The following is a summary of the Haemonetics Corporation (HAE) Q2 2025 Earnings Call Transcript:
Financial Performance:
Reported Q2 FY 2025 revenue of $346 million, a 9% increase on a reported basis and a 4% organic increase, primarily in the hospital business.
Adjusted earnings per share grew by 13% year-over-year to $1.12.
Adjusted gross margin improved by 270 basis points to 56.7%.Raised full-year organic growth guidance from flat-3% to 1%-4%.
Business Progress:
Completed upgrades across U.S. NexSys centers within the fiscal year to support integrated plasma collection platform growth.
Expanded hospital business revenue by 31% with significant growth from Blood Management Technologies and Interventional Technologies.
Enhanced market position in plasma collection and hospital market segments with technology upgrades and expansions, including the launch of VASCADE MVP XL.
Opportunities:
Growth expected in hospital business due to new product introductions and expanded market opportunities in emerging industry trends.
Accelerated adoption and increased product introductions in Interventional Technologies, leveraging successful launches and increasing presence in procedures like left atrial appendage closures.
Risks:
Ongoing volatility and pressure on volumes in plasma collection and European markets could affect overall operational performance.
An approximate $100 million revenue contribution from CSL as part of their transition, with a potential impact depending on the speed and completion of this transition.
Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
