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Last $39.25 USD
Change Today +0.18 / 0.46%
Volume 324.6K
HAE On Other Exchanges
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As of 8:04 PM 07/29/15 All times are local (Market data is delayed by at least 15 minutes).

haemonetics corp/mass (HAE) Key Developments

Haemonetics Corporation Reports Unaudited Consolidated Earnings Results for the First Quarter Ended June 27, 2015; Reaffirms Earnings Guidance for the Fiscal Year 2016

Haemonetics reported unaudited consolidated earnings results for the first quarter ended June 27, 2015. For the quarter, the company reported net revenues of $213.413 million against $224.488 million a year ago. Operating income was $3.606 operating loss of $1.666 million a year ago. Income before taxes was $1.597 million against loss before taxes of $4.209 million a year ago. Net loss was $0.267 million against $3.649 million a year ago. Net loss per common share assuming dilution was $0.01 million against $0.07 million a year ago. Net cash provided by operating activities was $9.250 million against $13.738 million a year ago. Capital expenditures on property. plant and equipment was $24.246 million against $37.085 million a year ago. Non-GAAP operating income was $25.827 million against $28.778 million a year ago. Non-GAAP income before taxes was $23.818 million against $26.458 million a year ago. Non-GAAP net income was $17.984 million against $19.725 million a year ago. Non-GAAP net income per common share assuming dilution was $0.35 against $0.38 a year ago. The Company reported free cash flow, before transformation and restructuring costs, of $1 million in the first quarters of fiscal 2016 and 2015. The company reaffirmed its previous fiscal 2016 guidance for revenue growth of 4-6%, implying a range of $946.5 million to $965 million. The company continues to expect approximately 46% of revenue in the first half and 54% in the second half of the fiscal year. The company reaffirmed full year adjusted earnings per share in the range of $1.98 to $2.08, representing 7% to 12% earnings growth over fiscal 2015. The company continues to expect approximately 35% of fiscal 2016 earnings to be realized in the first half of the year and 65% in the second half. Free cash flow guidance for fiscal 2016 is reaffirmed in the range of $105-$110 million before funding approximately $27 million of capital expenditures and cash transformation expenditures to complete the VCC initiatives. Acquisition related amortization is expected to approximate $30 million, or $0.40 per share, and is excluded from adjusted operating income and adjusted earnings per share. Full year guidance is for adjusted gross margin to average between 48% and 49%, adversely affected by mix and currency and positively affected by VCC and other structural cost improvements. Adjusted operating margin is expected to average between 15% to 16%. In constant currency, the company is reaffirming the company fiscal 2016 earnings growth rate of 15% to 20%.

Haemonetics Corporation to Report Q1, 2016 Results on Jul 27, 2015

Haemonetics Corporation announced that they will report Q1, 2016 results at 8:00 AM, Eastern Daylight on Jul 27, 2015

Haemonetics Corporation, Q1 2016 Earnings Call, Jul 27, 2015

Haemonetics Corporation, Q1 2016 Earnings Call, Jul 27, 2015

Haemonetics Corporation, Annual General Meeting, Jul 21, 2015

Haemonetics Corporation, Annual General Meeting, Jul 21, 2015., at 09:00 US Eastern Standard Time. Location: The Hilton Logan Airport. Agenda: To elect three directors; to consider and act upon an advisory vote regarding the compensation of named executive officers; to ratify Ernst & Young LLP as independent registered public accounting firm to audit the consolidated financial statements of the company and its subsidiaries for the fiscal year ended April 2, 2016; and to consider and act upon any other business which may properly come before the meeting.

Haemonetics Corporation Presents at Goldman Sachs 36th Annual Global Healthcare Conference, Jun-10-2015 02:40 PM

Haemonetics Corporation Presents at Goldman Sachs 36th Annual Global Healthcare Conference, Jun-10-2015 02:40 PM. Venue: Terranea Resort, Rancho Palos Verdes, California, United States. Speakers: Christopher J. Lindop, Chief Financial Officer and Executive Vice President of Business Development.

 

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HAE

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Valuation HAE Industry Range
Price/Earnings 100.0x
Price/Sales 2.2x
Price/Book 2.5x
Price/Cash Flow 98.3x
TEV/Sales 1.6x
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