing, coupled with improved cost discipline and margin capture, contributed to significant year-over-year increases in operating cash flow and net income in the third quarter, stated Tom Hill, CEO of Summit Materials. Materials gross profit increased nearly 30% on a year over year basis,... More
