
| Exhibit 99.1 | |||||||||||
| Investor Contact | Media Contact | ||||||||||
| Olga Guyette, Director-Investor Relations | Carla Burigatto, VP-Communications | ||||||||||
| (781) 356-9763 | (781) 348-7263 | ||||||||||
| olga.guyette@haemonetics.com | carla.burigatto@haemonetics.com | ||||||||||
| 3rd Quarter 2021 | YTD 2021 | |||||||||||||
| n | Revenue, decrease | $240 million, (7%) | $645 million, (14%) | |||||||||||
| n | Revenue decrease (organic)1 | (6%) | (12%) | |||||||||||
| n | Earnings per diluted share | $0.62 | $1.77 | |||||||||||
| n | Adjusted earnings per diluted share | $0.81 | $1.89 | |||||||||||
| n | Cash flow from operating activities | $66 million | $107 million | |||||||||||
| n | Free cash flow before restructuring & turnaround | $61 million | $99 million | |||||||||||
1 Organic revenue excludes the impact of currency fluctuation, strategic exits of product lines, acquisitions and divestitures. | ||||||||||||||
| ($ millions) | 3rd Quarter 2021 Reported | |||||||
| Plasma | $101.9 | (15.4%) | ||||||
| Hospital | $52.7 | 4.7% | ||||||
| Blood Center | $80.9 | (3.0%) | ||||||
| Net business unit revenue | $235.5 | (7.3%) | ||||||
| Service | $4.9 | (0.1%) | ||||||
| Total net revenue | $240.4 | (7.2%) | ||||||

| 3rd Quarter 2021 Organic | |||||
| Plasma | (13.4%) | ||||
| Hospital | 5.0% | ||||
| Blood Center | (1.4%) | ||||
| Net business unit revenue | (5.7%) | ||||
| Service | (4.3%) | ||||
| Total net revenue | (5.7%) | ||||




| Haemonetics Corporation Financial Summary | ||||||||||||||||||||
| Condensed Consolidated Statements of Income for the Third Quarter of FY21 and FY20 | ||||||||||||||||||||
| (Data in thousands, except per share data) | ||||||||||||||||||||
| 12/26/2020 | 12/28/2019 | % Inc/(Dec) | ||||||||||||||||||
| vs Prior Year | ||||||||||||||||||||
| (unaudited) | ||||||||||||||||||||
| Net revenues | $ | 240,371 | $ | 258,970 | (7.2)% | |||||||||||||||
| Gross profit | 120,257 | 128,050 | (6.1)% | |||||||||||||||||
| R&D | 7,501 | 7,000 | 7.2% | |||||||||||||||||
| S,G&A | 73,446 | 78,267 | (6.2)% | |||||||||||||||||
| Impairment of assets | — | 1,876 | (100.0)% | |||||||||||||||||
| Gains on divestitures | (1,115) | — | n/m | |||||||||||||||||
| Operating expenses | 79,832 | 87,143 | (8.4)% | |||||||||||||||||
| Operating income | 40,425 | 40,907 | (1.2)% | |||||||||||||||||
| Interest and other expense, net | (3,051) | (3,078) | (0.9)% | |||||||||||||||||
| Income before taxes | 37,374 | 37,829 | (1.2)% | |||||||||||||||||
| Tax expense | 5,492 | 7,934 | (30.8)% | |||||||||||||||||
| Net income | $ | 31,882 | $ | 29,895 | 6.6% | |||||||||||||||
| Net income per common share assuming dilution | $ | 0.62 | $ | 0.58 | 6.9% | |||||||||||||||
| Weighted average number of shares: | ||||||||||||||||||||
| Basic | 50,789 | 50,630 | ||||||||||||||||||
| Diluted | 51,363 | 51,638 | ||||||||||||||||||
| Profit Margins: | Inc/(Dec) vs prior year profit margin % | |||||||||||||||||||
| Gross profit | 50.0 | % | 49.4 | % | 0.6% | |||||||||||||||
| R&D | 3.1 | % | 2.7 | % | 0.4% | |||||||||||||||
| S,G&A | 30.6 | % | 30.2 | % | 0.3% | |||||||||||||||
| Operating income | 16.8 | % | 15.8 | % | 1.0% | |||||||||||||||
| Income before taxes | 15.5 | % | 14.6 | % | 0.9% | |||||||||||||||
| Net income | 13.3 | % | 11.5 | % | 1.7% | |||||||||||||||

| Haemonetics Corporation Financial Summary | ||||||||||||||||||||
| Condensed Consolidated Statements of Income for Year-to-Date FY21 and FY20 | ||||||||||||||||||||
| (Data in thousands, except per share data) | ||||||||||||||||||||
| 12/26/2020 | 12/28/2019 | % Inc/(Dec) | ||||||||||||||||||
| vs Prior Year | ||||||||||||||||||||
| (unaudited) | ||||||||||||||||||||
| Net revenues | $ | 645,434 | $ | 749,987 | (13.9)% | |||||||||||||||
| Gross profit | 316,031 | 370,956 | (14.8)% | |||||||||||||||||
| R&D | 22,014 | 21,909 | 0.5% | |||||||||||||||||
| S,G&A | 214,680 | 229,189 | (6.3)% | |||||||||||||||||
| Impairment of assets | 1,028 | 50,597 | (98.0)% | |||||||||||||||||
| Gains on divestitures and sale of assets | (32,613) | (8,083) | n/m | |||||||||||||||||
| Operating expenses | 205,109 | 293,612 | (30.1)% | |||||||||||||||||
| Operating income | 110,922 | 77,344 | 43.4% | |||||||||||||||||
| Interest and other expense, net | (10,612) | (12,152) | (12.7)% | |||||||||||||||||
| Income before taxes | 100,310 | 65,192 | 53.9% | |||||||||||||||||
| Tax expense | 9,800 | 6,290 | 55.8% | |||||||||||||||||
| Net income | $ | 90,510 | $ | 58,902 | 53.7% | |||||||||||||||
| Net income per common share assuming dilution | $ | 1.77 | $ | 1.13 | 56.6% | |||||||||||||||
| Weighted average number of shares: | ||||||||||||||||||||
| Basic | 50,634 | 50,810 | ||||||||||||||||||
| Diluted | 51,234 | 51,995 | ||||||||||||||||||
| Profit Margins: | Inc/(Dec) vs prior year profit margin % | |||||||||||||||||||
| Gross profit | 49.0 | % | 49.5 | % | (0.5)% | |||||||||||||||
| R&D | 3.4 | % | 2.9 | % | 0.5% | |||||||||||||||
| S,G&A | 33.3 | % | 30.6 | % | 2.7% | |||||||||||||||
| Operating income | 17.2 | % | 10.3 | % | 6.9% | |||||||||||||||
| Income before taxes | 15.5 | % | 8.7 | % | 6.8% | |||||||||||||||
| Net income | 14.0 | % | 7.9 | % | 6.2% | |||||||||||||||

| Revenue Analysis for the Third Quarter of FY21 and FY20 | ||||||||||||||||||||||||||||||||||||||||||||
| (Data in thousands) | ||||||||||||||||||||||||||||||||||||||||||||
| Three Months Ended | ||||||||||||||||||||||||||||||||||||||||||||
| 12/26/2020 | 12/28/2019 | Reported growth | Currency impact | Acquisition and Divestitures(1) | Other Strategic Exits(2) | Organic growth | ||||||||||||||||||||||||||||||||||||||
| (unaudited) | ||||||||||||||||||||||||||||||||||||||||||||
| Revenues by business unit | ||||||||||||||||||||||||||||||||||||||||||||
| Plasma | $ | 101,934 | $ | 120,420 | (15.4) | % | 0.2 | % | — | % | (2.2) | % | (13.4) | % | ||||||||||||||||||||||||||||||
| Blood Center | 80,920 | 83,411 | (3.0) | % | 2.7 | % | (4.3) | % | — | % | (1.4) | % | ||||||||||||||||||||||||||||||||
Hospital(3) | 52,651 | 50,266 | 4.7 | % | 1.6 | % | (1.9) | % | — | % | 5.0 | % | ||||||||||||||||||||||||||||||||
| Net business unit revenues | $ | 235,505 | $ | 254,097 | (7.3) | % | 1.2 | % | (1.6) | % | (1.2) | % | (5.7) | % | ||||||||||||||||||||||||||||||
| Service | 4,866 | 4,873 | (0.1) | % | 4.2 | % | — | % | — | % | (4.3) | % | ||||||||||||||||||||||||||||||||
| Total net revenues | $ | 240,371 | $ | 258,970 | (7.2) | % | 1.3 | % | (1.6) | % | (1.2) | % | (5.7) | % | ||||||||||||||||||||||||||||||
(1)Reflects the divestiture impacts of (3.5%) related to the Company’s U.S. blood donor management software solutions assets and (0.8%) related to Inlog Holdings France SAS (“InLog”) in Blood Center. Also reflects the impacts of 1.6% and (3.5%) in Hospital related to the acquisition of enicor GMBH and the divestiture of InLog, respectively. (2) Reflects adjustments to both fiscal 2021 and 2020 Plasma revenue due to certain strategic exits within the liquid solutions business. (3) Hospital revenue includes Hemostasis Management revenue of $28.5 million and $24.7 million for the three months ended December 26, 2020 and December 28, 2019, respectively. Hemostasis Management revenue increased 15.2% in the third quarter of fiscal 2021 as compared with the same period of fiscal 2020. Hemostasis Management revenue increased 11.3%, on an organic basis, in the third quarter of fiscal 2021 as compared with the same period of fiscal 2020. | ||||||||||||||||||||||||||||||||||||||||||||

| Revenue Analysis for the Year-to-Date FY21 and FY20 | ||||||||||||||||||||||||||||||||||||||||||||
| (Data in thousands) | ||||||||||||||||||||||||||||||||||||||||||||
| Nine Months Ended | ||||||||||||||||||||||||||||||||||||||||||||
| 12/26/2020 | 12/28/2019 | Reported growth | Currency impact | Acquisition and Divestitures(1) | Other Strategic Exits(2) | Organic growth | ||||||||||||||||||||||||||||||||||||||
| (unaudited) | ||||||||||||||||||||||||||||||||||||||||||||
| Revenues by business unit | ||||||||||||||||||||||||||||||||||||||||||||
| Plasma | $ | 248,553 | $ | 346,767 | (28.3) | % | — | % | — | % | (2.6) | % | (25.7) | % | ||||||||||||||||||||||||||||||
| Blood Center | 233,622 | 241,196 | (3.1) | % | 2.0 | % | (2.5) | % | — | % | (2.6) | % | ||||||||||||||||||||||||||||||||
Hospital(3) | 148,468 | 147,665 | 0.5 | % | (0.4) | % | (0.2) | % | — | % | 1.1 | % | ||||||||||||||||||||||||||||||||
| Net business unit revenues | $ | 630,643 | $ | 735,628 | (14.3) | % | 0.4 | % | (0.7) | % | (1.6) | % | (12.4) | % | ||||||||||||||||||||||||||||||
| Service | 14,791 | 14,359 | 3.0 | % | 2.6 | % | — | % | — | % | 0.4 | % | ||||||||||||||||||||||||||||||||
| Total net revenues | $ | 645,434 | $ | 749,987 | (13.9) | % | 0.6 | % | (0.7) | % | (1.6) | % | (12.2) | % | ||||||||||||||||||||||||||||||
(1).Reflects the divestiture impacts in Blood Center of (2.2%) related to the Company’s U.S. blood donor management software solutions assets and (0.3%) related to Inlog Holdings France SAS (“InLog”). Also reflects the impacts of 0.9% and (1.1%) in Hospital related to the acquisition of enicor GMBH and the divestiture of InLog, respectively. (2) Reflects adjustments to both fiscal 2021 and 2020 Plasma revenue due to certain strategic exits within the liquid solutions business. Also includes a reduction to fiscal 2020 Plasma revenue of $1.9 million due to an accelerated charge incurred as a result of the divestiture of the Union, South Carolina liquid solutions operation, in order to present revenue on a comparable basis with fiscal 2021. (3) Hospital revenue includes Hemostasis Management revenue of $78.5 million and $73.9 million for the nine months ended December 26, 2020 and December 28, 2019, respectively. Hemostasis Management revenue increased 6.2% in the first nine months of fiscal 2021 as compared with the same period of fiscal 2020. Hemostasis Management revenue increased 5.9%, on an organic basis, in the first nine months of fiscal 2021 as compared with the same period of fiscal 2020. | ||||||||||||||||||||||||||||||||||||||||||||

| Condensed Consolidated Balance Sheets | |||||||||||||||||
| (Data in thousands) | |||||||||||||||||
| As of | |||||||||||||||||
| 12/26/2020 | 3/28/2020 | ||||||||||||||||
| (unaudited) | |||||||||||||||||
| Assets | |||||||||||||||||
| Cash and cash equivalents | $ | 189,002 | $ | 137,311 | |||||||||||||
| Accounts receivable, net | 146,939 | 165,207 | |||||||||||||||
| Inventories, net | 299,710 | 270,276 | |||||||||||||||
| Other current assets | 32,697 | 30,845 | |||||||||||||||
| Total current assets | 668,348 | 603,639 | |||||||||||||||
| Property, plant & equipment, net | 240,009 | 253,399 | |||||||||||||||
| Intangible assets, net | 119,716 | 133,106 | |||||||||||||||
| Goodwill | 215,508 | 210,652 | |||||||||||||||
| Other assets | 74,487 | 66,314 | |||||||||||||||
| Total assets | $ | 1,318,068 | $ | 1,267,110 | |||||||||||||
| Liabilities & Stockholders' Equity | |||||||||||||||||
| Short-term debt & current maturities | $ | 17,055 | $ | 76,980 | |||||||||||||
| Other current liabilities | 177,329 | 197,842 | |||||||||||||||
| Total current liabilities | 194,384 | 274,822 | |||||||||||||||
| Long-term debt | 292,721 | 305,513 | |||||||||||||||
| Other long-term liabilities | 111,811 | 99,666 | |||||||||||||||
| Stockholders' equity | 719,152 | 587,109 | |||||||||||||||
| Total liabilities & stockholders' equity | $ | 1,318,068 | $ | 1,267,110 | |||||||||||||

| Condensed Consolidated Statements of Cash Flows | |||||||||||
| (Data in thousands) | |||||||||||
| Nine Months Ended | |||||||||||
| 12/26/2020 | 12/28/2019 | ||||||||||
| (unaudited) | |||||||||||
| Cash Flows from Operating Activities: | |||||||||||
| Net income | $ | 90,510 | $ | 58,902 | |||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Depreciation and amortization | 62,377 | 81,524 | |||||||||
| Impairment of assets | 1,028 | 50,597 | |||||||||
| Share-based compensation expense | 18,406 | 15,055 | |||||||||
| Deferred tax benefit | (3,953) | (4,747) | |||||||||
| Provision for losses on accounts receivable and inventory | 2,942 | (2,246) | |||||||||
| Gains on divestitures and sale of assets | (32,613) | (8,083) | |||||||||
| Change in other non-cash operating activities | 1,351 | 1,945 | |||||||||
| Change in accounts receivable, net | 18,588 | 13,807 | |||||||||
| Change in inventories, net | (33,728) | (68,251) | |||||||||
| Change in other working capital | (17,650) | (26,692) | |||||||||
| Net cash provided by operating activities | 107,258 | 111,811 | |||||||||
| Cash Flows from Investing Activities: | |||||||||||
| Capital expenditures | (25,408) | (38,112) | |||||||||
| Acquisition | (16,606) | — | |||||||||
| Proceeds from divestitures | 44,587 | 9,808 | |||||||||
| Proceeds from sale of property, plant and equipment | 1,085 | 16,263 | |||||||||
| Net cash provided by (used in) investing activities | 3,658 | (12,041) | |||||||||
| Cash Flows from Financing Activities: | |||||||||||
| Borrowings, net of repayments | (73,125) | 21,250 | |||||||||
| Share repurchases | — | (175,000) | |||||||||
| Proceeds from employee stock programs | 7,850 | 11,080 | |||||||||
| Other | (32) | 90 | |||||||||
| Net cash used in financing activities | (65,307) | (142,580) | |||||||||
| Effect of exchange rates on cash and cash equivalents | 6,082 | (124) | |||||||||
| Net Change in Cash and Cash Equivalents | 51,691 | (42,934) | |||||||||
| Cash and Cash Equivalents at Beginning of the Period | 137,311 | 169,351 | |||||||||
| Cash and Cash Equivalents at End of Period | $ | 189,002 | $ | 126,417 | |||||||
| Free Cash Flow Reconciliation: | |||||||||||
| Cash provided by operating activities | $ | 107,258 | $ | 111,811 | |||||||
| Capital expenditures, net of proceeds from sale of property, plant and equipment | (24,323) | (21,849) | |||||||||
| Free cash flow after restructuring and turnaround costs | 82,935 | 89,962 | |||||||||
| Restructuring and turnaround costs | 20,596 | 10,564 | |||||||||
| Tax benefit on restructuring and turnaround costs | (4,424) | (5,339) | |||||||||
Free cash flow before restructuring and turnaround costs(1) | $ | 99,107 | $ | 95,187 | |||||||
(1)Free cash flow before restructuring & turnaround does not include net cash proceeds of $15.0 million from the sale of the Company’s Braintree corporate headquarters during the nine months ended December 28, 2019. | |||||||||||

| Reconciliation of Adjusted Measures for the Third Quarter of FY21 and FY20 | |||||||||||
| (Data in thousands except per share data) | |||||||||||
| Three Months Ended | |||||||||||
| 12/26/2020 | 12/28/2019 | ||||||||||
| (unaudited) | |||||||||||
| GAAP gross profit | $ | 120,257 | $ | 128,050 | |||||||
| Restructuring and turnaround costs | 2,355 | 1,116 | |||||||||
| PCS2 accelerated depreciation and related costs | 952 | 5,805 | |||||||||
| Adjusted gross profit | $ | 123,564 | $ | 134,971 | |||||||
| GAAP operating expenses | $ | 79,832 | $ | 87,143 | |||||||
| Deal amortization | (7,805) | (5,772) | |||||||||
| Restructuring and turnaround costs | (788) | (6,682) | |||||||||
| European Medical Device Regulation costs | (1,207) | (448) | |||||||||
| PCS2 accelerated depreciation and related costs | (194) | (844) | |||||||||
| Gains on divestitures | 1,115 | — | |||||||||
| Adjusted operating expenses | $ | 70,953 | $ | 73,397 | |||||||
| GAAP operating income | $ | 40,425 | $ | 40,907 | |||||||
| Deal amortization | 7,805 | 5,772 | |||||||||
| Restructuring and turnaround costs | 3,143 | 7,798 | |||||||||
| PCS2 accelerated depreciation and related costs | 1,146 | 6,649 | |||||||||
| European Medical Device Regulation costs | 1,207 | 448 | |||||||||
| Gains on divestitures | (1,115) | — | |||||||||
| Adjusted operating income | $ | 52,611 | $ | 61,574 | |||||||
| GAAP net income | $ | 31,882 | $ | 29,895 | |||||||
| Deal amortization | 7,805 | 5,772 | |||||||||
| Restructuring and turnaround costs | 3,143 | 7,798 | |||||||||
| PCS2 accelerated depreciation and related costs | 1,146 | 6,649 | |||||||||
| European Medical Device Regulation costs | 1,207 | 448 | |||||||||
| Gains on divestitures | (1,115) | — | |||||||||
| Tax impact associated with adjustments | (2,623) | (2,064) | |||||||||
| Adjusted net income | $ | 41,445 | $ | 48,498 | |||||||
GAAP net income per diluted common share | $ | 0.62 | $ | 0.58 | |||||||
| Adjusted items after tax per common share assuming dilution | 0.19 | 0.36 | |||||||||
Adjusted net income per common share assuming dilution | $ | 0.81 | $ | 0.94 | |||||||

| Reconciliation of Adjusted Measures for Year-to-Date FY21 and FY20 | |||||||||||
| (Data in thousands except per share data) | |||||||||||
| Nine Months Ended | |||||||||||
| 12/26/2020 | 12/28/2019 | ||||||||||
| (unaudited) | |||||||||||
| GAAP gross profit | $ | 316,031 | $ | 370,956 | |||||||
| Restructuring and turnaround costs | 6,839 | 1,726 | |||||||||
| PCS2 accelerated depreciation and related costs | 2,184 | 16,316 | |||||||||
| Transaction costs | 90 | — | |||||||||
Impairment of assets and other related charges (1) | — | 1,882 | |||||||||
| Adjusted gross profit | $ | 325,144 | $ | 390,880 | |||||||
| GAAP operating expenses | $ | 205,109 | $ | 293,612 | |||||||
| Deal amortization | (24,204) | (17,681) | |||||||||
| Restructuring and turnaround costs | (4,744) | (11,856) | |||||||||
| Transaction costs | (2,973) | — | |||||||||
European Medical Device Regulation costs and other (2) | (2,696) | (304) | |||||||||
| PCS2 accelerated depreciation and related costs | (1,148) | (2,392) | |||||||||
| Impairment of assets and other related charges | (896) | (49,338) | |||||||||
Gains on divestitures and sale of assets(3) | 32,613 | 8,083 | |||||||||
| Adjusted operating expenses | $ | 201,061 | $ | 220,124 | |||||||
| GAAP operating income | $ | 110,922 | $ | 77,344 | |||||||
| Deal amortization | 24,204 | 17,681 | |||||||||
| Restructuring and turnaround costs | 11,583 | 13,582 | |||||||||
| Transaction costs | 3,063 | — | |||||||||
| PCS2 accelerated depreciation and related costs | 3,332 | 18,708 | |||||||||
European Medical Device Regulation costs and other (2) | 2,696 | 304 | |||||||||
Impairment of assets and other related charges(1) | 896 | 51,220 | |||||||||
Gains on divestitures and sale of assets(3) | (32,613) | (8,083) | |||||||||
| Adjusted operating income | $ | 124,083 | $ | 170,756 | |||||||
| GAAP net income | $ | 90,510 | $ | 58,902 | |||||||
| Deal amortization | 24,204 | 17,681 | |||||||||
| Restructuring and turnaround costs | 11,583 | 13,582 | |||||||||
| Transaction costs | 3,063 | — | |||||||||
| PCS2 accelerated depreciation and related costs | 3,332 | 18,708 | |||||||||
European Medical Device Regulation costs and other (2) | 2,696 | 304 | |||||||||
Impairment of assets and other related charges(1) | 896 | 51,220 | |||||||||
Gains on divestitures and sale of assets(3) | (32,613) | (8,083) | |||||||||
| Tax impact associated with adjustments | (6,864) | (16,431) | |||||||||
| Adjusted net income | $ | 96,807 | $ | 135,883 | |||||||
GAAP net income per diluted common share | $ | 1.77 | $ | 1.13 | |||||||
| Adjusted items after tax per common share assuming dilution | 0.12 | 1.48 | |||||||||
Adjusted net income per common share assuming dilution | $ | 1.89 | $ | 2.61 | |||||||
(1) Includes a $1.9 million adjustment to fiscal 2020 Plasma revenue due to an accelerated charge incurred as a result of the divestiture of the Union, South Carolina liquid solutions operations. (2) Reflects costs incurred related to the European Medical Device Regulation in both fiscal 2021 and 2020 and costs related to the resolution of customer damages assessments associated with product recalls in fiscal 2020. (3) Reflects gains on divestitures in fiscal 2021 and the gain on the sale of the Company's Braintree corporate headquarters in fiscal 2020. | |||||||||||