Navigation Links
Haemonetics Reports Strong Results for Fourth Quarter and Fiscal Year End 2008 and Issues Guidance for Continued Strong Growth in Fiscal 2009
Date:5/1/2008

gy platforms across the blood bank and hospital markets."

FINANCIALS

In addition to revenues and earnings per share, Haemonetics reported fourth quarter gross profit of $70 million, up 20%, and gross margin of 50.6%, up 70 basis points. For the year, gross profit was $258 million, up 13%, and gross margin was 49.9%, down 70 basis points. Gross margin was impacted by product mix as lower gross margin contributors, plasma and equipment, had very strong sales growth.

Adjusted operating expenses were $47 million in the quarter, up 26%, and $181 million for the year, up 15%. Nearly half of the year's increase came from three areas: 1) planned enterprise resource planning ("ERP") spending; 2) the acquisitions of IDM, Infonale, and Haemoscope, whose expenses were not included in most of fiscal 2007 financial results; and 3) continued investment in Arryx R&D.

Haemonetics' tax rate was 35.5% in the quarter and 32.8% for the year. In the year, Haemonetics benefited from resolution of certain tax contingencies.

Haemonetics ended the year with a cash balance of $134 million, and $12 million of debt. During the year, the Company generated $76 million of cash flow from operations and invested $57 million in capital expenditures to invest in ERP, the plasma business, and software development. In the year, the Company invested $75 million in a share repurchase and $46 million on acquisitions.

EXPANDING THE BUSINESS

Haemonetics continues to make progress expanding the business. The Company reported the following highlights during the fiscal year just ended:

-- Preferred provider contracts with Haema AG and Octapharma Europe in its

plasma business which can capitalize on ongoing collection market

growth

-- Expansion of an agreement with the U.S. Department of Defense for

information technology services that manage the Department of Defense's

blood standard system

-- Launch o
'/>"/>

SOURCE Haemonetics Corporation
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16

Related medicine news :

1. Haemonetics Webcast Presentation
2. Keiko Hattori Joins Haemonetics as President of Haemonetics Japan
3. Haemonetics Appoints Executive Leadership of European Operations
4. Haemonetics Sets Date for Q3FY08 Earnings Release and Conference Call - January 31, 2008
5. Haemonetics(R) Reports Strong Results for Third Quarter Fiscal 2008 with Continued Double Digit Growth in Sales
6. Haemonetics(R) Software Solutions to Launch Application for Workflow Optimization in Blood Collection Centers
7. Haemonetics Sets Date for Fourth Quarter and Fiscal Year End 2008 Earnings Release and Conference Call - May 1, 2008
8. New Study Reports High Injury Rates for Hotel Workers, Even Higher Rates for Women and Nonwhites
9. Haemacure Reports Third Quarter 2007 Results
10. First-Ever List of the 5,000 Fastest-Growing Businesses Reports Total Revenue of $194.5 Billion
11. Consumer Reports Analysis: Drugs for Nerve Pain, Fibromyalgia Effective, But Not Always Best
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:7/13/2014)... FORT LEE, N.J. – Authors Leonard I. Linkow ... science of tooth implants in their book Renaissance ... recent advances and techniques in the world of dentistry and ... have lost all of their natural teeth. , Dr. Gustav ... implant in 1940. It was a mesh frame fabricated ...
(Date:7/13/2014)... Recently, TopDresses100.com, a popular dress company in the global ... Quinceanera dresses to its product line. According to ... are guaranteed to be quality made. Now, they are ... TopDresses100.com has a wide variety of elegant dresses for ... in stock and ready to ship. As an innovation-based ...
(Date:7/13/2014)... Denver, CO (PRWEB) July 13, 2014 ... in conjunction with the 2014 Guinness International Champions Cup. ... on American soil each year because of the talent of ... Manchester United and AS Roma will compete in the 2014 ... off on July 24 with a game between Olympiacos and ...
(Date:7/13/2014)... MillionaireCasket.com is a professional supplier of funeral products. ... are selling well in the global market. Recently, the company ... and launched a special offer for all the newly released ... company’s cherry caskets are made with superb materials. As is ... to show respect to the departed saint. MillionaireCasket.com is always ...
(Date:7/13/2014)... TX (PRWEB) July 13, 2014 Ticket ... vs. Real Madrid Tickets . For the fifth straight ... Champions Cup will be held at American stadiums this summer. ... competing on American soil. The eight teams are split into ... group stage, the top two teams will compete to become ...
Breaking Medicine News(10 mins):Health News:Authors Leonard I. Linkow and Sheldon Winkler Feature Advancements in Implant Dentistry 2Health News:Authors Leonard I. Linkow and Sheldon Winkler Feature Advancements in Implant Dentistry 3Health News:Authors Leonard I. Linkow and Sheldon Winkler Feature Advancements in Implant Dentistry 4Health News:Cheap Multi-colored Quinceanera Dresses From TopDresses100.com 2Health News:Manchester United vs. AS Roma Tickets in Denver, CO at Sports Authority Field at Mile High: Ticket Down Slashes Ticket Prices on International Champions Cup in Denver 2Health News:Manchester United vs. AS Roma Tickets in Denver, CO at Sports Authority Field at Mile High: Ticket Down Slashes Ticket Prices on International Champions Cup in Denver 3Health News:Brand New Cherry Caskets Unveiled By China Casket Supplier MillionaireCasket.com 2Health News:AS Roma vs Real Madrid Tickets in Dallas at Cotton Bowl: Ticket Down Slashes Ticket Prices for Real Madrid vs AS Roma Guinness International Champions Cup Match 2Health News:AS Roma vs Real Madrid Tickets in Dallas at Cotton Bowl: Ticket Down Slashes Ticket Prices for Real Madrid vs AS Roma Guinness International Champions Cup Match 3
... St. David,s is Second Hospital Nationwide to Acquire Groundbreaking ... Medical Center today,announced its acquisition of a new robotic ... rhythm disorders that can result in a,stroke. Called the ... technology is only the second to be installed in,the ...
... Tips for Maintaining a Healthy Liver, NEW YORK, ... liver, the American Liver Foundation (ALF) today observed Liver,Awareness ... which affects,30 million Americans. Liver disease, a serious ... 7th leading cause of death among adults between the ...
... HealthSouth,Corporation (NYSE: HLS ) today announced the ... directors, effective Oct. 2, 2007. Mr. Chidsey currently,serves ... Burger King Holdings,Inc. "John brings a strong ... financial operations, capital markets, and corporate,management in a ...
... Budapest, 4 October 2007 -- Last month a collaboration ... against the deadly bird flu virus, harnessing the combined ... to boost the pace of anti-viral drug discovery. , ... ordinary PCs to form a super-sized supercomputer that is ...
... Researchers in the United States and Sweden have identified ... arthritis (RA), a chronic and debilitating inflammatory disease of ... The U.S. arm of the study involved a long-time ... Arthritis and Musculoskeletal and Skin Diseases (NIAMS) and other ...
... Business Services,announced today that they have launched ... and benefits verification. Emdeon is offering these,transactions ... Emdeon suite of,products for dental practices including ... portal. Emdeon Business Services now offers,dental practices ...
Cached Medicine News:Health News:St. David's Medical Center Implements New Robotic Technology to Treat Common Heart Rhythm Disorders 2Health News:St. David's Medical Center Implements New Robotic Technology to Treat Common Heart Rhythm Disorders 3Health News:October is Liver Awareness Month: The American Liver Foundation Urges All Americans to Pay Attention to Their Liver Every Day of the Year 2Health News:October is Liver Awareness Month: The American Liver Foundation Urges All Americans to Pay Attention to Their Liver Every Day of the Year 3Health News:HealthSouth Corporation Appoints New Member to Board of Directors 2Health News:HealthSouth Corporation Appoints New Member to Board of Directors 3Health News:Grid computing offers new hope in race against bird flu 2Health News:Researchers identify genes that increase rheumatoid arthritis risk 2Health News:Researchers identify genes that increase rheumatoid arthritis risk 3Health News:Emdeon Business Services Extends Market Leadership With New Dental Eligibility Payers 2
(Date:7/11/2014)... LONDON , July 11, 2014 /PRNewswire/ ... of visitors to Safety & Health Expo ... by the move to London ... senior management attending exhibition.     ... (Photo: http://photos.prnewswire.com/prnh/20140711/696892-a ) ...
(Date:7/10/2014)... NEWPORT NEWS, Virginia , 11. ... führender Hersteller von Kameras für die ... Brust (MBI/BSGI), hat heute die CE-Zulassung ... Mit dem CE-Zeichen kann Dilon das ... seinen Vertriebsbereich auf den Großteil der ...
(Date:7/10/2014)... Calif. , July 10, 2014 Integrated ... leader in advanced memory and analog IC solutions, today ... on Thursday, July 24, 2014, at 7:00 a.m. Pacific ... financial results for the fiscal 2014 third quarter ended ... call via telephone, dial 1-888-556-4997 before 6:50 a.m. Pacific ...
Breaking Medicine Technology:UK's Flagship Health & Safety Event Has Successful Inaugural Year in London 2UK's Flagship Health & Safety Event Has Successful Inaugural Year in London 3UK's Flagship Health & Safety Event Has Successful Inaugural Year in London 4Dilon erhält CE-Zulassung für sein Navigator-Gamma-Sondensystem 2
The Natural-Hip combines the surgical simplicity of a straight stem with many of the best features of an anatomic stem....
The Natural-Hip combines the surgical simplicity of a straight stem with many of the best features of an anatomic stem....
The Natural-Hip combines the surgical simplicity of a straight stem with many of the best features of an anatomic stem....
The Natural-Hip combines the surgical simplicity of a straight stem with many of the best features of an anatomic stem....
Medicine Products: