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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
Date:1/30/2013

venue from the acquired whole blood business.
  • $16 million of share repurchases; $21 million year-to-date.
  • Completion of two-for-one stock split.
  • A revenue breakdown follows:

    Plasma

    Plasma disposables revenue was $68.1 million for the quarter, down 1%, and $200.7 million year-to-date, up 2%.  Fiscal 2012 third quarter plasma revenue was very strong representing a challenging comparable year over year.  On the strength of a high-single digit percentage growth forecast for the fourth quarter, the Company expects its plasma business growth to be at the lower end of the previously estimated range of 4-6% in fiscal 2013.

    Blood Center

    Platelet disposables revenue was $45.1 million for the quarter, up 2%, and $125.6 million year-to-date, up 1%, with continued benefit from strong sales in emerging markets.  Red cell disposables revenue was $11.8 million for the quarter, down 3%, and $35.8 million year-to-date, flat with the prior year period.  Red cell disposables revenue was flat with the prior year on a year-to-date basis in a soft market as the Company leveraged its IMPACT® selling approach to advance Blood Management Solutions.  The Company expects its blood center revenue to be flat organically in fiscal 2013. 

    Whole blood revenue was $54.9 million for the quarter and $83.5 million year-to-date, in line with expectations, and the Company is affirming its previous guidance for whole blood revenue of $135-$145 million for fiscal 2013.Hospital

    Surgical disposables revenue was $18.9 million for the quarter, up 9%, and $56.0 million year-to-date, up 14%.  Notably, this was the sixth consecutive quarterly increase as the Cell Saver Elite device continues to capture market share.  Recent strong equipment sales, including a 77% year-to-date increase in China, drove near term disposables growth. 

    Disposables revenue from the OrthoPAT&
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    SOURCE Haemonetics Corporation
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