Haemonetics Corporation Reports 4% Revenue Growth, 42.6% Net Income Increase, and 43.5% EPS Rise for Fiscal Year 2025

Reuters
05/21
Haemonetics Corporation Reports 4% Revenue Growth, 42.6% Net Income Increase, and 43.5% EPS Rise for Fiscal Year 2025

Haemonetics Corporation has released its financial results for fiscal year 2025, reporting a 4.0% increase in net revenues compared to fiscal 2024. This growth was mainly driven by the Hospital business, which saw revenue increase by 23.7%, primarily due to recent acquisitions and growth in Interventional Technologies and Blood Management Technologies. In contrast, Blood Center revenue declined by 7.8%, largely due to a decrease in the Whole Blood business following its divestiture. Net income for fiscal 2025 was reported at $167.7 million, marking a 42.6% increase from the previous year. This improvement resulted in a net income per share of $3.33, up from $2.32 in fiscal 2024. The company attributed this increase to operating leverage, the remeasurement of contingent consideration, and gains from the sale of a manufacturing facility, despite incurring transaction and integration costs from recent acquisitions. Provision for income taxes increased to $44.4 million, constituting 20.9% of pre-tax income, compared to $34.3 million or 22.6% the previous year. The results reflect the company's strategic acquisitions and operational adjustments, contributing to the overall financial performance.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Haemonetics Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000313143-25-000025), on May 21, 2025, and is solely responsible for the information contained therein.

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