Ansell ( (AU:ANN) ) has provided an announcement.
Ansell Limited has announced that new tariffs on imports into the US will affect approximately 43% of its revenue, as the majority of its products sold in the US are sourced from Asian countries now subject to these tariffs. To mitigate the impact, Ansell plans to adjust pricing and has communicated with customers regarding these changes. The company remains flexible in its manufacturing capabilities with 14 owned plants across nine countries, allowing it to adapt to shifts in manufacturing attractiveness. Despite the tariffs, Ansell maintains its guidance range for FY25 Adjusted EPS, indicating confidence in its strategic approach.
More about Ansell
Ansell (ASX:ANN) is a global leader in safety solutions and an integrated manufacturer of personal protection equipment for healthcare and industrial workplaces. The company is known for its trusted brands such as HyFlex, Ringers, MICROFLEX, TouchNTuff, GAMMEX, AlphaTec, and Kimtech, and is committed to innovation in product and service to enhance workplace safety while promoting sustainable practices.
YTD Price Performance: 6.55%
Technical Sentiment Signal: Strong Sell
Current Market Cap: $3.14B
For an in-depth examination of ANN stock, go to TipRanks’ Stock Analysis page.