“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 ↗
Haemonetics Corporation
HAE
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.
- Revenue increased 5.6% versus the comparable filing period.
- Net margin fell 0.9 percentage points.
- 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.
Research brief
The story so far
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.
- Revenue increased 5.6% versus the comparable filing period.
- Operating cash flow covered net income at 1.59x, improving versus the comparable period.
- Net margin fell 0.9 percentage points.
- 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
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
- Operating cash flow covered net income at 3.01x in the latest annual period.
- 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.
- 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.
Price as of Sep 10, 2026
101.15Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“The increase was primarily due to higher personnel-related costs and freight charges.”10-Q · Aug 6, 2026 ↗
“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 ↗
“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.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
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.
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.