Steven Wheen's questions to Resmed Inc (RMD) leadership • Q3 2025
Question
Steven Wheen of Jarden asked about the remaining runway for gross margin improvement above 60%, focusing on non-FX drivers like freight, manufacturing, and procurement.
Answer
CFO Brett Sandercock explained that the company is focused on building a sustainable, long-term pipeline of margin improvement initiatives. While significant progress has been made on freight optimization, further opportunities exist. He also cited manufacturing efficiencies from scale, platform maturity (AS10/AS11), and future design/procurement efforts as key drivers to continue expanding gross margin into the 60s.