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Haemonetics(R) Reports Strong Results for Third Quarter Fiscal 2008 with Continued Double Digit Growth in Sales
Date:1/31/2008

rough Haemonetics' Surround software.

OrthoPAT disposables revenue was $9 million for the quarter, up 21.3%. Year-to-date OrthoPAT disposables revenue is $25 million, up 13.5%. The Company has placed more than 130 OrthoPAT devices in the field this fiscal year. Equipment placements are expected to continue to drive disposables growth into fiscal 2009.

Equipment revenue was $8 million for the quarter, up 63.4%, and $22 million year-to-date, up 46.6%. Equipment sales growth was driven by sales of plasma devices in the growing European and Asian markets and by sales of platelet equipment in Europe.

FY08 GUIDANCE

Haemonetics raised its FY08 revenue growth guidance from 10-12% growth to 11-13% growth, narrowed its expected gross profit to a range of $250-$253 million, and affirmed adjusted operating income growth of approximately 10%. The Company also affirmed the range for its adjusted earnings per share of $2.07-$2.12.

Adjusted FY08 guidance excludes approximately $4-5 million, or approximately $0.11 per share, of costs to restructure Haemonetics' European business.

FY08 GAAP earnings per share guidance is $1.96-$2.01.

For the full year, the Company expects to generate $20-$25 million of free cash flow.

Haemonetics has posted potential income scenarios reflecting guidance ranges on its website at http://www.haemonetics.com.

CONFERENCE CALL

Haemonetics will hold a conference call on Thursday, January 31st at 10:00 am Eastern to discuss these results. Interested parties can participate in the conference call by dialing 888-802-8577 (U.S. only) or (973) 935-8754 (International) with conference ID 30405896. The call will be replayed through February 15, 2008 at (800) 642-1687 (U.S. only) or (706) 645-9291 (International) using PIN 30405896.

Haemonetics (NYSE:

SOURCE Haemonetics Corporation
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