sotera health investor relations

Represents non-recurring costs associated with the COVID-19 pandemic, including incremental costs to implement workplace health and safety measures. In evaluating Adjusted EBITDA, you should be aware that, in the future, we will incur expenses similar to the adjustments in this presentation. The year ended December 31, 2022 excludes a $1.7 million net decrease in the fair value of interest rate derivatives not designated as hedging instruments recorded to interest expense. Sotera Health Reports First-Quarter 2023 Results Sorry, there are no recent results for popular commented articles. There has been an increase in deferred elective procedures, which negatively impacts demand for some of our products and services as a result of a decrease in the need for sterilised medical devices used in these procedures, the SEC filing said. Represents litigation and other professional fees associated with our ethylene oxide sterilization facilities. We believe that these measures are useful to our investors because they provide a more complete understanding of the factors and trends affecting our business than could be obtained absent this disclosure. For developments related to Ethylene Oxide, updates can be found at https://investors.soterahealth.com/ethylene-oxide-eo-overview. In addition, we believe these measures will assist investors in making comparisons to our historical operating results and analyzing the underlying performance of our operations for the periods presented. Represents (i) certain direct and incremental costs related to the acquisitions of BioScience Laboratories in 2021, Iotron Industries in July 2020 and Nelson Labs Fairfield in 2018 (including the first quarter 2021 gain on the mandatorily redeemable noncontrolling interest), and certain related integration efforts as a result of those acquisitions, (ii) the earnings impact of fair value adjustments (excluding those recognized within amortization expense) resulting from the businesses acquired, and (iii) transition services income and non-cash deferred lease income associated with the terms of the divestiture of the Medical Isotopes business in 2018. Sotera Health Closes on $500 Million Term Loan B Financing. Includes depreciation of cobalt-60 held at gamma irradiation sites. Represents the estimated cost to settle the claims of approximately 870 ethylene oxide cases pending against Sterigenics in Illinois under binding term sheets entered into on January 9, 2023, subject to substantially all of the plaintiffs providing opt-in consents to their individual settlement allocations and dismissing their claims with prejudice and the satisfaction of other conditions. CLEVELAND, OH, Jan. 11, 2022 - Sotera Health Company ("Sotera Health" or the "Company") (NASDAQ: SHC), a leading global provider of mission-critical end-to-end sterilization solutions, lab testing and advisory services for the healthcare industry, today is providing an update on the Company's accomplishments and key growth drivers, as well as the current market dynamics related to . Are you interested in the Sotera Health IPO 2020? Please refer to our Risk Disclosure Statement. Any forward-looking statements contained in this release are based upon our historical performance and on our current plans, estimates and expectations of the Companys future performance and the future performance of the markets in which the Company operates in light of information currently available to us. February 23, 2023. This release contains forward-looking statements that reflect managements expectations about future events and the Companys operating plans and speak only as of the date hereof. Sotera Health IPO: should you add this billion-dollar company to your Risk warning: onducting operations with non-deliverable over-the-counter instruments are a risky activity and can bring not only profit but also losses. 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You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. If you agree to our use of cookies press I Agree, or continue to use our site, which will be considered consent. April 18, 2023 08:00 ET A replay will also be made available. Sotera Healths net leverage ratio as of March 31, 2021 improved to 4.1x. For first-quarter 2021, Nordion net revenues were $26 million, an increase of approximately 10% compared to the first quarter a year ago. The outlook provided above contains a number of assumptions, including, among others, the Companys current expectations regarding the impact of the COVID-19 pandemic, including the rate of recoveries of elective procedures and new product development testing, and exchange rates. Our management also uses these measurements in their financial analysis and operational decision-making and Adjusted EBITDA serves as the basis for the metric we utilize to determine attainment of our primary annual incentive program. Past performance is no guarantee of future results. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. The advantage of CFD trading is that you can try to profit from both positive and negative price fluctuations in the stock: you can take a long position if you expect the shares to move above their IPO value; you can go short if you think the IPO is overvalued and you expect the SHC share price to fall. Sotera Health is committed to its mission, Safeguarding Global Health. We discussed Sotera Health Company (NASDAQ:SHC) in another article and shared Meridian Funds' views on the company. You have permission to edit this article. Represents non-cash share-based compensation expense. Purchased outstanding equity interest relating to the 2018 acquisition of Gibraltar Labs (now named Nelson Labs Fairfield). 2023 Sotera Health All rights reserved. Accordingly, the final results and other disclosures for the year ended December 31, 2022 may differ materially from the preliminary estimates being announced today. Adjusted EBITDA Margin is equal to Adjusted EBITDA divided by net revenues. SHC - Sotera Health Company NasdaqGS - NasdaqGS Real Time Price. When Sotera Health shares begin trading on the Nasdaq, you will be able to trade them via contracts for difference (CFDs) on Capital.com. Increasing demand for healthcare services has benefited several companies that have gone public in recent months, including GoodRx (GDRX), GoHealth (GOCO) and Outset (OM), and Sotera Health is aiming to capitalise on that trend. Sotera Health is committed to its mission, Safeguarding Global Health. Adjusted EBITDA in the range of $465 million to $485 million, representing growth of approximately 11% to 16%, compared to the prior year. Condensed Consolidated Statements of Cash Flows, Changes in operating assets and liabilities, Net cash provided by operating activities, Purchases of property, plant and equipment, Purchase of mandatorily redeemable noncontrolling interest in Nelson Laboratories Fairfield, Purchase of BioScience Laboratories, LLC, net of cash acquired, Payments of debt issuance costs and prepayment premium, Net cash (used in) provided by financing activities, Effect of exchange rate changes on cash and cash equivalents, Net increase in cash and cash equivalents, including restricted cash, Cash and cash equivalents, including restricted cash, at beginning of period, Cash and cash equivalents, including restricted cash, at end of period. January 9, 2023. Past profits do not guarantee future profits. Sotera Health is committed to its mission, Safeguarding Global Health. Sotera noted in its S-1 form: As a service provider to manufacturers, we are not directly exposed to risks associated with reimbursement by public or private payors. Selling, general and administrative expenses, Less: Net income (loss) attributable to noncontrolling interests, Net income (loss) attributable to Sotera Health Company. A replay of the webcast will be available later in the day on February 28th. Contents: Prepared Remarks; Questions and Answers; Call Participants; Prepared Remarks: Operator July 20, 2022 18:00 ET ET. February 15, 2023. For developments related to Ethylene Oxide, updates can be found atEthylene Oxide | Sotera Health. Watch Our Mission in Action: Safeguarding Global Health. The company may sell up to seven million additional shares if the underwriters exercise their option to purchase additional shares. Sotera Health is committed to its mission, Safeguarding Global Health. First-quarter 2021 net revenues increased 13% to $212 million, compared with $188 million in the first-quarter a year ago. Sotera Health goes to market through three businesses Sterigenics, Nordion and Nelson Labs. The size of the potential loss is limited to the funds held by us for and on your behalf, in relation to your trading account. CLEVELAND, May 12, 2023 (GLOBE NEWSWIRE) Sotera Health Company ("Sotera Health" or the "Company") SHC, a leading global provider of mission-critical end-to-end sterilization solutions, lab testing and advisory services for the healthcare industry, today announced that Chairman and CEO Michael B. Petras, Jr. will participate in an open forum discussion at the 2023 RBC Capital . Provision for income taxes for the year ended December 31, 2022 differed from the statutory rate of 21% primarily due to an increase in the partial valuation allowance against our excess interest expense carryforward balance, an increase in the valuation allowance against State deferred tax assets, and the impact of the foreign rate differential, partially offset by state income taxes (net of federal benefit). We expect that increasing utilisation of medical devices, including the equipment and consumables that we sterilise and test, expansion in pharmaceutical development and a growing focus on microbial decontamination (including viruses) will continue to drive growth in our business and provide us the opportunity to expand within our markets.. Sotera Health is committed to its mission, Safeguarding Global Health. The listed share price range puts the IPO valuation between $932m and $1.07bn. The Company also is announcing that the 2022 full-year net loss is expected to be in a range of $226 million to $236 million, which includes a $408 million legal reserve recorded in Q4 2022 related to the binding term sheets to settle 870+ ethylene oxide claims in Cook County, IL, subject to the satisfaction or waiver of the various conditions set forth in the term sheets. Sotera Health management will host a conference call and webcast to discuss the Companys operating highlights and financial results at 9:00 a.m. Eastern Time today. Management believes these are useful because they allow management to more effectively evaluate our operating performance and compare the results of our operations from period to period without the impact of certain non-cash items and non-routine items that we do not expect to continue at the same level in the future and other items that are not core to our operations. Sotera Health's stock indicated to open around $25.20, or 9.6% above the $23 IPO price. As of March 31, 2021, Sotera Health had $1.87 billion of total debt, and $108 million of cash and cash equivalents, compared to $1.86 billion of total debt and $102 million of cash and cash equivalents as of December 31, 2020. CLEVELAND, Oct. 19, 2022 (GLOBE NEWSWIRE) -- Sotera Health Company (Nasdaq: SHC), a leading global provider of mission-critical end-to-end sterilization solutions and lab testing and advisory. Following the release, management will hold a conference call at 9:00 a.m. Eastern Time to discuss the Companys operating highlights and financial results. A replay of the webcast will be available later in the day on May 3rd. The steady stream of billion-dollar initial public offerings (IPOs) continues this week with medical sterilisation company Sotera Health. Represents an impairment charge on our equity method investment in a joint venture. We define Adjusted EPS as Adjusted Net Income divided by the weighted average number of diluted shares outstanding. Sotera Health goes to market through three businesses Sterigenics, Nordionand Nelson Labs. Jefferies Virtual Healthcare Conference at 9:30 a.m. Eastern Time, June 1, 2021. The Sotera Health IPO price per share is listed at $20-23 with 46.6 million shares on offer. The preliminary financial information included in this release has been prepared by, and is the responsibility of, the Companys management. The listed share price range puts the IPO valuation between $932m and $1.07bn. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances, are forward-looking statements. While that search is ongoing, Sotera Health is pleased to announce . We are off to a strong start in 2021, reporting double-digit revenue growth, meaningful net income growth, and double-digit Adjusted EBITDA growth in the first quarter, said Chairman and Chief Executive Officer, Michael B. Petras, Jr. All three of our segments achieved solid revenue and segment income growth for the quarter, while managing ongoing challenges as a result of the pandemic. The company filed its IPO prospectus on October 23 and is scheduled to price the offering on November 19, then start trading on November 20. CLEVELAND, May 12, 2023 (GLOBE NEWSWIRE) -- Sotera Health Company (Sotera Health or the Company) (NASDAQ: SHC), a leading global provider of mission-critical end-to-end sterilization solutions, lab testing and advisory services for the healthcare industry, today announced that Chairman and CEO Michael B. Petras, Jr. will participate in an open forum discussion at the 2023 RBC Capital Markets Global Healthcare Conference on Tuesday, May 16, 2023 at 4:35 pm Eastern. This preliminary estimated financial data should not be viewed as a substitute for financial statements prepared in accordance with U.S. GAAP. The Company is reaffirming its expectation that 2022 full-year net revenues will be within the previously announced guidance range of $995 million to $1.005 billion. These forward-looking statements are subject to various risks, uncertainties and assumptions relating to our operations, financial results, financial condition, business, prospects, growth strategy and liquidity. Investor Relations | Sotera Health These forward-looking statements are subject to various risks, uncertainties and assumptions relating to our operations, financial results, financial condition, business, prospects, growth strategy and liquidity. Sotera Health is committed to its mission, Safeguarding Global Health. Sotera Health to Present at the 2023 RBC Capital Markets Global Updates can be found from time to time on recent developments in matters relevant to investors on the Investor Relations section of the Companys website atInvestor Relations | Sotera Health. To supplement our consolidated financial statements presented in accordance with GAAP, we consider Adjusted EBITDA, a financial measure that is not based on any standardized methodology prescribed by GAAP. | Source: Further, although our operations are considered essential in all locations where we operate, we have experienced, and may experience in the future, temporary facility closures while awaiting appropriate government approvals in certain jurisdictions or delays in delivering products or services to customers For example, we experienced delayed deliveries at certain locations as a result of governmental travel restrictions enacted in response to the Covid-19 pandemic., The company explained: If the Covid-19 outbreak disrupts our supply chain, it could adversely impact our ability to secure supplies for our facilities, which could adversely affect our operations, and those effects could be material. Accordingly and related to this incremental debt financing, we are presenting preliminary estimates of certain financial information that we expect to report on February 28, 2023 for the year ended December 31, 2022. We define Adjusted Net Income as net income (loss) before amortization and certain other adjustments that we do not consider in our evaluation of our ongoing operating performance from period to period. Represents non-recurring costs associated with the COVID-19 pandemic, including donations to related charitable causes, special bonuses for front-line personnel working on-site during lockdown periods and incremental costs to implement workplace health and safety measures. First Amendment: Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances. Our Net Debt is equal to our total debt, plus unamortized debt issuance costs and debt discounts, less cash and cash equivalents. CLEVELAND, May 13, 2021 (GLOBE NEWSWIRE) -- Sotera Health Company ("Sotera Health" or the "Company") (Nasdaq: SHC), a leading global provider of mission-critical end-to-end sterilization. Sotera Health goes to market through three businesses Sterigenics, Nordion and Nelson Labs. CLEVELAND, Jan. 11, 2021 (GLOBE NEWSWIRE) -- Sotera Health Company (Nasdaq: SHC), a leading global provider of mission-critical end-to-end sterilization solutions and lab testing and advisory. Sotera Health Announces Second-Quarter 2022 Earnings - GlobeNewswire You can identify these forward-looking statements by the use of forward-looking words such as will, may, plan, estimate, project, believe, anticipate, expect, intend, should, would, could, target, goal, continue to, positioned to, are confident or the negative version of those words or other comparable words. The inclusion of this forward-looking information should not be regarded as a representation by us that the future plans, estimates or expectations contemplated by us will be achieved. To determine the aggregate tax effect of the reconciling items, we utilized statutory income tax rates ranging from 0% to 35%, depending upon the applicable jurisdictions of each adjustment. Estimates of financial results are inherently uncertain and we undertake no obligation to update this information before announcement of final results for 2022. Sotera Health to Present at the 2023 RBC Capital Markets Sotera Health goes to market through three businesses Sterigenics, Nordionand Nelson Labs. Represents non-cash accretion of asset retirement obligations related to Co-60 and gamma processing facilities, which are based on estimated site remediation costs for any future decommissioning of these facilities (without regard for whether the decommissioning services would be performed by employees of Nordion, instead of by a third party) and are accreted over the life of the asset. Segment income increased approximately 30% to $23 million. The increases in both revenue and segment income were driven by strengthening of the Canadian dollar compared to the U.S. dollar, favorable pricing, and higher volumes of medical-use cobalt-60. To determine the aggregate tax effect of the reconciling items, we utilized statutory income tax rates ranging from 0% to 35%, depending upon the applicable jurisdictions of each adjustment. Updates can be found from time to time on recent developments in matters relevant to investors on the Investor Relations section of the Companys website at Investor Relations | Sotera Health. We do not undertake any obligation to publicly update or revise these forward-looking statements, except as otherwise required by law. 0001822479-23-000035 | SD | Sotera Health Sotera Health Confirms Preliminary 2022 Full-Year Guidance in Conjunction with Incremental Debt Financing. The value of shares and ETFs bought through a share dealing account can fall as well as rise, which could mean getting back less than you originally put in. When evaluating our performance, you should consider Adjusted EBITDA alongside other financial performance measures, including our net income and other GAAP measures. Represents non-cash share-based compensation expense. The Investor Relations website contains information about Sotera Health's business for stockholders, potential investors, and financial analysts. For first-quarter 2021, Nelson Labs net revenues were $55 million, an increase of more than 16% compared to the first quarter a year ago. comments should be only on the topic of this article (please contact Support center for individual queries relating to your trading account); comments shouldnt contain inappropriate content (personal attack, violence, scam, etc. If you are looking for a way to trade the stock as soon as the listing goes live, look no further than Capital.com. Winds N at 5 to 10 mph.. CLEVELAND, May 13, 2021 (GLOBE NEWSWIRE) -- Sotera Health Company (Sotera Health or the Company) (Nasdaq: SHC), a leading global provider of mission-critical end-to-end sterilization solutions, lab testing and advisory services for the healthcare industry, today announced financial results for the three months ended March 31, 2021. The company may sell up to seven million additional shares if the underwriters exercise their option to purchase additional shares. The facility remains undrawn at this time. Sterigenics was established in the 1930s to provide sterilisation services; Nordion has provided expertise in gamma technologies and medical isotopes since 1946; and Nelson Labs was founded in 1985 to provide lab testing services. Any forward-looking statements contained in this release are based upon our historical performance and on our current plans, estimates and expectations in light of information currently available to us. Sotera Health - Integrated Global Health Solutions Sotera Health goes to market through three businesses Sterigenics, Nordion and Nelson Labs. The company will use some of the proceeds to repay debt and the rest for working capital and general corporate purposes. Sotera Health Announces Fourth-Quarter and Full-Year 2022 Earnings Release Date. Welcome to Capital.com. That could include acquisitions or investments in complementary products, services, technologies or businesses, according to the SEC filing. Our Net Leverage Ratio is equal to Net Debt divided by the trailing twelve-months of Adjusted EBITDA. CLEVELAND, Oct. 19, 2022 (GLOBE NEWSWIRE) -- Sotera Health Company (Nasdaq: SHC), a leading global provider of mission-critical end-to-end sterilization solutions and lab testing and advisory . 0001822479-23-000037 | 8-K | Sotera Health Following the release, management will hold a conference call at 9:00 a.m. Eastern Time to discuss the Companys operating highlights and financial results. CLEVELAND, May 12, 2023 (GLOBE NEWSWIRE) -- Sotera Health Company (Sotera Health or the Company) (NASDAQ: SHC), a leading global provider of mission-critical end-to-end sterilization solutions, lab testing and advisory services for the healthcare industry, today announced that Chairman and CEO, Q1 2023 net revenues of $221 million decreased 7% , compared to Q1 2022, primarily driven by Nordion Cobalt-60 harvest schedule timing, as expected Q1 2023 net income of $3 million or $0.01 per diluted share, compared to net income of $31 million or $0.11 per diluted share in Q1 2022 Q1 2023, CLEVELAND, April 18, 2023 (GLOBE NEWSWIRE) -- Sotera Health Company (Nasdaq: SHC), a leading global provider of mission-critical end-to-end sterilization solutions and lab testing and advisory services for the healthcare industry, today announced its plans to release its financial results for the, Sotera Health Reports First-Quarter 2023 Results, Sotera Health Q1 2023 Earnings Conference Call, First-Quarter 2023 Earnings Results Slides, Sotera Health to Present at the 2023 RBC Capital Markets Global Healthcare Conference, Sotera Health Announces First-Quarter 2023 Earnings Release Date, 2023 RBC Capital Markets Global Healthcare Conference, KeyBanc Capital Markets Life Sciences & MedTech Investor Forum. To participate in the live call, please dial 1-833-303-1211 if dialing in from the United States or Canada, or 1-918-922-6527 if dialing in from other locations. SHC - Sotera Health Company This release contains forward-looking statements that reflect managements expectations about future events and the Companys operating plans and performance and speak only as of the date hereof. Represents the difference between income tax expense or benefit as determined under U.S. GAAP and the income tax benefit associated with pre-tax adjustments described in footnote (k). What Makes Sotera Health Company (SHC) an Attractive Investment For developments related to Ethylene Oxide, updates can be found atEthylene Oxide | Sotera Health. About Sotera HealthSotera Health Company is a leading global provider of mission-critical end-to-end sterilization solutions and lab testing and advisory services for the healthcare industry. Represents the tax benefit or provision associated with the reconciling items between net loss and Adjusted Net Income. Tax rate applicable to Adjusted Net Income of approximately 28%. Upon registration, all telephone participants will receive a confirmation email detailing how to join the conference call, including the dial-in number along with a unique passcode and registrant ID that can be used to access the call. Includes depreciation of Co-60 held at gamma irradiation sites. To participate via telephone, please register in advance at thislink. CLEVELAND, April 18, 2023 (GLOBE NEWSWIRE) -- Sotera Health Company (Nasdaq: SHC), a leading global provider of mission-critical end-to-end sterilization solutions and lab testing and advisory services for the healthcare industry, today announced its plans to release its financial results for the first-quarter ended March 31, 2023 before the market opens on Wednesday, May 3, 2023. Following the release, management will hold a conference call at 9:00 a.m. Eastern Time to discuss the Companys operating highlights and financial results. Investors and the general public are invited to listen to the live webcast of Mr. Petras' discussion by accessing the link on the Sotera Health website under the Investor Relations section . But is the Sotera Health IPO stock price a fair valuation that will provide a positive return for investors going forward? The SHC IPO filing notes that medical device and pharmaceutical manufacturers often outsource their sterilisation and lab services tasks, as the technical and regulatory expertise and infrastructure required are costly to finance and resource in-house. CLEVELAND, April 18, 2023 (GLOBE NEWSWIRE) -- Sotera Health Company (Nasdaq: SHC), a leading global provider of mission-critical end-to-end sterilization solutions and lab testing and advisory services for the healthcare industry, today announced its plans to release its financial results for the first-quarter ended March 31, 2023 before the mar.
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