Steris Plc (NYSE:STE)'s President, Chief Executive Officer and Director, Walter M. Rosebrough recently stated, "We do continue to expect to do mergers and acquisitions, and our free cash flow allows us to do that. We have about $1 billion of dry powder right now. I think -- if you think about 3.0 type of debt-to-capital ratio. And so we have plenty of powder, and we are generating roughly $300 million a year, some of which, we invest back in the business, of course in dividends, but other, that we will have to do M&A, and we fully expect to do that."