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QuidelOrtho says $30M-$40M of tariff impacts to be mitigated by cost actions

Sees cost savings of ~$50M in 1H25 from previously announced $100M annualized cost savings initiatives. Sees $30M-$50M of additional cost savings in 2025. Sees positive adjusted free cash flow with 25%-30% of adjusted EBITDA conversion. Sees FY25 CapEx of $160M-$170M. Comments taken from investor presentation slides.

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