Strong Organic Revenue Growth
Haemonetics reported a 13% organic revenue growth excluding CSL, driven by strong growth in their base business and margin expansion.
Plasma Segment Performance
The NexSys plasma segment delivered $130 million in revenue, with a 29% organic growth excluding CSL, supported by technology upgrades and a long-term software agreement.
TEG Hemostasis Management Success
Blood Management Technologies grew 14%, led by a 22% growth in hemostasis management, with a 27% growth in the U.S., driven by strong TEG disposable utilization and customer conversions.
Margin Expansion
The adjusted gross margin reached 60.8%, up 550 basis points year-over-year, driven by favorable product mix and a one-time benefit from a plasma software agreement.
Share Buybacks
Recent share buybacks contributed to an 8% growth in adjusted EPS to $1.10.