The Ansell Ltd (ASX: ANN) share price is in focus today after the company reported full year FY26 results, delivering adjusted earnings per share of US148.6¢ and record sales of US$2.14 billion—both strong improvements on last year.
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What did Ansell report?
- Sales: US$2,140.2 million, up 6.8%; organic constant currency growth of 5.0%
- Adjusted EBIT: US$321.9 million, up 14.1%
- Adjusted NPAT: US$212.3 million, up 15.8%
- Adjusted EPS: US148.6¢, up 17.8%
- Operating cash flow: US$270.1 million, up 156.3%
- Full year dividend: US68.1¢ per share, up 35.7%; final dividend US41.5¢
What else do investors need to know?
Ansell continued its $200 million on-market share buyback, completing $118.4 million in FY26 and planning to continue the buyback in FY27. The company reported strong cash generation, boosting liquidity with $752 million of cash and undrawn facilities and reducing net debt to 1.3 times adjusted EBITDA.
Industrial and Healthcare divisions both saw higher sales and earnings. The Industrial segment benefited from mechanical glove innovation and recovery in major markets, while Healthcare sales were supported by cleanroom and surgical product demand.
Ansell navigated challenging tariff and supply issues, offsetting US tariffs and Middle East supply disruptions through sourcing moves and price rises. The Accelerated Productivity Investment Program (APIP) also hit its recurring $50 million annual savings target.
What did Ansell management say?
Ansell's CEO, Nathalie Ahlström, commented:
FY26 was a successful year for our company, with strong sales and earnings growth achieved against a backdrop of significant market challenges. Our ability to deliver on our performance commitments while navigating these challenges – including taking the necessary actions to offset the effects of higher tariffs in the US and the Middle East crisis – speaks to the strength of our customer relationships, the significant customer value of our safety solutions, and the resilience of our supply chain.
My initial months as CEO have shown me that Ansell is a company with strong foundations, and our FY26 financial results are a testament to this. My focus as we move forward will be to accelerate profitable growth and improve our customer centricity, through a program of commercial excellence to drive enhanced customer value, prioritising growth in strategic markets with the most profitable growth potential, and a series of operational excellence initiatives that will simplify our product and brand portfolios, our supply chain and our ways of working.
I am proud of the results we have achieved in FY26 and excited about the opportunity in front of us. My thanks go to the over 15,000 Ansell employees who helped deliver our strong performance in FY26 and warmly welcomed me into our company. I look forward to what we can achieve together in FY27 and beyond.
What's next for Ansell?
Looking ahead to FY27, Ansell is targeting adjusted EPS of US158¢ to US170¢, backed by expected constant currency sales growth from stronger volumes and recent pricing actions. The company aims to drive profitable expansion in key markets, with ongoing investment in commercial and operational excellence.
Key priorities include further productivity gains through IT upgrades, continuing the buyback program, and supporting higher dividends in line with ongoing strong cash generation. Management remains agile to adjust for tariff and geopolitical risks as conditions evolve.
Ansell share price snapshot
The Ansel share price has slightly underperformed the S&P/ASX 200 index (ASX: XJO) over the past 12 months with a modest 1% gain.
