Tag: Mexico
F&P ‘working through complexities’ of new tariffs
February 3, 2025HME News Staff
AUCKLAND, New Zealand – Fisher & Paykel Healthcare says it does not currently anticipate a material impact from the recently announced tariffs on its net profit after tax for the 2025 financial year, but it expects its costs will likely increase for the 2026 financial year.
The company says it expects to reach its gross margin target of 65% eventually, through its long-standing continuous improvement activities across the entire business, coupled with efficient growth into existing...
F&P responds to potential Trump tariff on Mexico
January 27, 2017HME News Staff
WELLINGTON, New Zealand - Fisher & Paykel Healthcare will consider switching manufacturing of U.S. products from Mexico to New Zealand if President Donald Trump's administration taxes Mexican imports, Yahoo Finance reports. “We've got two plants, one in New Zealand and one in Mexico,” CEO Lewis Gradon told Yahoo. “We have the capacity to supply the United States from New Zealand if that makes more economic sense.” Shifting manufacturing to New Zealand would raise production...
F&P raises earnings guidance
February 18, 2014HME News Staff
IRVINE, Calif. - Fisher & Paykel Healthcare announced Feb. 18 that it expects net profit after tax to be NZ$97 million for the financial year ending March 31, 2014, NZ$7 million more than it expected.F&P had previously projected a net profit of NZ$90 million to $95 million.“Demand during the second half has been very encouraging, particularly for our Simplus, Eson and Pilairo Q masks, which are used for the treatment of OSA,” stated CEO Michael Daniell in a release.F&P also announced...