Latest news with #ChrisSimon
Yahoo
05-06-2025
- Business
- Yahoo
HAE Q1 Earnings Call: Revenue Misses Expectations, Margin Expansion and Product Focus Highlighted
Blood products company Haemonetics (NYSE:HAE). fell short of the market's revenue expectations in Q1 CY2025, with sales falling 3.7% year on year to $330.6 million. Its non-GAAP EPS of $1.24 per share was 1.6% above analysts' consensus estimates. Is now the time to buy HAE? Find out in our full research report (it's free). Revenue: $330.6 million (3.7% year-on-year decline) Adjusted EPS: $1.24 vs analyst estimates of $1.22 (1.6% beat) Adjusted EPS guidance for the upcoming financial year 2026 is $4.85 at the midpoint, missing analyst estimates by 1.2% Operating Margin: 21.6%, up from 8.7% in the same quarter last year Organic Revenue was flat year on year (10.2% in the same quarter last year) Market Capitalization: $3.35 billion Haemonetics reported first quarter results marked by revenue declines, but management emphasized the impact of its evolving product portfolio and operational changes. CEO Chris Simon attributed performance to strong growth in the Hospital segment, led by technologies such as TEG and VASCADE, and highlighted the successful divestiture of the Whole Blood business. He noted that expanded adoption of next-generation products, particularly in Plasma technology, contributed to margin improvement. Simon also referenced the company's ongoing focus on higher-margin product categories and operational discipline as factors that contributed to the quarter's profitability, stating, 'Our industry-leading NexSys, TEG and VASCADE technologies continue to propel our growth in attractive markets.' Looking forward, Haemonetics' guidance reflects a cautious outlook as the company anticipates ongoing headwinds from portfolio transitions and external market factors. Management expects organic growth to be driven mainly by increased utilization and share gains in Plasma and Hospital technologies, while acknowledging a potential rebound in collection volumes later in the year. CFO James D'Arecca warned that reported revenue is expected to decline due to the completed Whole Blood divestiture and continued impacts from the CSL contract transition, but emphasized that gross margin expansion and disciplined cost management should support profitability. D'Arecca stated, 'We expect adjusted operating margin to improve by 200 to 300 basis points... supported by continued gains in adjusted gross margin.' Management traced the quarter's performance to a mix of product portfolio shifts, margin expansion, and strategic focus on high-growth segments, while also pointing to contract transitions and market-specific headwinds. Hospital segment momentum: Growth was led by Hospital products, including Blood Management Technologies and Interventional Technologies, with double-digit increases in both franchises. The TEG viscoelastic testing platform saw accelerated adoption, particularly with the launch of the HN cartridge, driving new account openings and transitions from older models. Vascular Closure advances: The VASCADE MVP and MVP XL devices in the Interventional Technologies franchise delivered over 25% growth due to new account openings and increased U.S. and Japanese utilization. However, legacy VASCADE products for coronary and peripheral procedures saw slower growth, which management aims to address through focused sales efforts. Plasma technology adoption: Plasma revenue was buoyed by the adoption of next-generation technologies like Persona and Express Plus, resulting in share gains and increased margins. Management highlighted new multi-year agreements with major collectors, which are expected to continue contributing to growth. Portfolio transformation and divestitures: The completed divestiture of the Whole Blood business enabled resource reallocation to higher-growth, higher-margin areas. This shift contributed to the significant improvement in overall operating margins and supported disciplined capital allocation, including share repurchases. Leadership and organizational changes: The promotions of Roy Galvin to Chief Commercial Officer and Frank Chan to Chief Operating Officer were cited as key steps to strengthen commercial execution and operations, particularly in supporting the Hospital business's long-term growth plans. Haemonetics expects near-term revenue to be shaped by portfolio transitions, while focusing on margin gains and product adoption to drive future growth and profitability. Product utilization and share gains: Management anticipates that growth will be led by increased utilization of existing devices, especially in Plasma and Vascular Closure, supported by recent extended contracts with major plasma collectors. New hospital product launches and technology conversions are expected to offset headwinds in legacy product lines. Margin expansion and cost discipline: The company projects further improvement in operating margins through portfolio mix shifts towards higher-margin products and ongoing cost control measures. Approximately $30 million in savings are expected over the next two years through regional alignment and operational efficiencies. External risks and market headwinds: Haemonetics identified tariff exposure, timing of contract transitions, and softness in the Chinese market as areas of uncertainty. While management expects U.S. and European momentum to offset challenges, external factors could impact both revenue progression and profitability in the coming quarters. In the next few quarters, the StockStory team will monitor (1) the pace of technology adoption and utilization in the Plasma and Hospital segments, (2) execution against targeted improvements in Vascular Closure—especially legacy product turnaround efforts, and (3) margin performance as cost savings and portfolio transformation initiatives take hold. Progress on regulatory approvals and new product launches will also be important milestones. Haemonetics currently trades at a forward P/E ratio of 14.2×. Should you double down or take your chips? The answer lies in our full research report (it's free). The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Tecnoglass (+1,754% five-year return). Find your next big winner with StockStory today. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-05-2025
- Science
- Yahoo
Where to Spot the 2025 Cicada Swarm—Is Your State on the List?
They're back! It's nearly time for periodical cicadas to emerge in parts of the U.S.. These striking-looking insects are worth learning about because—incredibly—they're found nowhere else in the world! Native to eastern North America, periodical cicadas are about an inch long with black bodies, orange-veined wings, and bright red eyes. They're called 'periodical' because they're synchronized developmentally so that most members of the population emerge in one year and then are absent in intervening years. Each year-class, or brood, is designated by a Roman numeral. This year, Brood XIV of the 17-year cicadas is emerging. 'Brood XIV has been hypothesized to be the Brood from which all other 17-year broods have been derived,' says Chris Simon, PhD, senior research scientist, department of ecology and evolutionary biology, at the University of Connecticut. 'It was the first brood documented by European colonists.' Periodical cicadas (Magicicada) can emerge in huge numbers, up to 1.5 million per acre, though densities of tens to hundreds of thousands per acre are more common. Depending on where you live, you may see a lot or none at all this year. 'Many areas where periodical cicadas live have been affected by human habitat clearing, and that's why they're so patchy,' says Simon. Read on to learn more about these harmless and fascinating insects: There are about 150 species of cicadas in the U.S., but only seven have synchronized development to create periodical emergences. The rest are annual cicadas, which we see every year, says Simon. There are three species with 17-year life cycles and four species with have 13-year life cycles. The 17-year species generally found in the North, while the 13-year species generally are found in the South and Midwest. Sometimes, cicadas get off-schedule and emerge a little early or a little late and are called 'stragglers.' After spending five juvenile stages underground for 13 or 17 years, the baby cicadas, or nymphs, tunnel to the surface, hang out on nearby plants for their final molt, wait for their exoskeletons to harden, and then start looking for love. The males begin their (loud!) calling songs. Once mated, the females lay their eggs in branches. The eggs hatch in six to ten weeks, the new nymphs fall to the earth, burrow underground and begin the wait for their emergence in 13 or 17 years. Periodical cicadas emerge when soil temperatures at a depth of 7 to 8 inches reach approximately 64°F, which can be any time from April to June, depending on where you live. Periodical cicadas tend to emerge earlier in southern and lower-elevation locations, says Simon. Once emerged, the adults live for about 4 weeks. The most likely places to see them this year include: Cape Cod, Massachusetts; Eastern Long Island from Deer Park to the William Floyd Parkway; parts of Central Pennsylvania; southwest Ohio; Southeast Indiana, and scattered throughout West Virgininia, Kentucky and TN (but not in the Mississippi Valley; Southwest Virginia, western North Carolina; and North Georgia, North Georgia. No. Cicadas are not locusts, which are a serious agricultural pest in some parts of the world. The inaccurate term 'locust' was first used in the English colonies in 1715, when people compared the emergences with Biblical plagues and the fact the John the Baptist ate locusts. Nope! They do not bite or sting and are not toxic, says Simon. Cicadas also are not known to transmit disease. They may startle you if they accidentally land on you or your pet. But if approached, a cicada just flies away. If handled, both males and females struggle to fly, and males make a loud but harmless buzzing sound. Probably not. Newly-emerged cicadas may hang out on garden plants, such as annuals and perennials, but they'll soon move up into the trees, where females pierce small branches to insert their eggs, says Simon. Fortunately, the damage to trees usually is minor, says Simon. The only exception is very young trees, which may not be able to sustain the same level of injury as established trees. If you have a small or newly-transplanted tree you're concerned about, use netting or cheese cloth to cover it during the emergence. It's not recommended. Even if your dog or cat ingests just a few, there's a choking risk due to the crunchy exoskeletons. And pets that overdo it may experience GI upset, abdominal pain, and vomiting and diarrhea. If you catch your pet noshing on these insects, call your vet ASAP if you have concerns. Help scientists map the emergence by using free mapping apps such as Cicada Safari or iNaturalist. Or simply enjoy this marvelous natural spectacle, especially with your kids! As for the crunchy husks left behind, sweep them up, compost them or leave them for nature to decompose. Then wait for another 13 or 17 years for the next big cicada event! You Might Also Like 70 Impressive Tiny Houses That Maximize Function and Style 30+ Paint Colors That Will Instantly Transform Your Kitchen
News.com.au
01-05-2025
- Science
- News.com.au
Seventeen years later, Brood XIV cicadas emerge in US
The last time these thrumming, red-eyed bugs burrowed out of the ground across America's suburbs and woodlands was the early summer of 2008. Global financial jitters were mounting, iPhones were a luxury item, and George W. Bush was still president. Now, reports from the citizen-science app Cicada Safari show the first insects of Brood XIV -- which emerges every 17 years -- surfacing in the US South. As ground temperatures warm across the North, millions more are expected to follow. Cicadas belong to the insect order Hemiptera, which includes stink bugs, bed bugs, and aphids. But they are often mistaken for locusts, a confusion that dates back to early English settlers who likened the mass emergences to Biblical plagues. Brood XIV itself was first documented in 1634. There are roughly 3,500 species of cicadas globally, many still unnamed. But periodical cicadas -- which emerge en masse after 13 or 17 years -- are unique to the eastern United States, with two additional unrelated species found in northeastern India and Fiji, says Chris Simon, a leading cicada expert at the University of Connecticut. "Everybody's fascinated by them, because you see nothing for 13 or 17 years, and then all of a sudden, your house and car are covered in these insects," Simon told AFP. "This is a marvelous phenomenon that you can take your kids to see and marvel at, watch them come out of their shells and wonder about how they evolved," she added, urging the public to appreciate, not fear them. "The world wouldn't survive without insects." Because their emergence years are staggered, different periodical cicada broods appear in different years. In 2024, a rare "double whammy" occurred when the 13-year Brood XIX overlapped with the 17-year Brood XIII. That's not the case in 2025, but excitement remains high around these mysterious critters, which continue to intrigue scientists -- especially given that the evolutionary logic behind their prime-numbered life cycles remains unresolved. Cicadas are often thought of as "creatures of history," conjuring memories of past life chapters -- what you were doing when this brood last emerged. They spend nearly their entire lives underground, passing through life stages called instars, before tunneling to the surface for a brief few weeks to molt, mate, and die -- while their newly hatched offspring drop from trees and burrow into the soil, beginning the cycle anew. Males produce their deafening mating calls using tymbals, sound-producing membranes on either side of their abdomens, creating a chorus that's been likened to sirens or power tools. They don't bite or sting, and they don't eat solid food in their adult form, though they drink water. Instead, their defense is overwhelming abundance -— swarming in such numbers that they satiate predators like birds, raccoons, foxes, and turtles, playing a crucial role in the ecosystem. But their survival strategy is increasingly challenged by human-caused changes. Widespread deforestation and urbanization have destroyed habitat. And now, climate change is triggering more frequent occurrences of "stragglers" -- cicadas that emerge four years too early or too late, often in numbers too small to survive, which could threaten long term population numbers. Simon added that in areas like the capital Washington, these asynchronous emergences are forming "a patchy mosaic" of overlapping broods. Then there's the political climate. Under President Donald Trump, the federal government has fired scientists en masse and frozen funding for new research. Simon submitted a grant proposal last August to the National Science Foundation for a major genetic study into cicadas' internal clocks -- biological mechanisms that somehow track the passage of years, unlike humans' 24-hour circadian cycles.
Time of India
01-05-2025
- Science
- Time of India
Seventeen years later, Brood XIV cicadas emerge in US
The last time these thrumming, red-eyed bugs burrowed out of the ground across America's suburbs and woodlands was the early summer of 2008. Global financial jitters were mounting, iPhones were a luxury item, and George W Bush was still president. Now, reports from the citizen-science app Cicada Safari show the first insects of Brood XIV, which emerges every 17 years, surfacing in the US South. As ground temperatures warm across the North, millions more are expected to follow. Cicadas belong to the insect order Hemiptera, which includes stink bugs, bed bugs, and aphids. But they are often mistaken for locusts, a confusion that dates back to early English settlers who likened the mass emergences to Biblical plagues. Brood XIV itself was first documented in 1634. There are roughly 3,500 species of cicadas globally, many still unnamed. But periodical cicadas which emerge en masse after 13 or 17 years are unique to the eastern United States, with two additional unrelated species found in northeastern India and Fiji, says Chris Simon, a leading cicada expert at the University of Connecticut. "Everybody's fascinated by them, because you see nothing for 13 or 17 years, and then all of a sudden, your house and car are covered in these insects," Simon told AFP. "This is a marvelous phenomenon that you can take your kids to see and marvel at, watch them come out of their shells and wonder about how they evolved," she added, urging the public to appreciate, not fear them. "The world wouldn't survive without insects." Because their emergence years are staggered, different periodical cicada broods appear in different years. In 2024, a rare "double whammy" occurred when the 13-year Brood XIX overlapped with the 17-year Brood XIII. That's not the case in 2025, but excitement remains high around these mysterious critters, which continue to intrigue scientists -- especially given that the evolutionary logic behind their prime-numbered life cycles remains unresolved. Cicadas are often thought of as "creatures of history," conjuring memories of past life chapters , what you were doing when this brood last emerged. They spend nearly their entire lives underground, passing through life stages called instars, before tunneling to the surface for a brief few weeks to molt, mate, and die -- while their newly hatched offspring drop from trees and burrow into the soil, beginning the cycle anew. Males produce their deafening mating calls using tymbals, sound-producing membranes on either side of their abdomens, creating a chorus that's been likened to sirens or power tools. They don't bite or sting, and they don't eat solid food in their adult form, though they drink water. Instead, their defense is overwhelming abundance swarming in such numbers that they satiate predators like birds, raccoons, foxes, and turtles, playing a crucial role in the ecosystem. But their survival strategy is increasingly challenged by human-caused changes. Widespread deforestation and urbanization have destroyed habitat. And now, climate change is triggering more frequent occurrences of "stragglers" cicadas that emerge four years too early or too late, often in numbers too small to survive, which could threaten long term population numbers. Simon added that in areas like the capital Washington, these asynchronous emergences are forming "a patchy mosaic" of overlapping broods. Then there's the political climate. Under President Donald Trump, the federal government has fired scientists en masse and frozen funding for new research. Simon submitted a grant proposal last August to the National dcience foundation for a major genetic study into cicadas' internal clocks, biological mechanisms that somehow track the passage of years, unlike humans' 24-hour circadian cycles. "Nobody knows what's happening," she said, decrying the current attacks on science.
eNCA
01-05-2025
- Science
- eNCA
Seventeen years later, Brood XIV cicadas emerge in US
WASHINGTON - The last time these thrumming, red-eyed bugs burrowed out of the ground across America's suburbs and woodlands was the early summer of 2008. Global financial jitters were mounting, iPhones were a luxury item, and George W. Bush was still president. Now, reports from the citizen-science app Cicada Safari show the first insects of Brood XIV -- which emerge every 17 years -- surfacing in the US South. As ground temperatures warm across the North, millions more are expected to follow. Cicadas belong to the insect order Hemiptera, which includes stink bugs, bed bugs, and aphids. But they are often mistaken for locusts, a confusion that dates back to early English settlers who likened the mass emergences to Biblical plagues. Brood XIV itself was first documented in 1634. There are roughly 3,500 species of cicadas globally, many still unnamed. But periodical cicadas -- which emerge en masse after 13 or 17 years -- are unique to the eastern United States, with two additional unrelated species found in northeastern India and Fiji, says Chris Simon, a leading cicada expert at the University of Connecticut. "Everybody's fascinated by them, because you see nothing for 13 or 17 years, and then all of a sudden, your house and car are covered in these insects," Simon told AFP. "This is a marvellous phenomenon that you can take your kids to see and marvel at, watch them come out of their shells and wonder about how they evolved," she added, urging the public to appreciate, not fear them. "The world wouldn't survive without insects." Because their emergence years are staggered, different periodical cicada broods appear in different years. In 2024, a rare "double whammy" occurred when the 13-year Brood XIX overlapped with the 17-year Brood XIII. That's not the case in 2025, but excitement remains high around these mysterious critters, which continue to intrigue scientists -- especially given that the evolutionary logic behind their prime-numbered life cycles remains unresolved. Cicadas are often thought of as "creatures of history," conjuring memories of past life chapters -- what you were doing when this brood last emerged. They spend nearly their entire lives underground, passing through life stages called instars, before tunnelling to the surface for a brief few weeks to moult, mate, and die -- while their newly hatched offspring drop from trees and burrow into the soil, beginning the cycle anew. Males produce their deafening mating calls using tymbals, sound-producing membranes on either side of their abdomens, creating a chorus that's been likened to sirens or power tools. They don't bite or sting, and they don't eat solid food in their adult form, though they drink water. Instead, their defence is overwhelming abundance -— swarming in such numbers that they satiate predators like birds, raccoons, foxes, and turtles, playing a crucial role in the ecosystem. But their survival strategy is increasingly challenged by human-caused changes. Widespread deforestation and urbanisation have destroyed habitat. And now, climate change is triggering more frequent occurrences of "stragglers" -- cicadas that emerge four years too early or too late, often in numbers too small to survive, which could threaten long-term population numbers. Simon added that in areas like the capital Washington, these asynchronous emergences are forming "a patchy mosaic" of overlapping broods. Then there's the political climate. Under President Donald Trump, the federal government has fired scientists en masse and frozen funding for new research. Simon submitted a grant proposal last August to the National Science Foundation for a major genetic study into cicadas' internal clocks -- biological mechanisms that somehow track the passage of years, unlike humans' 24-hour circadian cycles. "Nobody knows what's happening," she said, decrying the current attacks on science.
