Steris Shares Rise After $48.2 Million Settlement on Ethylene Oxide Emissions

MT Newswires Live

Mar 05, 2025

Steris (STE) shares were up 2% in recent trading on Tuesday a day after its unit Isomedix Operations agreed to settle personal injury claims related to ethylene oxide emissions with several plaintiffs for $48.2 million.

The claims are currently pending in the Circuit Court of Cook County, Illinois, according to Isomedix.

The company said it will fund the settlement with a mix of cash on hand and borrowing under its existing revolving credit facility. The charge for the $48.2 million settlement will be recorded for the fiscal year ended March 31, 2025, but will be excluded from Steris' fiscal 2025 adjusted earnings measures.

Isomedix expects all ethylene oxide-related claims from covered plaintiffs to be dismissed upon court approval.

Price: 227.29, Change: +4.57, Percent Change: +2.05

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The charge for the $48.2 million settlement will be recorded for the fiscal year ended March 31, 2025, but will be excluded from Steris' fiscal 2025 adjusted earnings measures.</p><p>Isomedix expects all ethylene oxide-related claims from covered plaintiffs to be dismissed upon court approval.</p><p>Price: 227.29, Change: +4.57, Percent Change: +2.05</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4082","symbol_name":"医疗保健设备","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2517024206","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2517024206","pubTimestamp":1741111540,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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