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Haemonetics Reports Double Digit Growth in Revenue, Operating Income, and EPS for the Third Quarter Fiscal 2009
Date:2/2/2009

change rates, unit growth in emerging markets, and a contract with Canadian Blood Services which made Haemonetics its preferred provider of platelet collection systems. Haemonetics converted the Canadian Blood Services' blood banks to Haemonetics' technology over the course of the first half of fiscal 2008, realizing the comparative benefit of the conversions in the first half of fiscal 2009.

Red cell disposables revenue was $13 million for the quarter, up 5%. Year-to-date red cell disposables revenue is $37 million, up 7%. Revenue growth in the quarter was driven by the U.S. business and by the MCS(R) mobile collection system.

Software and services revenue was $10 million for the quarter, down 10%. Year-to-date software and services revenue is $30 million, up 1%. Excluding services, software revenue growth was 12% in the quarter and 27% year-to-date. Software growth was driven by implementation of contracts negotiated in fiscal 2008, a new contract with the U.S. Department of Defense, and growth in the plasma industry.

Surgical/diagnostics disposables revenue was $23 million, up 21% for the quarter. Year-to-date surgical/diagnostics disposables revenue is $66 million, up 30%. Haemonetics acquired the TEG(R) Thrombelastograph(R) Hemostasis Analyzer business in November 2007, and the Surgical/Diagnostics revenue benefited from sales of the TEG system in the quarter and year-to-date. The TEG business contributed $5 million in the quarter and $15 million year-to-date.

OrthoPAT(R) orthopedic perioperative autotransfusion system disposables revenue was $9 million for the quarter, level with the third quarter of fiscal 2008. Year-to-date OrthoPAT disposables revenue is $26 million, up 5%.

Equipment revenue was $10 million for the quarter, up 21% and $27 million year-to-date, up 23%. Platelet collection equipment sales were particularly strong in the quarter.

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SOURCE Haemonetics Corporation
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