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Sotera Health Company (SHC) investor relations material

Sotera Health Company Piper Sandler 37th Annual Healthcare Conference summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Piper Sandler 37th Annual Healthcare Conference summary3 Dec, 2025

Market trends and volume dynamics

  • Consistent volume expansion observed across med tech categories, with no material impact from tariffs or transient factors affecting recent growth.

  • Supply chain movements remain stable, with only minor early-year adjustments and no significant geographic shifts.

Outsourcing and regulatory environment

  • Outsourced sterilization comprises about two-thirds of the market, trending toward 70%, with only gradual shifts over multiple years.

  • New NSHAP regulations for ethylene oxide sterilizers, now delayed to 2026, have lessened immediate compliance concerns but may challenge smaller players when implemented.

  • Some insourcing customers are transitioning to outsourcing, with at least one major transition expected to occur over 2026–2028.

Capacity planning and capital investment

  • Capacity is tight and expensive, requiring careful multi-year planning; new facilities are coming online in 2025 and 2027/2028, with about 40% of capacity typically pre-committed.

  • Current plans cover needs through 2028, with a three-year strategic plan guiding decisions; CapEx is expected to trend down after major projects and regulatory investments.

NSHAP impact on insourced sterilization decisions?
New capacity impact on pricing power?
Capital allocation after 2-3x leverage target?
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Q4 202527 Feb, 2026
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Frequently asked questions

Sotera Health Company provides mission-critical services to ensure the safety of healthcare products. The company operates through three business segments: sterilization services, analytical lab testing, and advisory services. Sotera Health serves a wide range of industries, including medical device, pharmaceutical, and food safety, offering solutions such as gamma, ethylene oxide, and electron beam sterilization. The company is headquartered in Broadview Heights, Ohio, and its shares are listed on the NASDAQ.

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