Navigation Links
Haemonetics Reports 1st Quarter Fiscal 2014 Revenue Up 24%; Adjusted EPS of $0.46 Up 46%; Adjusted Operating Margin Improvement of 270 Basis Points; and Significant Progress on Planned Manufacturing Transformation
Date:7/29/2013

BRAINTREE, Mass., July 29, 2013 /PRNewswire/ -- Haemonetics Corporation (NYSE: HAE) today reported first quarter fiscal 2014 net revenue of $219.5 million, up 24%, a GAAP net loss of $7.9 million and a loss per share of $0.15.  Adjusted net income, exclusive of transformation, integration and deal amortization expenses detailed below, was $23.8 million, up 46%, and adjusted earnings per share were $0.46, up 46%.  Excluding currency impact, net revenue was up 29% in the quarter.1  On an organic basis revenue declined 5% in the quarter and 2% on a constant currency basis.

(Logo: http://photos.prnewswire.com/prnh/20120206/NE47232LOGO )

Brian Concannon, Haemonetics' President and CEO, commented:  "This quarter we made excellent progress advancing the manufacturing transformation elements of our Value Creation & Capture ("VCC") initiatives.  We are encouraged that, at the same time, we were able to drive a 270 basis point improvement in adjusted operating margin, enabling us to deliver profit in line with our expectations and affirm our full year adjusted earnings per share guidance range.  This was achieved through productivity and cost management efforts that will later be amplified by the full benefits of the VCC initiatives." 

STRATEGIC AND PRODUCT GROWTH HIGHLIGHTSHaemonetics cited the following highlights in its first fiscal 2014 quarter:

  • 24% total revenue growth.
  • 11% growth in North American plasma disposables revenue.
  • 17% growth in diagnostics disposables revenue.
  • 12% organic revenue growth in China.
  • $51 million of revenue from the acquired whole blood business.
  • Added 15 new IMPACT® accounts in North America.
  • 270 basis point improvement in adjusted opera
    '/>"/>

  • SOURCE Haemonetics Corporation
    Copyright©2012 PR Newswire.
    All rights reserved

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

    Related medicine technology :

    1. Haemonetics Signs Definitive Agreement To Acquire Hemerus Medical, LLC
    2. Haemonetics Signs Definitive Agreement to Acquire Pall Corporations Blood Collection, Filtration and Processing Product Lines For $551 Million
    3. Haemonetics Completes Acquisition of Palls Transfusion Medicine Business
    4. Haemonetics Provides Update on Hemerus Medical, LLC Acquisition
    5. Haemonetics Reports 3rd Quarter Fiscal 2013 Revenue Up 29% and $0.50 Adjusted EPS; Year-To-Date Organic Revenue Up 3%; Reaffirms Fiscal 2013 Adjusted EPS Guidance of $1.65-$1.70
    6. Haemonetics Sets Date for Investor/Analyst Meeting
    7. Haemonetics Reports 4th Quarter Fiscal 2013 Revenue Up 34% and Adjusted EPS of $0.48; Fourth Quarter and Full Year Organic Revenue Up 4% and Full Year Adjusted EPS of $1.71; Completes Hemerus Medical, LLC Acquisition and Provides Fiscal 2014 Guidanc
    8. Haemonetics Completes Hemerus Medical, LLC Acquisition
    9. Haemonetics to Present at The Deutsche Bank 38th Annual dbAccess Health Care Conference
    10. Haemonetics Announces Next Steps in Manufacturing Transformation
    11. The Zacks Analyst Blog Highlights: Walgreens, Express Scripts Holding, Haemonetics, ResMed and Eli Lilly
    Post Your Comments:
    *Name:
    *Comment:
    *Email:
    (Date:7/31/2014)... Mass. , July 31, 2014 /PRNewswire/ ... funding changes brought about by the Affordable ... reimbursement and prescribing of pharmaceutical therapies. The ... cover beneficiaries through new regulations and expanded ... occurring in the health exchanges—state-based marketplaces set ...
    (Date:7/31/2014)... , July 31, 2014 Lazarus Effect, a ... interventional devices to facilitate removal of blood clots, announced ... the financing will support EU commercialization of several approved ... the Lazarus ReCover™ and Lazarus Cover™ in ... reflects investor confidence in the value of our novel, ...
    (Date:7/31/2014)... COLORADO SPRINGS, Colo. , July 31, 2014 ... Company specializing in cannabis formulation-based drug development and ... has commenced production of multiple strains of cannabis ... scientific research to select the best strains for ... to bring the cannabis formulations to market for ...
    Breaking Medicine Technology:Health Exchanges Drive Change In MCO Strategies And Physician Prescribing Decisions; Impact On Pharma Mixed 2Health Exchanges Drive Change In MCO Strategies And Physician Prescribing Decisions; Impact On Pharma Mixed 3Health Exchanges Drive Change In MCO Strategies And Physician Prescribing Decisions; Impact On Pharma Mixed 4Lazarus Effect Closes $5 Million Financing 2Cannabis Science Initiates Scientific Cultivation Programs to Test Multiple Strains of Cannabis to Obtain Extract Formulations for Clinical Drug Development Targeting Multiple Critical Ailments Starting with Cancer and Neurological Disorders 2
    ... Nov. 19 A recent Reuters article reported ... expect an industry increase as a result of broader insurance ... million additional Americans may begin receiving health care insurance coverage ... on the access" extended to the new enrollees according to ...
    ... , NEW YORK, Nov. 19 Delcath Systems, Inc. ... Delcath Percutaneous Hepatic Perfusion (PHP(TM)) System, a minimally invasive drug ... the liver, today reported on the Company,s recent progress. , ... our team has achieved many significant milestones as we move ...
    Cached Medicine Technology:Delcath Systems Reports Substantial Progress 2Delcath Systems Reports Substantial Progress 3Delcath Systems Reports Substantial Progress 4
    (Date:8/1/2014)... August 01, 2014 Surftech athletes Jack ... Oahu paddleboard World Championships this past weekend in Hawaii ... 3rd place finisher Zeb Walsh were all on stock ... of the race and athletes this year were treated ... making the course extremely challenging as well as very ...
    (Date:8/1/2014)... 2014 iFitDress.com, a professional company of ... collection of 2014 silver bridesmaid dresses recently. ... to the latest fashion trends. What’s more, they are ... percent off. , iFitDress.com is one of the ... not only silver bridesmaid gowns, but also many other ...
    (Date:7/31/2014)... over the age of 65 face numerous barriers to ... against poverty and higher rates of asthma with worse ... of Annals of Allergy, Asthma and Immunology , ... Asthma and Immunology (ACAAI), outlines the challenges faced by ... to improve their care. , "Allergists want ...
    (Date:7/31/2014)... GA (PRWEB) July 31, 2014 Developer ... camera on its Ponce City Market project in ... historic Sears, Roebuck & Company building into best-in-class office, ... completion, OxBlue reviewed Jamestown’s experience with their construction webcam ... , Jamestown wanted a construction camera ...
    (Date:7/31/2014)... In today’s world, a good night’s sleep ... and sleep apnea (a medical problem where the airway collapses ... partners of the rest they need to face their daily ... and 20 million people in the United States alone have ... treated; and of those treated, many cannot tolerate their prescribed ...
    Breaking Medicine News(10 mins):Health News:Surftech Bark Commander Sweeps Molokai2Oahu Stock Paddleboard Division 2Health News:iFitDress.com: Beautiful Silver Bridesmaid Dresses at Promotional Prices 2Health News:Female baby boomers with asthma? You may need help 2Health News:Female baby boomers with asthma? You may need help 3Health News:OxBlue Construction Webcam Proves Valuable Tool for Developer, Consumers on Historic Ponce City Market Project 2Health News:OxBlue Construction Webcam Proves Valuable Tool for Developer, Consumers on Historic Ponce City Market Project 3Health News:Snoring: Bad for Relationships, Bad for Health 2Health News:Snoring: Bad for Relationships, Bad for Health 3
    ... ... radiography system aboard the Coast Guard Cutter HEALY (WAGB - 20) prior to its voyage ... ... of an iCR3600 computed radiography system aboard the Coast Guard Cutter HEALY (WAGB - 20) ...
    ... may ease pain, improve movement, study shows , SATURDAY, ... strengthen the wrist may ease the pain of tennis ... rubber bar to perform isolated eccentric wrist extensor strengthening ... and strength for one group of patients vs. another ...
    ... 11, 2009 The Natural Orifice Surgery Consortium ... of the American Society for Gastrointestinal Endoscopy (ASGE) ... Surgeons (SAGES), today announced Olympus, continuing commitment to ... therapy known as Natural Orifice Translumenal Endoscopic Surgery, ...
    ... With the two year ... provider, has seen a 70 percent increase in women booking themselves in for botox and fillers ... ... the smoking ban upon us (1st July 2009), SurgiCare, a leading UK cosmetic surgery ...
    ... , , TACOMA, Wash., July 10 Bridge ... that focuses on bringing life-saving dialysis to developing countries, announced ... Dialysis Center in the Philippines. Located in San Carlos, ... area, serving roughly 250,000 residents in the surrounding communities who ...
    ... July 10 Fitness Management Group, Inc. (the "Company"), ... announced that the Company has filed a voluntary petition ... the Bankruptcy Court for the Western District of North ... restructuring, Fuzion Investment Capital LLC, a Nevada Limited Liability ...
    Cached Medicine News:Health News:iCRco Wins Government CR Contract with United States Coast Guard 2Health News:iCRco Wins Government CR Contract with United States Coast Guard 3Health News:NOSCAR increases NOTES research with Olympus Medical Systems Corporation grant 2Health News:UK Smoking Ban Fuels Rise In Surgery 2Health News:U.S. Non-Profit Announces Opening of Life-Saving Dialysis Facility in Philippines 2Health News:U.S. Non-Profit Announces Opening of Life-Saving Dialysis Facility in Philippines 3Health News:Fitness Management Group, Inc. Approves Sale of the Company 2
    ... is an internationally known brand famous ... The ophthalmic collection offers chic and ... creativity in titanium, metal and plastic ... unique styling with trendy shapes and ...
    ... The license agreement between Brook ... to 1993. Characterized by lightweight materials ... Brothers collections reflect the unique features ... brand. A product with classic style ...
    ... style. Creativity and cutting-edge design. Dolce & ... a new licensing agreement in October 2005.The ... 1985 by the famous designer duo, Domenico ... with their Mediterranean roots to create the ...
    Michael Kors eyewear delivers chic American style, updated for today's discerning high-end consumer.,Made from the finest materials, the eyewear collection artfully mixes textures and fabrications, c...
    Medicine Products: