With co-founders David Allemann and Caspar Coppetti taking over as co-CEOs from Martin Hoffmann on May 1, ONON’s net income jumped 82% in Q1 to CHF 103.3 million ($132.2 mm) from CHF 56.7 million on sales that were up 14% (+26% CC) to CHF 831.9 million ($1,064.8 mm) from CHF 726.6 million. The bottom line got a lift from 430 b.p. of gross margin expansion to 64.2% as ASP gains and structural improvements more than offset any noise from U.S. tariffs. Operational efficiencies held SG&A close to the reported top-line rate, ... Log in to view full article.