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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
Date:5/1/2013

hare excluding both the costs of our business transformation, as well as any related tax effects. We establish our budgets, forecasts, and performance targets on this basis. Reconciliation of Non-GAAP Measures for the Fourth Quarter of FY13 and FY12Three Months Ended3/30/20133/31/2012Non-GAAP gross profitGAAP gross profit$123,140$94,612Whole blood acquisition cost of good sold adjustment532—Whole blood Y connector inventory reserves984—Restructuring and transformation costs(428)167Non-GAAP gross profit$124,228$94,779Non-GAAP R&DGAAP R&D$17,818$8,611Restructuring and transformation costs(5,218)(962)Non-GAAP R&D$12,600$7,649Non-GAAP S,G&AGAAP S,G&A$87,614$65,041Restructuring and transformation costs(10,963)(4,998)Non-GAAP S,G&A$76,651$60,043Non-GAAP operating expensesGAAP operating expenses$105,432$73,652Restructuring and transformation costs(16,181)(5,960)Non-GAAP operating expenses$89,251$67,692Non-GAAP operating incomeGAAP operating income$17,708$20,960Restructuring and transformation costs17,2696,127Non-GAAP operating income$34,977$27,087Non-GAAP income before taxesGAAP income before taxes$14,686$21,329Restructuring and transformation costs17,2696,127Non-GAAP income before taxes$31,955$27,456Non-GAAP net incomeGAAP net income$12,561$17,805Restructuring and transformation costs17,2696,127Tax benefit associated with non-GAAP items(4,766)(3,282)Non-GAAP net income$25,064$20,650Non-GAAP net income per common share assuming dilutionGAAP net income per common share assuming dilution$0.24$0.35Non-GAAP items after tax per common share assuming dilution$

0.24$

0.05Non-GAAP net income per common share assuming dilution$0.48$0.40 

 

Presented below are additional Constant Currency performance measures.  We measure different components of our business
at constant currency.  We believe this information is useful for investors because it allows for an evaluation of the Company '/>"/>

SOURCE Haemonetics Corporation
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1. Haemonetics Sets Date for Investor/Analyst Meeting
2. 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
3. Haemonetics Provides Update on Hemerus Medical, LLC Acquisition
4. Haemonetics Completes Acquisition of Palls Transfusion Medicine Business
5. Haemonetics Signs Definitive Agreement to Acquire Pall Corporations Blood Collection, Filtration and Processing Product Lines For $551 Million
6. Haemonetics Signs Definitive Agreement To Acquire Hemerus Medical, LLC
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9. Cynosure Reports First-Quarter 2013 Financial Results
10. Luminex Corporation Reports First Quarter 2013 Results
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