Navigation Links
Haemonetics Reports 8% Revenue Growth for Second Quarter of Fiscal 2012, Adjusted Earnings Per Share of $0.72 and Updates Previously Provided Full Year Earnings Guidance
Date:10/31/2011

he software business, a key enabler of blood management solutions.
  • 22% revenue growth in diagnostic disposables products, with rapid uptake by leading US hospitals.
  • IMPACT® accounts increasing to 226 as more customers embrace the value of blood management.
  • The OrthoPAT recall remains on track with over 500 devices replaced to date.

  • In the quarter Haemonetics reported adjusted gross margin of 50.9%, down 170 basis points, and adjusted operating margin of 14.2%, down 270 basis points.  The Company's adjusted operating expenses were $65.8 million, up 10%.  Gross and operating margins were significantly impacted by the recall of OrthoPAT devices.  The negative impact on operating results associated with the OrthoPAT recall and other product quality initiatives was approximately 180 basis points of gross margin, $4 million of operating earnings or $0.12 per share in the quarter and 170 basis points of gross margin, $7 million of operating earnings or $0.20 per share year to date.

    Mr. Concannon added: "Despite the quality issues, the fundamentals of this business remain strong.  With the exception of OrthoPAT disposables, where the recall impacted revenues, we saw continued growth across all other product categories.  We continue to see a growing demand for our products and services as more customers seek economic savings and improved clinical outcomes using our blood management solutions."

    As noted, in the quarter revenues were $179.4 million, up 8%.  A break-down vs. the prior year quarter follows:

    Plasma

    Plasma disposables revenue was $64.4 million, up 14%.  Momentum continued in Haemonetics' plasma business in the quarter following a cyclical adjustment in the commercial Plasma business last year.  Plasma revenues are still being negatively impacted by a change in collection practices in Japan.

    Blood bank

    Platelet disposables revenue was $42.2 mil
    '/>"/>

    SOURCE Haemonetics Corporation
    Copyright©2010 PR Newswire.
    All rights reserved

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

    Related medicine technology :

    1. Haemonetics Sets Date for Second Quarter Fiscal Year 2012 Earnings Release: October 31, 2011
    2. Haemonetics Sets Date for Fourth Quarter Fiscal Year 2011 Earnings Release: May 2, 2011
    3. Haemonetics to Present at J.P. Morgan Healthcare Conference
    4. Fenwal Responds to New Lawsuit From Haemonetics; Reiterates Commitment to Blood Centers
    5. Pacira Pharmaceuticals, Inc. Reports Third Quarter 2011 Financial Results
    6. ReportsnReports - Hyper Acute Pancreas (Pancreatic Cancer) - Analysis and Forecasts to 2020
    7. HeartWare International Reports Third Quarter 2011 Revenues of $21.3 Million; 54% Increase From $13.8 Million in Third Quarter 2010
    8. Uroplasty Reports Fiscal Second Quarter 2012 Financial Results
    9. Varian Medical Systems Reports Results for Fourth Quarter of Fiscal Year 2011
    10. ERT Reports Third Quarter 2011 Operating Results
    11. CryoLife Reports Financial Results for the Third Quarter and First Nine Months of 2011
    Post Your Comments:
    *Name:
    *Comment:
    *Email:
    (Date:1/15/2014)... As health officials across the Midwest warn against the widespread ... Michigan will offer free diagnostic testing for ... to administer tests and, in some cases, fill the matching ... the study. The Grand Rapids, Mich. ...
    (Date:1/15/2014)... Texas , Jan. 15, 2014  Novation, the leading ... awarded several new IT value-added reseller (VAR) national contracts ... IT goods and services at lower costs. These include ... services such as initiative assistance and ongoing IT consulting ...
    (Date:1/15/2014)... Calif. , Jan. 15, 2014 Massachusetts ... (NASDAQ: AMGN ) announced today that ... discover and validate new therapeutic targets and develop ... chronic disorder that affects millions worldwide. The MGH-Broad-Amgen ...
    Breaking Medicine Technology:Meijer Pharmacy Offers Free Flu, Strep Testing as Influenza Cases Rise Across the Midwest 2Meijer Pharmacy Offers Free Flu, Strep Testing as Influenza Cases Rise Across the Midwest 3New Novation Information Technology VAR Contracts Offer Significant Savings to Hospitals 2Mass. General, Broad Institute and Amgen Will Work to Discover New Drugs for Inflammatory Bowel Disease 2Mass. General, Broad Institute and Amgen Will Work to Discover New Drugs for Inflammatory Bowel Disease 3Mass. General, Broad Institute and Amgen Will Work to Discover New Drugs for Inflammatory Bowel Disease 4
    ... GlySure Limited, developer of in-hospital continuous blood glucose ... million Series C financing round. GlySure will use this ... the United States and Europe. The financing ... existing investors Amadeus Capital Partners, Chester Investments and Delta ...
    ... 9, 2012  Stemline Therapeutics, Inc., a clinical stage biopharmaceutical ... cells (CSCs), today announced that Eric K. Rowinsky, M.D. ... Medical Officer and Head of Research and Development. Dr. ... the Company,s two clinical stage drug candidates, SL-401 and ...
    Cached Medicine Technology:GlySure Secures $10.9 Million in Series C Financing Round 2Stemline Therapeutics, Inc. Names Eric K. Rowinsky, M.D. Chief Medical Officer and Head of Research and Development 2Stemline Therapeutics, Inc. Names Eric K. Rowinsky, M.D. Chief Medical Officer and Head of Research and Development 3
    (Date:7/13/2014)... A decreased ability to identify odors might ... disease, while examinations of the eye could indicate ... Alzheimer,s, in the brain, according to the results ... Alzheimer,s Association International Conference 2014 (AAIC 2014) in ... decreased ability to identify odors was significantly associated ...
    (Date:7/13/2014)... A Xarelto lawsuit webpage has been ... consumers with the most current information regarding serious internal ... medication, as well as the growing number of ... country. The law firm is now offering free legal ... internal bleeding and related complications while using Xarelto, including:, ...
    (Date:7/13/2014)... Palatine, Illinois (PRWEB) July 13, 2014 Hope ... facilitating a monthly grief support group at the Tamarack Senior ... will be held at 10:30 A.M. on the 3rd Wednesdays ... July 16th, 2014 at the Tamarack Community located at 55 ... to all bereaved individuals and there is no cost for ...
    (Date:7/13/2014)... According to the Living With KP book review ... that features a series of tips and advice on ... This guide consists of 14 chapters including:, ...     Chapter 2: What Cause KP? ,     Chapter 3: ...     Chapter 4: Keratosis Pilaris Treatment ,     Chapter ...
    (Date:7/12/2014)... Recently, Fadhits.com, a well-known wedding dress manufacturer and ... graduation dresses to its product line. In addition, the ... It wants to bring more benefits for its loyal fans. ... discounted prices, up to 72% off. , As a leader ... Its online shop is a good place for ladies who ...
    Breaking Medicine News(10 mins):Health News:Smell and eye tests show potential to detect Alzheimer's early 2Health News:Smell and eye tests show potential to detect Alzheimer's early 3Health News:Smell and eye tests show potential to detect Alzheimer's early 4Health News:Smell and eye tests show potential to detect Alzheimer's early 5Health News:Smell and eye tests show potential to detect Alzheimer's early 6Health News:Smell and eye tests show potential to detect Alzheimer's early 7Health News:Xeralto Lawsuit Page Launched By Wright & Schulte LLC To Provide Information On Potential For Xarelto Bleeding Side Effects, Growing Litigation 2Health News:Xeralto Lawsuit Page Launched By Wright & Schulte LLC To Provide Information On Potential For Xarelto Bleeding Side Effects, Growing Litigation 3Health News:Xeralto Lawsuit Page Launched By Wright & Schulte LLC To Provide Information On Potential For Xarelto Bleeding Side Effects, Growing Litigation 4Health News:Hope Hospice Announces Grief Support Group at the Tamarack Senior Living Community 2Health News:Living With KP Book Review Exposes Jennifer Richards' Keratosis Pilaris Guide – Vkool.com 2Health News:Living With KP Book Review Exposes Jennifer Richards' Keratosis Pilaris Guide – Vkool.com 3Health News:New Collection of Long Graduation Dresses Revealed by Fadhits.com 2
    ... in treatment of cancer, are likely to harm normal ... the Journal of Biology.// ,The study observed that ... be long lasting. This study gives a clue to ... that are seen in lots of cancer patients. Cancer ...
    ... Texas surgeons lead robotically assisted laparoscopic surgeries. A ... places in the body. Laparoscopic surgeons at// UT ... gastric-bypass and colon-resections surgeries. , Laparoscopic ... than one long incision. This usually results in ...
    ... it proposed to set up a health ombudsman to monitor ... Health and Family Welfare Panabaka Lakshmi told the Lok Sabha ... Ombud" will be part of a bill that government proposes ... the deadly disease. ,The minister said the objective ...
    ... worried about looking their best for upcoming events and warm-weather ... part of that. According to a survey conducted by the ... 61 percent of female respondents said people look better with ... of women thought that a tan gave them a “healthy” ...
    ... a lot of other countries, Japan is keen to ... universities, which are currently restricted only to those// who ... of the undergraduate courses like biotechnology and neurosciences to ... prime minister. He is also a professor at the ...
    ... behavioral abnormalities, if they are habituated to excessive viewing ... study conducted recently at Indiana// University School of Medicine ... less inclined to be self controlled and poised and ... were studied using MRI scanners.They were assigned to watch ...
    Cached Medicine News:Health News:North Texas Surgeons Lead Robotically Assisted Laparoscopic Surgeries. 2Health News:AAD Warns Against Indoor Tanning for the Holiday Season 2
    ... The Angio-MR MIYABI supports interventional cardioangiography procedures ... procedures with a cardioangiography system., Utilize your ... level possible with our integrated suite. Because ... independently, you'll enjoy diagnosis and follow-up in ...
    ... a comprehensive medical billing software capable ... multiple payer requirements of healthcare billing ... functionality to necessary to process claims ... such as trip reporting for ambulance ...
    ... environment, providers can code the charge while completing ... PDA while away from office, both directly feeding ... use an Encounter Form/Superbill, data entry can be ... and patient payments are posted by reflecting open ...
    The HearTwave system is the original stand-alone Microvolt T-Wave Alternans (MTWA) testing platform....
    Medicine Products: