Ansell Full Year 2023 Earnings: In Line With Expectations

Ansell (ASX:ANN) Full Year 2023 Results

Key Financial Results

• Revenue: US$1.66b (down 15% from FY 2022).
• Net income: US$148.3m (down 6.6% from FY 2022).
• Profit margin: 9.0% (up from 8.1% in FY 2022). The increase in margin was driven by lower expenses.
• EPS: US$1.18 (down from US$1.25 in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Ansell Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

Looking ahead, revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Medical Equipment industry in Australia.

Performance of the Australian Medical Equipment industry.

The company's shares are down 1.3% from a week ago.

Risk Analysis

Be aware that Ansell is showing 1 warning sign in our investment analysis that you should know about...

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