Earnings call transcript: Ansell posts strong H2 2026 growth, stock flat

Ansell Limited released its financial results for fiscal year 2026, highlighting strong performance in the second half of the year. The company reported adjusted net sales growth of 5.7% for the year, with a more pronounced 9.2% increase in the second half. Adjusted earnings per share rose to AUD 1.4860, marking an 18.5% organic growth compared to the previous year.

Shares remained flat at $34.9, near the top of its 52-week range. Net debt to EBITDA improved to 1.3x, down from 1.6x a year earlier, and cash conversion rose to 113%. Management attributed the company's success to strong brand performance, supply-chain changes, and pricing actions. Despite operating challenges such as U.S. tariffs, commodity swings, and the Middle East crisis, Ansell delivered a strong financial year led by the U.S. market, which contributed 43% of sales and grew 10% for the year.

The company's top five brands, accounting for 58% of net sales, grew faster than the overall company and had gross margins 220 basis points above the company average. Ansell guided for adjusted EPS of AUD 1.58 to AUD 1.70 for the next fiscal year, reflecting an expected growth from the current year's AUD 1.4860.