The following is a summary of the Haemonetics Corporation (HAE) Q1 2025 Earnings Call Transcript:

Financial Performance:

• Haemonetics reported Q1 revenue of $336 million, an 8% growth on a reported basis and 3% organically.

• Adjusted earnings per diluted share declined by 3% to $1.02.

• Adjusted gross margin was 55.3%, increasing by 110 basis points.

• Adjusted operating income was $71 million, up by $0.8 million.

• Forecasted adjusted earnings per share for FY 2025 range from $4.45 to $4.75.

Business Progress:

• Launched new products and integrated recent acquisitions.

• Achieved 31% reported revenue growth in the Hospital business unit.

• Plan to upgrade all Nexus customers in North America to Express Plus and Persona technologies before end of FY 2025.

• Launching full market release of VASCADE MVP XL and planning to enter additional European markets this year.

• Expecting strong year ahead with sustained revenue growth and enhanced productivity.

Opportunities:

• Continued demand for plasma and IG replacement therapies supporting long-term growth in plasma collections market.

• New product launches like VASCADE MVP XL facilitating expansion in interventional procedures such as pulsed field ablation and left atrial appendage closures.

Risks:

• Plasma revenue decline of 3%, influenced by customer transitions and unforeseen temporary customer plasma center outages.

• Blood Center revenue decreased by 2% due to order timing among distributors and rationalizing the franchise to optimize contribution.

More details: Haemonetics IR

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