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Avanos Medical, Inc. is a medical technology company focused on delivering clinically superior medical device solutions that help patients get back to the things that matter. Headquartered in Alpharetta, Georgia, we are committed to addressing some of today s most important healthcare needs, including providing a vital lifeline for nutrition to patients from hospital to home, and reducing the u…
The business is unprofitable at the operating level (-8.78% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue growth slowed to 1.9%, essentially flat. This is a business that needs a catalyst.
Free cash flow declined 48% versus the prior year, cash generation momentum has weakened.
Profitability & Returns
Revenue (TTM)
$716M
▲ +1.9% YoY
Net Income (TTM)
-$74M
▲ +81.4% YoY
Op. Margin
-8.80%
▲ +48.8pp YoY
ROIC
-5.45%
▲ +20.5pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$8M
▼ -48.0% YoY
Op. Cash Flow (TTM)
$37M
▼ -25.8% YoY
Net Debt
$73M
Cash & Equiv.
$66M
5Y CAGR: -0.4%
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