STERIS CORP | 2013 | FY | 3

QUARTERLY RESULTS (UNAUDITED)
 
Quarters Ended
March 31,
 
December 31,
 
September 30,
 
June 30,
Fiscal 2013 (1)
 
 
 
 
 
 
 
Revenues:
 
 
 
 
 
 
 
Product
$
278,237

 
$
243,722

 
$
231,650

 
$
213,753

Service
149,979

 
136,683

 
124,671

 
123,207

Total Revenues
428,216

 
380,405

 
356,321

 
336,960

Cost of Revenues:
 
 
 
 
 
 
 
Product
158,587

 
139,683

 
127,147

 
125,482

Service
91,861

 
87,600

 
76,053

 
74,226

Total Cost of Revenues
250,448

 
227,283

 
203,200

 
199,708

Gross Profit
177,768

 
153,122

 
153,121

 
137,252

Percentage of Revenues
41.5
%
 
40.3
%
 
43.0
%
 
40.7
%
Restructuring Expenses
5

 
(386
)
 
(48
)
 
(136
)
Net Income
$
41,381

 
$
48,097

 
$
40,145

 
$
30,354

Basic Income Per Common Share:
 
 
 
 
 
 
 
Net income
$
0.71

 
$
0.82

 
$
0.69

 
$
0.52

Diluted Income Per Common Share:
 
 
 
 
 
 
 
Net income
$
0.70

 
$
0.82

 
$
0.68

 
$
0.52

 
 
 
 
 
 
 
 
Fiscal 2012 (2)
 
 
 
 
 
 
 
Revenues:
 
 
 
 
 
 
 
Product
$
263,211

 
$
239,403

 
$
223,502

 
$
202,013

Service
127,038

 
115,812

 
119,205

 
116,626

Total Revenues
390,249

 
355,215

 
342,707

 
318,639

Cost of Revenues:
 
 
 
 
 
 
 
Product
149,781

 
145,976

 
138,805

 
117,433

Service
76,243

 
71,233

 
70,593

 
68,281

Total Cost of Revenues
226,024

 
217,209

 
209,398

 
185,714

Gross Profit
164,225

 
138,006

 
133,309

 
132,925

Percentage of Revenues
42.1
%
 
38.9
%
 
38.9
%
 
41.7
%
Restructuring Expenses
(877
)
 
1,164

 
99

 
258

Net Income
$
44,171

 
$
33,649

 
$
29,564

 
$
28,731

Basic Income Per Common Share:
 
 
 
 
 
 
 
Net income
$
0.77

 
$
0.58

 
$
0.50

 
$
0.48

Diluted Income Per Common Share:
 
 
 
 
 
 
 
Net income
$
0.76

 
$
0.58

 
$
0.50

 
$
0.48


(1)    The fiscal 2013 quarter ended September 30, includes the impact of the SYSTEM 1 Rebate Program as a $20,400 increase in product revenues and a $1,100 decrease in product cost of revenues. The fiscal 2013 quarter ended December 31, includes the impact of a $15,800 adjustment to the SYSTEM 1 class action settlement as a decrease in selling, general and administrative expenses. The fiscal 2013 quarter ended March 31, includes the impact of the SYSTEM 1 Rebate Program as a $1,967 increase in product revenues and a $173 decrease in product cost of revenues and the impact of a $982 adjustment to the SYSTEM 1 class action settlement as a decrease in selling, general and administrative expenses.
(2)    The fiscal 2012 quarter ended March 31, includes the impact of the SYSTEM 1 Rebate Program as a $15,306 increase in product revenues and a $2,097 decrease in product cost of revenues.

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