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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

the following highlights in the quarter:

  • 34% total and 4% organic revenue growth.
  • 10% growth in plasma disposables revenue.
  • 17% growth in diagnostics disposables revenue.
  • 36% organic revenue growth in China.
  • $55 million of revenue from the acquired whole blood business.
  • Completion of $50 million fiscal 2013 share repurchase program.
  • In addition, in April, the Company completed the acquisition of Hemerus Medical, LLC and its Board of Directors approved a set of Value Creation and Capture ("VCC") initiatives, including a manufacturing transformation plan.

    A revenue breakdown follows:

    Plasma

    Plasma disposables revenue was $68.2 million for the quarter, up 10% with particular strength in North America collections, and $268.9 million for fiscal 2013, up 4%.Blood Center

    Platelet disposables revenue was $44.0 million, flat with the prior year quarter, and $169.6 million in fiscal 2013, up 1%, with continued benefit from strong sales in emerging markets.  The quarterly platelet growth also reflects a challenging year over year comparison due to the Japanese Red Cross increasing inventories of platelet disposables in advance of their system conversion.Red cell disposables revenue was $14.0 million for the quarter, up 13%, and $49.7 million for the full year, up 4% in a declining market.  While the Company is successfully leveraging its IMPACT® selling approach to advance Blood Management Solutions, fourth quarter growth was attributable primarily to the timing of orders at the end of the quarter in North America. 

    Whole blood revenue was $54.9 million for the quarter and $138.4 million since closing the acquisition August 1, in line with expectations.Hospital

    Surgical disposables revenue was $17.5 million for the quarter, up 1%, and $73.5 million for the full year, up 10%.  This was the second consecutive annual increase in Cell
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    SOURCE Haemonetics Corporation
    Copyright©2012 PR Newswire.
    All rights reserved

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