NYSE$HAE

Haemonetics Corp. · Q2 2025 earnings

Q2 2025 earnings · · Investor relations

Briefing

Haemonetics reported strong results driven by portfolio evolution and market trend response.

Haemonetics Corporation reported an 8.6% increase in revenue for the second quarter of fiscal 2025, with significant growth in the Hospital business unit. The company's adjusted earnings per diluted share increased by 13.1% to $1.12. Haemonetics updated its fiscal 2025 revenue guidance and reaffirmed its adjusted operating margin, adjusted earnings per diluted share, and free cash flow guidance.

  • Second quarter fiscal 2025 revenue increased by 8.6% to $345.5 million compared to the prior year.
  • Adjusted earnings per diluted share for the second quarter of fiscal 2025 increased by 13.1% to $1.12.
  • The company reaffirmed its adjusted operating margin guidance, adjusted earnings per diluted share guidance and free cash flow guidance.
  • Cash on hand increased by $120.5 million since the end of fiscal 2024, driven by debt financing activities.

Headline financials

Total Revenue

$346M

Previous: $318M+8.6%
EPS

$0.66

Previous: $0.99-33.3%
Adjusted gross margin

56.7%

Previous: 54.0%+5.0%
Adjusted operating margin

24.2%

Previous: 21.5%+12.6%
Operating Margin

15.0%

Previous: 11.1%+35.1%
Gross Margin

54.2%

Previous: 53.6%+1.1%
Capital Expenditures

-$15.1M

Previous: -$34.3M+56.0%
Free Cash Flow

$18.7M

Previous: -$9.41M+299.2%
Net Income

$33.8M

Previous: $24.9M+35.8%
Operating Income

$51.7M

Previous: $35.3M+46.4%
Gross Profit

$187M

Previous: $171M+9.9%
Cash & Equivalents

$299M

Previous: $351M-14.7%
Total Assets

$2.53B

Previous: $2.01B+25.6%
R&D Expense

$16.5M

No prior period
Stock-Based Comp

$6.86M

Previous: $6.71M+2.3%

Revenue & EPS history

Haemonetics · Revenue · Quarterly

$346M

Q2 2025+8.6%vs Q2 2024
Beat estimate in 13 of 14 quarters(93%)
ActualEstimate

Revenue by segment

Haemonetics · $313M total across 3 segments · Q2 2024

  • Plasma
    $142M+11.0%
  • Hospital
    $103M+13.5%
  • Blood Center
    $68.1M-7.6%

Forward guidance

The Company updated its fiscal 2025 GAAP total revenue and organic revenue growth guidance and reaffirmed its adjusted operating margin guidance, adjusted earnings per diluted share guidance and free cash flow guidance.

Tailwinds

  • Total Company Reported Revenue growth: 5 - 8%
  • Hospital growth: 26% - 31%
  • Total Company Organic growth: 1 - 4%
  • Adjusted operating margin: 23% - 24%
  • Adjusted earnings per diluted share: $4.45 - $4.75

Headwinds

  • Plasma growth: (3 - 6)%
  • Blood Center growth: (4 - 7)%
  • Currency impact on total company: (0 - 1)%
  • Acquisitions impact on total company: 4 - 5%
  • Free cash flow: $130M - $180M

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2025

Historical avgQ2 2025

+1.4%

Avg return

Earnings day

+4.1%

Avg return

5 days after

+6.5%

Avg return

30 days after

56%

38 / 68 earnings

Positive

+31.8%

Q2 2026

Best reaction

-15.0%

Q4 2016

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026+3.3%+2.5%+35.5%
Q3 2026-1.4%-9.8%-2.8%
Q2 2026+31.8%+41.4%+65.5%
Q4 2025+5.9%+7.6%+9.7%
Q3 2025-11.6%-13.6%-3.6%
Q2 2025+11.8%+19.5%+3.9%
Q1 2025-10.1%-13.4%-14.6%
Q4 2024+2.8%+4.4%-8.2%
Q3 2024-3.8%-7.0%+3.2%
Q2 2024+2.4%+2.5%-2.5%
Q1 2024+2.0%+3.0%-0.8%
Q4 2023+7.6%+7.4%+6.1%
Q3 2023-5.4%-8.2%-12.2%
Q2 2023+4.1%-1.7%+3.5%
Q1 2023+8.1%+12.3%+13.7%
Q4 2022+3.9%+14.1%+31.5%
Q3 2022+21.2%+24.5%+18.9%
Q2 2022-13.5%-15.7%-24.8%
Q1 2022+8.4%+1.8%+16.8%
Q4 2021-6.4%-5.4%+0.4%
Q3 2021+12.8%+21.1%+4.0%
Q2 2021-3.7%+5.6%+13.2%
Q1 2021-12.7%-8.5%+3.3%
Q4 2020-8.8%-3.4%-11.1%
Q3 2020+7.2%+7.7%-7.3%
Q2 2020+0.3%+0.5%-0.1%
Q1 2020+10.5%+13.5%+10.8%
Q4 2019+2.8%+3.4%+10.0%
Q3 2019-12.2%-14.3%-13.0%
Q2 2019+9.1%+5.8%-0.2%
Q1 2019+4.8%+2.7%+14.4%
Q4 2018+5.8%+11.2%+18.9%
Q3 2018+14.8%+13.1%+20.5%
Q2 2018+15.8%+16.4%+20.8%
Q1 2018+4.2%+3.2%+3.9%
Q4 2017-1.9%-4.4%-4.0%
Q3 2017-10.1%-9.0%-7.3%
Q2 2017+10.5%+13.8%+16.5%
Q1 2017+13.8%+16.8%+22.6%
Q4 2016-15.0%
Q3 2016+5.9%
Q2 2016-3.9%
Q1 2016+1.5%
Q4 2015-3.9%
Q3 2015+7.0%
Q2 2015-5.9%
Q1 2015-1.4%
Q4 2014-8.0%
Q3 2014-2.6%
Q2 2014+1.5%
Q1 2014+0.7%
Q4 2013-1.4%
Q3 2013-5.6%
Q2 2013+4.3%
Q1 2013-0.1%
Q4 2012+4.2%
Q3 2012-1.0%
Q2 2012+0.4%
Q1 2012+3.1%
Q4 2011+1.3%
Q4 2009+1.3%
Q3 2010-1.3%
Q3 2011-1.3%
Q2 2011+1.7%
Q1 2010-2.5%
Q2 2010-2.5%
Q1 2011-2.5%
Q4 2010-2.5%

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