Sotera Health(SHC)
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Sotera Health Appoints Richard Kyle to the Board of Directors
Globenewswire· 2026-02-05 12:30
CLEVELAND, Feb. 05, 2026 (GLOBE NEWSWIRE) -- Sotera Health Company (Nasdaq: SHC), a leading global provider of mission-critical end-to-end sterilization solutions, lab testing and advisory services for the healthcare industry, announced today it has appointed Richard G. Kyle as a new independent director to its Board of Directors. Mr. Kyle will serve as a member of the Leadership Development and Compensation Committee and the Nominating and Corporate Governance Committee of the Board of Directors. Most rece ...
Sotera Health Company (SHC) Presents at 44th Annual J.P. Morgan Healthcare Conference Transcript
Seeking Alpha· 2026-01-12 21:16
Core Viewpoint - Sotera Health is focused on safeguarding global health through its three business segments: Sterigenics, Nordion, and Nelson Labs, serving over 5,000 customers in 50 countries with a workforce of more than 3,100 employees [3]. Group 1: Company Overview - Sotera Health derives its name from the Greek goddess of safety, reflecting its mission to ensure health safety globally [3]. - The company operates through three main business units: Sterigenics, Nordion, and Nelson Labs, providing comprehensive solutions in the healthcare sector [3]. Group 2: Financial Performance - The presentation emphasizes the strong and consistent financial performance of Sotera Health over many years, indicating a stable growth trajectory [2]. Group 3: Long-term Value Creation - The discussion includes a focus on the company's strategy for driving long-term value for shareholders, highlighting its commitment to sustainable growth and shareholder returns [2].
Sotera Health Company (NasdaqGS:SHC) FY Conference Transcript
2026-01-12 19:32
Summary of Sotera Health Company FY Conference Call Company Overview - **Company Name**: Sotera Health Company (NasdaqGS:SHC) - **Mission**: Safeguarding global health through its three business units: Sterigenics, Nordion, and Nelson Labs [2][3] - **Global Presence**: Over 5,000 customers in 50 countries, 3,100 employees, and 62 facilities across 13 countries [3] - **Customer Base**: Engages with 40 of the top 50 medical device companies and 9 of the top 10 pharmaceutical companies [3] Business Segments Sterigenics - **Largest Business Unit**: Represents about two-thirds of the company's revenue [4] - **EBITDA Margins**: Approximately 50% [4] - **Sterilization Methods**: 39% ethylene oxide, 49% gamma, and 12% eBeam [5] - **Service Model**: Operates as a service business, where customers drop off products for sterilization [5] Nordion - **Product Business**: World's largest provider of Cobalt-60, critical for sterilization [6] - **EBITDA Margins**: Approximately 60% [7] - **Cobalt Sourcing**: Obtains Cobalt-60 from reactors in multiple countries including China, Canada, and Russia [6] Nelson Labs - **Testing Services**: Leader in microbiological and analytical chemistry testing with about 3,000 customers [7] - **Revenue Composition**: 48% routine testing, 37% validation, and 15% advisory services [8] Financial Performance - **Revenue Growth**: Surpassed $1.16 billion in revenue, with a minimum growth of over 5% [10] - **CAGR**: 7% growth in top line and adjusted EBITDA since going public in 2020 [11] - **Free Cash Flow**: Targeting $500 million to $600 million in cumulative free cash flow from 2025 to 2027 [20] - **Leverage Ratio**: Aiming to reduce net leverage from 3.3 times to a target of 2-3 times [12] Strategic Priorities 1. **Customer Service Excellence**: Focus on providing end-to-end solutions [13] 2. **Growth Market Segmentation**: Targeting high-growth segments within med tech and pharma [14] 3. **Operational Excellence**: Enhancing free cash flow through disciplined capital deployment [15] 4. **Long-term Value Creation**: Aiming for consistent top-line growth of 5%-7% annually [17] Market Outlook - **Growth Projections**: Sterigenics expected to grow mid-single to high-single digits, Nelson Labs mid-single digits, and Nordion low-single to mid-single digits [18] - **Pricing Strategy**: Anticipating a price increase of 3%-4% across the company [30] Regulatory Environment - **NESHAP Standards**: New regulations for ethylene oxide have been extended to April 2028, impacting smaller competitors [33] - **Litigation Updates**: Favorable rulings in Georgia regarding ethylene oxide litigation, with ongoing cases in California [52][54] Investment Rationale - **Market Position**: Leader in a growing $18 billion addressable market with strong margins and cash flow [24] - **Regulatory Expertise**: Established expertise in navigating highly regulated markets [24] - **Growth Potential**: Continued investment in capacity and operational improvements expected to drive future growth [25] Conclusion - **Company Confidence**: Strong execution and commitment to delivering growth and cash flow, positioning Sotera Health as a compelling investment opportunity for the future [55]
Sotera Health Company (NasdaqGS:SHC) FY Earnings Call Presentation
2026-01-12 18:30
2026 J.P. Morgan Healthcare Conference Safeguarding Global Health® Michael B. Petras, Jr. Chairman and Chief Executive Officer January 12, 2026 © 2026 Sotera Health Company | All Rights Reserved. Cautionary Note Regarding Forward-Looking Statements and Non-GAAP Financial Measures Unless expressly indicated or the context requires otherwise, the terms "Sotera Health," "Company," "we," "us," and "our" in this presentation refer to Sotera Health Company, a Delaware corporation, and, where appropriate, its subs ...
Sotera Health(SHC) - 2025 Q4 - Annual Results
2026-01-12 12:24
Financial Results - Sotera Health Company announced preliminary revenue results for full-year 2025, which are within the guidance provided during the third quarter earnings release[8]. - The preliminary revenue results are subject to completion of year-end financial closing procedures and audit by the independent registered public accounting firm[8]. - The financial results are being disclosed under Item 2.02 and Item 7.01 of the SEC filing[10]. - The press release detailing the preliminary financial results was issued on January 12, 2026[6]. Company Information - The company is incorporated in Delaware and trades on The Nasdaq Stock Market under the symbol SHC[2]. - The address of the principal executive offices is 9100 South Hills Blvd, Suite 300, Broadview Heights, Ohio 44147[2]. - The company has not indicated any changes to its status as an emerging growth company[4]. Upcoming Events - The company will present a business update at the 44th Annual J.P. Morgan Healthcare Conference on January 12, 2026[9]. Document Details - The report was signed by Jonathan M. Lyons, Senior Vice President and Chief Financial Officer[13]. - The press release is attached as Exhibit 99.1 in the SEC filing[11].
Sotera Health to Showcase Continued Revenue Growth and Strategic Value Creation at 44th Annual J.P. Morgan Healthcare Conference
Globenewswire· 2026-01-12 12:00
Core Viewpoint - Sotera Health Company is experiencing solid growth, with revenue expected to exceed $1.16 billion in 2025, marking a year-over-year increase of at least 5.5% [2] Group 1: Company Overview - Sotera Health is a leading global provider of end-to-end sterilization solutions, lab testing, and advisory services for the healthcare industry [6] - The company operates through three business segments: Sterigenics, Nordion, and Nelson Labs [6] - The mission of Sotera Health is to safeguard global health [6] Group 2: Financial Performance - Revenue for 2025 is projected to surpass $1.16 billion, reflecting a growth of at least 5.5% year-over-year or 5.0% on a constant-currency basis [2] - This growth marks over two decades of consecutive year-over-year revenue increases, demonstrating the durability of the company's business model and financial profile [2] - Full-year results and the 2026 outlook will be shared on February 24, 2026 [2] Group 3: Investor Relations - A live webcast of the company's presentation at the J.P. Morgan Healthcare Conference will be available on the Investor Relations section of the company's website [2] - A replay of the presentation will be accessible within 48 hours and archived on the company's website [2]
Sotera Health Director Warburg Pincus Sells 9.7 Million Shares for $158.7 Million
Yahoo Finance· 2026-01-08 16:38
Core Insights - The transaction involved Warburg Pincus & Co. selling 9,720,000 shares of Sotera Health Company at approximately $16.33 per share, totaling $158,727,600, which represents a significant reduction in their indirect stake [4][7]. Company Overview - Sotera Health Company is a prominent provider of sterilization and lab testing services, with a diverse customer base in healthcare and life sciences, leveraging advanced technology and regulatory expertise to ensure product safety and compliance [6]. Transaction Details - The sale was executed through indirect entities, specifically Bull Holdco L.P. and Bull Co-Invest L.P., with Warburg Pincus holding no direct shares before or after the transaction [3][5]. - The 9,720,000 shares sold accounted for 22.18% of Warburg Pincus's indirect stake, leaving them with 34,102,952 shares indirectly held post-transaction [4]. Market Performance - As of January 8, 2026, Sotera Health's stock has increased nearly 40% year over year, with consistent sales growth reported in seven out of the last eight quarters and earnings growth in the latest three quarters [7]. - The stock price was $16.84 at market close on the day of the transaction, reflecting a year-over-year increase of 31.25% as of December 3, 2025, indicating favorable liquidity conditions for the sale [1][7]. Institutional Ownership - Warburg Pincus, a global private equity firm, holds a significant investment in Sotera Health, owning 48% of the company, and has three seats on its board of directors [8][9]. - The presence of institutional investors like Warburg Pincus can signal potential upside for retail investors, despite the recent sale raising some concerns [9].
Sotera Health to Present at the 44th Annual J.P. Morgan Healthcare Conference
Globenewswire· 2026-01-07 12:30
Core Viewpoint - Sotera Health Company will present at the 44th Annual J.P. Morgan Healthcare Conference on January 12, 2026, highlighting its role as a leading provider of sterilization solutions and lab testing services for the healthcare industry [1]. Group 1 - Sotera Health is recognized as a global leader in providing mission-critical end-to-end sterilization solutions, lab testing, and advisory services for the healthcare sector [3]. - The company operates through three main business units: Sterigenics®, Nordion®, and Nelson Labs® [3]. - The company is dedicated to its mission of "Safeguarding Global Health®" [3]. Group 2 - A live webcast of the presentation will be accessible on the Investor Relations section of the company's website, with a replay available within 48 hours [2]. - Updates relevant to investors can be found in the Investor Relations section of the company's website [4].
Sotera Health Company (NasdaqGS:SHC) FY Conference Transcript
2025-12-03 17:02
Summary of Sotera Health Company FY Conference Call Company Overview - **Company**: Sotera Health Company (NasdaqGS:SHC) - **Date of Conference**: December 03, 2025 Key Industry Insights - **Market Normalization**: The med tech industry is experiencing consistent volume expansion across various customer types, indicating a normalized market without significant transient factors affecting volumes [1][2] - **Outsourcing Trends**: Approximately two-thirds of the sterilization market is outsourced, with a gradual shift towards outsourcing over multiple years, but no significant year-to-year changes are observed [5][6] - **NSHAP Regulations**: The new NSHAP regulations regarding sterilizers, particularly ethylene oxide, are expected to take effect in April 2026, but concerns about compliance have diminished due to extensions [7][9] Company Performance and Strategy - **Capacity Management**: The company is cautious about capital investments in new sterilization capacity, ensuring that new facilities are justified by demand and customer commitments [14][16] - **Future Capacity Plans**: New facilities are expected to come online in late 2026 and 2027, with a strategy to secure about 40% of capacity commitments before construction [16][18] - **Pricing Power**: The company anticipates maintaining a price increase of 3%-4% annually, with Sterigenics positioned at the higher end of this range due to multi-year contracts [21][22] Financial Outlook - **Capital Expenditure (CapEx)**: Current CapEx is elevated due to cobalt development and NSHAP compliance, but is expected to decrease to around $100 million in the long term [22][23] - **Debt Management**: The company aims to reduce net leverage to 2-3 times by the end of 2027, while generating $500-$600 million in free cash flow during the same period [27][30] - **Cash Allocation**: Priorities for cash allocation include organic growth, debt reduction, and potential M&A opportunities, with a focus on maintaining a strong balance sheet [31][32] Business Segments - **Nordion**: The Cobalt-60 business is a significant cash generator with a 60% margin, providing essential sterilization services and maintaining a strong market position [35][36] - **Nelson Labs**: The testing business is crucial for regulatory compliance and product marketability, with a focus on sterility assurance and cross-business synergies with Sterigenics [38][39][40] Litigation and Risk Management - **Litigation Status**: The company has made progress in de-risking its litigation profile, particularly concerning ethylene oxide cases, with confidence in scientific evidence supporting its position [43][44] Conclusion - Sotera Health Company is well-positioned in the med tech industry, with a focus on maintaining growth, managing capacity, and navigating regulatory challenges while ensuring strong financial health and strategic investments in its core businesses.
Sotera Health Company (NasdaqGS:SHC) Conference Transcript
2025-11-19 14:32
Sotera Health Company Conference Summary Company Overview - **Company Name**: Sotera Health Company - **Ticker**: NasdaqGS:SHC - **Date of Conference**: November 19, 2025 - **CEO**: Michael Petras - **Business Structure**: Comprises three entities: Sterigenics, Nordion, and Nelson Labs - **Global Presence**: Approximately 5,000 customers in over 50 countries, with 62 facilities worldwide and over 3,000 employees [3][4][5] Core Business Insights - **Sterigenics**: Largest business segment, a global leader in sterilization services for medtech and pharma industries. Utilizes gamma radiation, ethylene oxide, and E-beam sterilization methods [4][6][9] - **Nordion**: Unique product business providing cobalt-60 for sterilization, with a recently renewed 25-year site license in Ottawa, Canada [7][8] - **Nelson Labs**: Focuses on microbiology and analytical chemistry testing, serving the same customer base as Sterigenics [8][9] Financial Performance - **Growth Metrics**: - 7% CAGR on both top line and bottom line since going public in 2020 - Recent quarter: 9% top line growth, 12.2% adjusted EBITDA growth, and adjusted EPS of $0.09 [9][10] - Year-to-date: 6% top line growth, 10% adjusted EBITDA growth, and adjusted EPS of $0.11 [10] - **Liquidity**: Approximately $900 million in liquidity with a net leverage ratio of about 3.3 times [10] Strategic Priorities - **Customer Service Excellence**: Focus on end-to-end solutions and cross-business collaboration, with over 40% of Nelson Labs business tied to sterility assurance [11][12] - **Market Growth**: Targeting mid to high single-digit organic growth across all business segments, with a long-range plan of 5-7% growth from 2025 to 2027 [12][13] - **Operational Excellence**: Emphasis on enhancing free cash flow and disciplined capital allocation, with a focus on growth investments in cobalt-60 development [12][14] Capital Allocation and M&A Strategy - **Capital Deployment**: Majority focused on CapEx for growth investments, particularly in cobalt-60 development [13][14] - **M&A Outlook**: Open to strategic acquisitions, particularly in Sterigenics and Nordion, while ensuring stability in Nelson Labs [34][35] Market Dynamics - **Competitive Landscape**: Nelson Labs operates in a fragmented market with many competitors, but differentiates itself through a focus on med device and pharma testing [31][32] - **Regulatory Influence**: New regulations drive demand for Nelson Labs' services, particularly in helping customers meet compliance [32][33] Future Outlook - **Growth Projections**: Anticipated growth of 5-7% on the top line and 5-8% on the bottom line from 2025 to 2027, with expected free cash flow of $500 million to $600 million over the same period [15][17] - **Market Positioning**: Strong customer relationships and a global network of facilities position the company well for future growth [16][17] Additional Insights - **Capacity Expansion**: Ongoing investments in capacity to support growth, including new facilities for X-ray sterilization [21][22] - **Inventory Management**: Improved stability in customer inventory levels is expected to enhance growth in the Sterigenics business [39][41] - **Bioprocessing Growth**: Although a small percentage of total business, bioprocessing is showing growth, influenced by new regulatory requirements [43][44]