Sotera Health Q3 Net Income Reaches $58 Million: Revenue Up 4.4%, Full-Year Outlook Reaffirmed
Sotera Health Company (Nasdaq: SHC), the Cleveland, Ohio-based sterilization and laboratory services provider, announced third-quarter 2026 results on November 3: net revenues increased 4.4% year over year on both a reported and constant-currency basis, net income was $58 million or $0.20 per diluted share, adjusted EBITDA increased 3.9%, and adjusted EPS was $0.29, up 12%.
By segment, Sterigenics net revenues rose 8.5% to $209 million with segment income up 9.6% to $117 million; Nelson Labs revenues rose 8.8% to $61 million; and Nordion revenues fell 12.4% to $55 million on the expected timing of Cobalt-60 harvest schedules, while its segment income margin improved. For the first nine months, Sterigenics revenues were $607 million, Nordion $146 million and Nelson Labs $173 million.
Net cash provided by operating activities was $111 million. As of September 30, the company had $2.2 billion of total debt and $412 million in unrestricted cash and cash equivalents, and its net leverage ratio improved to 2.9x from 3.2x at the end of 2025, within its long-term goal of 2.0x to 3.0x. Moody's Ratings upgraded the company's credit rating in early October. CEO Alton Shader said the quarter delivered solid constant-currency top- and bottom-line growth, with sequential adjusted EBITDA margin improving nearly 100 basis points to 52.5%.
The company reaffirmed its full-year 2026 outlook: net revenues of $1.233 billion to $1.250 billion (constant-currency growth of 5.25% to 6.75%), adjusted EBITDA of $632 million to $641 million (growth of 5.75% to 7.25%), adjusted EPS of $0.95 to $1.01, and capital expenditures of $200 million to $225 million. Sotera Health provides sterilization solutions, lab testing and advisory services to the healthcare industry through Sterigenics, Nordion and Nelson Labs.
(Source: Sotera Health)
Source: Sotera Health
Published by GSM · USA (original Chinese edition)
Photo: 图：Sotera Health 总部所在地 Cleveland 市区天际线。Erik Drost 摄，CC BY 2.0，经 Wikimedia Commons。 / Photo: Downtown skyline of Cleveland, home of Sotera Health. Photo by Erik Drost, CC BY 2.0, via Wikimedia Commons.
