Ansell hikes earnings guidance on FX trends, improved margins
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The news: Healthcare equipment manufacturer Ansell has upgraded its full-year earnings guidance after foreign exchange movements boosted margins in the first quarter.
The numbers: Ansell lifted its adjusted earnings per share guidance for fiscal 2026 from 133-145 US cents (202-220.3 cents) to 137-149 US cents.
The context: The company said end market demand conditions were "largely as expected" during the period, with foreign exchange trends proving more favourable than assumed due to the strength of key revenue currencies against the US dollar.
Ansell also said it is on track to execute a phased plan of price increases in response to higher tariffs on imports into the US.
What they said: "There remains speculation on the potential for further changes to US tariff policy, and while we have low visibility on what may come next, we will seek to respond to any further changes with the same goal of offsetting higher tariff costs fully," said Ansell CEO Neil Salmon.
The source: ASX
