Haemonetics Corp Mass Stock Price, News & Analysis

Haemonetics (NYSE: HAE) has announced its plans to release second quarter fiscal year 2025 financial results on Thursday, November 7, 2024, at 6:00 am ET. The company will host a conference call with investors and analysts at 8:00 am ET on the same day to discuss the results and answer questions. Interested parties can access the call via teleconference or through a live webcast on Haemonetics' investor relations website. Registration is required for the teleconference, and participants are advised to join 10 minutes before the event start. A replay of the conference call and webcast will be available for one year starting from November 7, 2024, at 11:00 am ET.

Haemonetics (NYSE: HAE) has announced the full market release of its VASCADE MVP® XL mid-bore venous closure system in the United States. This new addition to the VASCADE® portfolio features:

- 58% more collagen and a larger disc than the VASCADE MVP® system
- Designed for procedures requiring 10-12F sheaths (up to 15F in outer diameter)
- Suitable for cryoablation, Pulsed Field Ablation (PFA), and Left Atrial Appendage Closure (LAAC)

The system has been available in a market release since June 2024, used by approximately 80 physicians at over 30 hospitals. Haemonetics aims to expand indications for larger access points through ongoing clinical trials.

Haemonetics (NYSE: HAE) has announced the availability of its first quarter fiscal year 2025 financial results on its Investor Relations website. The company will host a conference call and webcast on August 8, 2024, at 8:00 a.m. ET to discuss the results with investors and analysts. Participants can access the call via a teleconference link or a live webcast. The earnings release referenced during the call is also available on the company's website. A replay of the conference call and webcast will be accessible for one year starting from August 8, 2024, at 11:00 a.m. ET.

Haemonetics (NYSE: HAE) has announced CE Mark certification and the first commercial European procedures for its SavvyWire® Pre-Shaped Pressure Guidewire. This innovative device is the world's first 3-in-1 solution for Transcatheter Aortic Valve Implantation (TAVI), offering improved procedural efficiency through predictable wire performance, hemodynamic measurement, and left-ventricular pacing capabilities.

The certification allows Haemonetics to enter EU markets and other regions recognizing CE marking. The first commercial European procedures were performed in France and The Netherlands. The SavvyWire guidewire reduces procedural device exchanges, provides stable aortic valve delivery, and enables continuous cardiac hemodynamic monitoring. It also allows for reliable LV pacing without additional devices or venous access.

Haemonetics (NYSE: HAE) announced it will publish its first quarter fiscal year 2025 financial results on August 8, 2024, at 6:00 am ET. The company has scheduled a conference call with investors and analysts at 8:00 am ET the same day to discuss the results and answer questions. Participants can access the call via teleconference upon registration, where they will receive a personalized PIN. It is recommended to join 10 minutes before the call starts. A live webcast will be available on Haemonetics' investor relations website, with a replay accessible for one year starting at 11:00 am ET on August 8, 2024.

Haemonetics (NYSE: HAE) has launched a market release of its new VASCADE MVP XL, a mid-bore venous closure device. This device is an extension of the VASCADE portfolio, featuring a collapsible disc and a resorbable collagen patch for rapid hemostasis. The VASCADE MVP XL system utilizes 58% more collagen and is designed for larger procedural sheaths up to 15F in outer diameter. It targets procedures like cryoablation and left atrial appendage closure for atrial fibrillation patients. The device has received pre-market approval from the FDA and the first procedure has been successfully performed by Dr. Tom McElderry at the University of Alabama at Birmingham. Haemonetics aims to capture a share of the $2.7 billion vascular closure market and plans a full market release later this year.

Haemonetics has announced the pricing of an upsized private placement of $600 million in 2.50% Convertible Senior Notes due 2029. The offering size increased from the previously announced $525 million. The notes are senior, unsecured obligations maturing on June 1, 2029, with a conversion price of $117.12 per share, a 30% premium over the last reported sale price. The net proceeds, estimated at $584.8 million, will be used to pay for capped call transactions, repurchase $200 million of 2026 notes, repay a $230 million revolving credit facility, and for other general purposes. Haemonetics has also granted an option to the initial purchasers to buy an additional $100 million in notes. The offering is expected to close on May 28, 2024.

On May 21, 2024, Haemonetics announced its plan to offer $525 million in Convertible Senior Notes due 2029 in a private offering to qualified institutional buyers.

An additional $75 million in notes may be offered if initial purchasers exercise their option. The notes will be senior, unsecured, and accrue interest semi-annually, to be settled in cash or common stock upon conversion.

Proceeds will fund capped call transactions to offset dilution and support general corporate purposes, potentially influencing the market price of Haemonetics' stock.

Haemonetics (NYSE: HAE) released its financial results for the fourth quarter and fiscal year 2024, accessible on its Investor Relations website. The company will host a conference call and webcast to discuss the results. Links to the earnings release and analytical tables are available on the website.