Haemonetics : Q4 2026 Analysis Tables & Supplemental Information

Published: 2026-05-07 06:03:13 ET HAE

Published on 05/07/2026 at 06:03 am EDT

May 7, 2026

Conference call speakers:

Chris Simon

President & CEO

James D'Arecca

EVP, Chief Financial Officer

Olga Guyette

VP, Investor Relations & Treasury

Conference call will take place at 8:00 a.m. ET on May 7, 2026, and can be accessed via live webcast: Link or teleconference: Link.

The earnings release, accompanying slides and a replay of the conference call (beginning at 11:00 AM ET) are available online at https://www.haemonetics.com.

Safe Harbor for Forward-Looking Statements

This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements do not relate strictly to historical or current facts and may be identified by the use of words such as "may," "will," "should," "could," "would," "expects," "plans," "anticipates," "believes," "estimates," "projects," "predicts," "forecasts," "foresees," "potential" and other words of similar meaning in conjunction with statements regarding, among other things, (i) plans and objectives of management for operations of Haemonetics Corporation ("Haemonetics" or the "Company"), including plans or objectives related to the Company's strategy for growth; product development, commercialization and anticipated benefits; regulatory approvals; the impact of acquisitions and divestitures; market position and expenditures; and the Company's market and regional alignment initiative; (ii) estimates or projections of future financial results, financial condition, capital expenditures, capital structure or other financial items, including with respect to the Company's share repurchase program; and (iii) the assumptions underlying or relating to any statement described in points (i) and

(ii) above. Such forward-looking statements are not meant to predict or guarantee actual results, performance, events or circumstances and may not be realized because they are based upon the Company's current projections, plans, objectives, beliefs, expectations, estimates and assumptions and are subject to a number of risks and uncertainties and other influences. Actual results and the timing of certain events and circumstances may differ materially from those described by the forward-looking statements as a result of these risks and uncertainties.

Factors that may influence or contribute to the inaccuracy of the forward-looking statements or cause actual results to differ materially from expected or desired results can be found in the Company's most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q filed or to be filed with the U.S. Securities Exchange Commission (the "SEC") under the headings "Risk Factors" and "Cautionary Statement Regarding Forward-Looking Information" and in the Company's other periodic filings with the SEC. The Company does not undertake to update these forward-looking statements.

Non-GAAP Financial Measures

This presentation contains non-GAAP financial measures as defined under applicable SEC rules and regulations. These non-GAAP financial measures should be considered supplemental to, and not a substitute for, the Company's reported financial results prepared in accordance with U.S. GAAP. We strongly encourage investors to review the Company's financial statements and publicly-filed reports in their entirety and not rely on any single financial measure. Because non-GAAP financial measures are not standardized, it may not be possible to compare these financial measures to similarly titled measures used by other companies. To the extent available without unreasonable effort, we have provided reconciliations of these non-GAAP measures to their most comparable GAAP measure in the appendix to this presentation, which is available on our website at https://www.haemonetics.com. The Company does not provide a reconciliation of forward-looking non-GAAP measures because certain significant information necessary for such reconciliations are unavailable, dependent on future events outside of our control and cannot be predicted without unreasonable efforts.

When used in this presentation, organic revenue growth excludes the impact of currency fluctuation, the divestiture of the Whole Blood product line as of its completion in January 2025 and the exit of certain liquid solution products. Organic ex-CSL revenue growth further excludes the impact of fiscal 2025 disposable sales to CSL Plasma under its transitional U.S. supply agreement with the Company. Adjusted gross profit, adjusted operating expenses, adjusted operating income, adjusted interest and other income/expense, adjusted provision for income taxes, adjusted net income and adjusted earnings per diluted share exclude restructuring costs, restructuring related costs, a provision for pre-acquisition inventory and inventory purchase commitments that was deemed not recoverable, digital transformation costs, amortization of acquired intangible assets, asset impairments and write downs, amortization of fair value inventory step-up, costs related to compliance with the European Union Medical Device Regulation ("MDR") and In Vitro Diagnostic Regulation ("IVDR"), acquisition, integration and divestiture related costs, net gains on the repurchase of convertible notes, gains on sales of property, plant and equipment, certain tax settlements, unusual or infrequent and material litigation-related charges, and remeasurement of contingent consideration. Adjusted net income and adjusted earnings per diluted share also exclude the tax impact of these items. The adjustments to provision for income taxes are calculated based on the jurisdictions in which pre-tax adjustments occurred. Free cash flow is defined as cash provided by operating activities less capital expenditures and additions to Haemonetics equipment, net of the proceeds from the sale of property, plant and equipment.

Use of Document

This presentation contains certain highlights with respect to our fourth quarter of fiscal 2026 performance and developments and does not purport to be a complete summary thereof. Accordingly, we encourage you to read our earnings release for the fourth quarter ended March 28, 2026 located in the investor relations section of our website at https://www.haemonetics.com and our Annual Report on Form 10-K for the year ended March 28, 2026 filed with the SEC.

4.8% reported revenue growth; 4.5% organic1 revenue growth; 8.6% organic ex-CSL2 revenue growth.

Gross margin down 120bps Y/Y to 57.2%; Adjusted gross margin down 50bps Y/Y to 59.7%.

Operating margin of (6.6%), down 2,820bps Y/Y; Adjusted operating margin of 24.4%, down 50bps Y/Y.

Loss per share of ($0.44), down from EPS of $1.17 last year; Adjusted EPS of $1.29, up 4% Y/Y.

Free cash flow grew 45% Y/Y to $210 million in FY'26.

Free cash flow to adjusted net income conversion ratio reached 89% in FY'26.

Strengthened category leadership in Vascular Closure with the acquisition of Vivasure.

Received FDA 510(k) clearance for NexSys PCS® Plasma Collection System with Persona® PLUS technology..

Received FDA approval to expand the labeling for the Vascade MVP® XL venous vascular closure system.

Bought back ~1.6M and ~3.0M shares of HAE common stock in Q4 and FY'26 respectively.

1) Excludes the impacts of currency fluctuation, the divestiture of the Whole Blood product line as of its completion in January 2025 and the exit of certain liquid solution products. The Company's acquisition of Medical Limited ("Vivasure") in January 2026 had no impact on organic revenue growth rates and is not separately quantified. 2) In addition to the adjustments for organic revenue, further excludes the impact of fiscal 2025 disposable sales to CSL Plasma under its transitional U.S. supply agreement with the Company.

Organic Revenue

Growth

Adjusted Operating Margin

Adjusted EPS Growth

High Single Digit

(FY'22 - FY'26 CAGR)

High Twenties

(in FY'26)

Mid Teens

(FY'22 - FY'26 CAGR)

10% CAGR;

13% CAGR ex-CSL

25.4%

+ ~660 bps expansion

18% CAGR

Free

Cash Flow

$600M - $700M

(in cumulative FCF

FY'23 - FY'26)

$636M

Cumulative FCF

1) See Appendix for reconciliation of GAAP to non-GAAP results. Adjusted operating margin equals (i) fiscal 2026 adjusted operating income divided by (ii) fiscal 2026 revenue determined in accordance with GAAP.

Disclaimer

Haemonetics Corporation published this content on May 07, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 07, 2026 at 10:02 UTC.