FPH - Fisher Paykel Healthcare.

[Sideshow Bob]

$107m net in the jar for the 1st half, but predicting $250-260m for the full year.....

[alokdhir]

$107m net in the jar for the 1st half, but predicting $250-260m for the full year.....

They make more money during Northern hemisphere winters ...flu and all

But results are good ...SP will do well ...W69 pun may come true but maybe not like MFT levels !!!

[Toddy]

Always a great company. Only question is, what is a fair price for the shares.

The current price is probably about right.

[winner69]

They make more money during Northern hemisphere winters ...flu and all

But results are good ...SP will do well ...W69 pun may come true but maybe not like MFT levels !!!

All going to plan…..$27 next week

[winner69]

What's going on alokdhir ..... share price going down again after that boomer result

[alokdhir]

What's going on alokdhir ..... share price going down again after that boomer result

Me have no idea mate ...as I stopped tracking its progress since WE both got out fully recently ...me is now MFT fan ...as thats more easy to understand ...lol

[Marilyn Munroe]

FPH rival has product quality and regulatory problems in the US.

https://www.philips.com/a-w/about/ne...ults-2023.html

Boop boop de do
Marilyn

[winner69]

Think we’ll be seeing $27/$28 share price soon?

Maybe in lead up to results in May …or they might come out with a surprise update soon.

[Sideshow Bob]

https://www.nzx.com/announcements/428415

Fisher & Paykel Healthcare updates FY24 revenue and earnings guidance

Auckland, New Zealand, 22 March 2024 – Fisher & Paykel Healthcare Corporation Limited announced today that it has updated its revenue and earnings guidance for the financial year ending 31 March 2024.

The full year guidance previously provided on 29 November 2023, based on a NZ:US exchange rate of 58 cents, was for operating revenue to be approximately $1.7 billion and net profit after tax to be in the range of approximately $250 million to $260 million.

Now, assuming a NZ:US exchange rate of approximately 61 cents for the balance of the financial year, the company expects full year operating revenue to be approximately $1.73 billion and underlying profit after tax (excluding any fair value changes) to be in the range of approximately $260 million to $265 million.

“In the Hospital product group, there has been a continuation of solid demand for our hospital consumables across the product portfolio throughout the second half, which is towards the upper end of our expectations from November,” said Lewis Gradon, Managing Director and CEO.

“In OSA masks, we have continued to see strong performance from our Evora Full mask. We have received positive feedback on our revolutionary F&P Solo mask after the recent release in early markets, and we look forward to its introduction in more countries in the coming months.”

Revaluation of company-owned land impact on FY24 net profit

The company will shortly be commencing a scheduled valuation of the properties that it owns in East Tāmaki and Karaka, Auckland and in Tijuana, Mexico as at 31 March 2024.

“In preliminary discussions we have been advised that the higher interest rate environment and current zoning status of our land in Karaka will likely have an adverse impact on the Karaka property valuation. Any reduction in the value of the Karaka land would be recognised as a non-cash accounting adjustment in the income statement and will impact our reported net profit after tax for the year. The quantum of any potential reduction in value is currently unknown, and our FY24 earnings guidance excludes this non-cash effect.

“Asset valuations will be undertaken by independent valuers, are subject to final audit and will be confirmed in the financial results for the year ending 31 March 2024, expected to be announced on 29 May 2024.

“Development of the new campus will occur over the next 30 to 40 years. We expect to submit our application for re-zoning of the Karaka land next financial year and the approvals to be granted over the coming years. We have received an enthusiastic response from the local community, and all national and local authorities recognise the significant economic, social and environmental benefits that the development of our second campus will provide,” concluded Mr Gradon.

[winner69]

It seems just as well NZD stayed up ..other wise a downgrade?

Think I have that right ..is early and no coffee yet.