NYSE$HAE

Haemonetics Corp. · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Haemonetics reported Q4 2023 earnings with revenue increase and provided fiscal 2024 guidance.

Haemonetics Corporation reported a 14.9% increase in revenue for the fourth quarter of fiscal year 2023, reaching $304.4 million. Earnings per diluted share were $0.57, and adjusted earnings per diluted share were $0.77. The company provided fiscal year 2024 revenue and earnings guidance.

  • Q4 fiscal 2023 revenue increased by 14.9% to $304.4 million.
  • Earnings per diluted share for Q4 fiscal 2023 were $0.57, compared to $0.19 in the same period last year.
  • Adjusted earnings per diluted share for Q4 fiscal 2023 were $0.77, up from $0.65 in the prior year.
  • The company issued its fiscal 2024 GAAP total revenue and organic revenue growth guidance.

Headline financials

Total Revenue

$304M

Previous: $265M+14.9%
EPS (adj)

$0.77

Previous: $0.65+18.5%
Capital Expenditures

$11.9M

Previous: $35.1M-66.1%
Free Cash Flow

$67.7M

Previous: $42M+61.2%
Net Income

$29.4M

Previous: $9.74M+201.6%
Operating Income

$35.3M

Previous: $19.2M+83.6%
Gross Profit

$156M

Previous: $136M+14.6%
Cash & Equivalents

$284M

Previous: $259M+9.6%
Total Assets

$1.93B

Previous: $1.86B+4.0%
Stock-Based Comp

$7.06M

Previous: $5.1M+38.5%

Revenue & EPS history

Haemonetics · Revenue · Quarterly

$304M

Q4 2023+14.9%vs Q4 2022
Beat estimate in 13 of 14 quarters(93%)
ActualEstimate

Revenue by segment

Haemonetics · $299M total across 3 segments · Q4 2023

  • Plasma
    $131M+29.8%
  • Hospital
    $101M+17.6%
  • Blood Center
    $67.2M-8.1%

Forward guidance

The Company issued its fiscal 2024 GAAP total revenue and organic revenue growth guidance as follows: Total CompanyFY 2024Reported4 - 7%Currency impact(1)%Organic5 - 8%Business unit organic revenueFY 2024Plasma revenue3 - 6%Blood Center revenue(2) - 0%Hospital revenue16 - 18% Additionally, the Company issued its adjusted operating margin, adjusted earnings per diluted share and free cash flow before restructuring and restructuring related costs guidance as follows: Adjusted operating margin20 - 21%Adjusted earnings per diluted share$3.45 - $3.75Free cash flow, before restructuring and restructuring related costs$80M - $100M

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 Q4 2023

Historical avgQ4 2023

+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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro