Avanos Medical Stock Price, News & Analysis

Avanos Medical (NYSE: AVNS) will hold a conference call on Feb. 18, 2021, at 9 a.m. ET, to discuss its fourth quarter and full-year 2020 financial results. A news release detailing these results will be issued before market open that day. The call will be hosted by CEO Joe Woody and CFO Michael Greiner. Investors can join the call by dialing 877-240-5772 or access a live webcast via the Avanos Medical website. A replay will be available starting Feb. 18 at noon ET for one week.

Avanos Medical (NYSE: AVNS) will have CEO Joe Woody present at the 39th Annual J.P. Morgan Healthcare Conference on January 13, 2021, at approximately 2 p.m. ET. This presentation will be available via a live webcast, including a Q&A session, accessible through the Investors section of Avanos Medical's website and will be archived for later viewing. The company focuses on innovative healthcare solutions aimed at reducing opioid use and improving patient recovery.

Avanos Medical, Inc. (NYSE: AVNS) will present at two virtual investor conferences in November 2020. The Stifel 2020 Virtual Healthcare Conference will take place on Nov. 18 at 10 a.m. ET, featuring CEO Joe Woody. The Stephens Annual Investment Conference is scheduled for Nov. 19 at 8 a.m. ET, with CFO Michael Greiner speaking. Investors can access webcasts of both presentations on the Investors section of the Avanos Medical website. The company focuses on breakthrough medical device solutions to improve patient quality of life.

Avanos Medical reported third quarter 2020 net sales of $186 million, an 8% increase year-over-year. The company achieved a net income of $19 million, rebounding from a loss of $12 million last year. Despite challenges from the pandemic, demand for Respiratory Health products drove growth. Adjusted EBITDA was $24 million, slightly down from $25 million a year ago. The company continues to manage expenses effectively while investing in growth. However, it anticipates ongoing uncertainty due to COVID-19's impact on elective procedures.

Avanos Medical, Inc. (NYSE: AVNS) will hold a conference call on November 3, 2020, at 9 a.m. ET to discuss its third-quarter 2020 financial results. A news release detailing the financial results will be issued prior to the market opening on the same day. The call, hosted by CEO Joe Woody and CFO Michael Greiner, will be accessible via a live webcast on the Avanos Medical website. Replays will be available post-call on the same platform for one week.

Avanos Medical, Inc. (NYSE: AVNS) has appointed Michelle Scharfenberg as its new senior vice president & chief ethics and compliance officer, effective immediately. With over 20 years of experience in healthcare law and compliance, Scharfenberg is set to lead the company’s Compliance & Ethics program, aligning it with the company’s commitment to ethical operations. Previously, she was vice president and chief compliance officer at Cantel Medical Corporation. CEO Joe Woody emphasized the importance of this role in maintaining Avanos's reputation in the global medical device market.

Avanos Medical, Inc. (NYSE: AVNS) will present at two virtual investor conferences in September 2020. The first, the Morgan Stanley 18th Annual Global Healthcare Conference, is scheduled for Mon., Sept. 14 at 5 p.m. ET, featuring CEO Joe Woody. The second, the Cantor Virtual Global Healthcare Conference, will take place on Thurs., Sept. 17 at 8 a.m. ET, with CFO Michael Greiner speaking. Webcasts of the presentations will be accessible on the Avanos Medical website's Investors section, and both sessions will be archived for later viewing.

Avanos Medical announced the publication of a clinical trial comparing COOLIEF* Cooled Radiofrequency ablation to hyaluronic acid (HA) for chronic knee pain management. Conducted with 177 subjects, the trial indicated that 71.1% receiving CRFA experienced ≥ 50% pain relief after 6 months, compared to 37.8% for HA. The COOLIEF procedure shows enhanced durability and effectiveness, with future data anticipated at 12, 18, and 24 months. This breakthrough could significantly improve treatment options for over 9 million people in the U.S. suffering from knee osteoarthritis.

Avanos Medical, Inc. (NYSE: AVNS) has appointed Bill Haydon as the new senior vice president and general manager of its combined pain franchise. Haydon, who previously led medical division operations at Cantel, is expected to drive a global growth strategy for the pain management business. His nearly 25 years of experience in strategy, marketing, and M&A is anticipated to enhance Avanos' efforts in achieving sustainable growth. CEO Joe Woody highlighted the importance of this alignment, aiming to improve efficiencies and customer service.