Exhibit 99.1
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Olga Guyette, Director-Investor RelationsCarla Burigatto, VP-Communications
(781) 356-9763(781) 348-7263

Haemonetics Reports 4th Quarter and Fiscal 2020 Results;
Provides Update on Business Continuity and Impacts from COVID-19

Boston, MA, May 5, 2020 - Haemonetics Corporation (NYSE: HAE) reported financial results for its fourth quarter and fiscal 2020, which ended March 28, 2020:
4th Quarter 2020Fiscal 2020
Revenue, decrease / increase$238 million, (4%)$988 million, 2%
Revenue increase (organic)1
Earnings per diluted share$0.34$1.48
Adjusted earnings per diluted share$0.69$3.31
Cash flow from operating activities$46 million$158 million
Free cash flow before restructuring & turnaround2
$44 million$139 million
1Organic growth excludes the impact of currency fluctuation, fiscal 2019 OrthoPAT® revenue due to the product end of life in Hospital and certain strategic exits within our plasma liquids solutions business.
2Free 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 in the second quarter of fiscal 2020.

Chris Simon, Haemonetics’ CEO, stated: “The positive finish to fiscal 2020 is evidence that the steps we have taken over the past four years have strengthened Haemonetics to improve our trajectory. Our response to the COVID-19 pandemic speaks to our commitment to support our healthcare customers. Our robust product portfolio and strong financial health position us to adapt to changing market conditions, drive results, complete our turnaround and accelerate transformational growth.”


Fourth quarter fiscal 2020 revenue was $238.5 million, down 4.3%, and fiscal 2020 revenue was $988.5 million, up 2.2%, compared with the same periods of fiscal 2019. Business unit revenue and growth rates compared with the same periods of the prior year were as follows:

The following information was filed by Haemonetics Corp (HAE) on Tuesday, May 5, 2020 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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