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Haemonetics Corporation

HAE

Healthcare · 100.56 -2.5% today

Isolated · not yet confirmedMarket checked 11 Sept, 11:25 GMT-4

Market read

Haemonetics Corporation's current read is isolated; its market group is not confirming.

The latest filing is mixed. 0 of 37 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 5 directly disclosed connections are confirming.

What changed
  • Revenue increased 5.6% versus the comparable filing period.
  • Net margin fell 0.9 percentage points.
Company-2.5% todayVolume comparison unavailable
Market group0 of 37 activeNo Coherent Theme · unavailable
Disclosed network0 of 5 confirmingNo filing-linked name is confirming now
What would change this read
  • The latest period links higher interest expense to borrowing under the revolving credit facility, adding a current financing exposure below operating income.

Invalidation: The isolated read changes if HAE's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Healthcare · Medical Devices

The latest filing is mixed. 0 of 37 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 5 directly disclosed connections are confirming.

Evidence that supports
  • Revenue increased 5.6% versus the comparable filing period.
  • Operating cash flow covered net income at 1.59x, improving versus the comparable period.
Evidence that challenges
  • Net margin fell 0.9 percentage points.
What would clarify the read
  • The latest period links higher interest expense to borrowing under the revolving credit facility, adding a current financing exposure below operating income.

Company research

Understand the business, not just the ticker

As of Sep 11, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations327
Usable filing statements93
Verified relationships5
Evidence supporting the case
  • Operating cash flow covered net income at 3.01x in the latest annual period.
Evidence challenging the case
  • Latest annual revenue changed -2.0% year over year.
  • Operating margin changed -4.6 percentage points in the latest annual period.
  • Net margin changed -5.0 percentage points in the latest annual period.
  • Input and raw-material costs has repeated adverse evidence across 4 filings.
  • Restructuring and cost reductions has repeated adverse evidence across 4 filings.
Questions before a position
  • P/E is 16% below the available filing-peer median; determine whether growth and quality justify the difference.
  • EV/sales is 46% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 10, 2026

101.15
6m+66.9%12m+86.5%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2022-04-02$993.2M+14.1%$0.84+0.1%
2023-04-01$1.2B+17.7%$2.24+0.1%
2024-03-30$1.3B+12.0%$2.29-0.0%
2025-03-29$1.4B+4.0%$3.31-1.3%
2026-03-28$1.3B-2.0%$2.05-6.7%

What management says matters

Persistent and emerging business drivers

Credit and interest ratesmixed · 5 filings
The increase was primarily due to increase interest expense resulting from the borrowing of the revolving credit facility, partially offset by additional gains recognized on the previously held equity interest in Vivasure Medical Limited (“Vivasure”).
10-Q · Aug 6, 2026
Input and raw-material costsnegative · 4 filings
The increase was primarily due to higher personnel-related costs and freight charges.
10-Q · Aug 6, 2026
Restructuring and cost reductionsmixed · 4 filings
Cash flows from operating activities for fiscal 2026 included net income of $97.3 million, adjusted for non-cash depreciation and amortization of $111.7 million, share-based compensation expense of $33.8 million and impairment charges of $86.5 million, partia…
10-K · May 20, 2026
Capital investment and capacitymixed · 3 filings
Cash flows used in investing activities for fiscal 2025 included cash outflows of $150.9 million for the acquisition of Attune Medical, capital expenditures of $39.3 million, non-cash transfers from inventory of $21.1 million, and other strategic investments…
10-K · May 20, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales 3.6× · EV/sales 4.3×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

100.56-2.5% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 11:25 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for HAE. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Latest filing assessment

The latest filing presents a mixed picture

10-Q filed 2026-08-06 against the comparable filing from 2025-08-07.

mixed
OperationsmixedEvidence score +1
liquidityconstructiveEvidence score +1
valuationmixed

Capital and cash conversion

Reported investment and cash context

Capital spending YoY
+110.6%
Capital spending / revenue
+2.3%
Free-cash-flow margin
+13.1%
FCF margin change
+8.8 pts

Capex, revenue, and operating cash flow are matched to the same reported duration. Reported accounting context, not a forecast or trading recommendation.

What improved

  • Revenue increased 5.6% versus the comparable filing period.
  • Operating cash flow covered net income at 1.59x, improving versus the comparable period.

What weakened

  • Net margin fell 0.9 percentage points.

Filing receipts

The increase was primarily due to increase interest expense resulting from the borrowing of the revolving credit facility, partially offset by additional gains recognized on the previously held equity interest in Vivasure Medical Limited (“Vivasure”).

The increase during the three months ended June 27, 2026 was primarily due to favorable product mix across all business units, as well as decreased amortization of fair value inventory step-up related to the acquisition of Advanced Cooling Therapy, Inc., d/b/a Attune Medical (“Attune Medical”).

The increase was driven by higher market expansion in the Vascular Closure product line within the Interventional Technologies franchise, and by increased volume and share gains in the Hemostasis Management product line within the Blood Management Technologies franchise.

Historical filing backfill generated after the original filing window. It is not part of Jodie's live track record.

Business ecosystem

The relationships behind HAE

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

ABTAbbott LaboratoriescompetitorMay 20, 2026

KGaA, and Abbott Laboratories, in particular, have significant financial and other resources and are strong competitors in a number of our businesses.

BSXBoston Scientific CorporationcompetitorMay 20, 2026

Competitors such as Abbott Laboratories, Boston Scientific, and Philips pose challenges and opportunities in the coronary physiology segment, each offering their own technologies and solutions.

LIVNLivaNova PLCcompetitorMay 20, 2026

For high-volume platforms, each manufacturer's technology is similar and our Cell Saver technology competes principally with products offered by LivaNova PLC, Medtronic and Fresenius.

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 6 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

HAE is currently a Follower in the organic co-movement group No Coherent Theme. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

This group is retained as the last observed read for HAE; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.