Welcome to our dedicated page for Avanos Medical news (Ticker: $AVNS), a resource for investors and traders seeking the latest updates and insights on Avanos Medical stock.
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Avanos Medical, Inc. has appointed Sig Delgado as Senior Vice President, Integrated Supply Chain. Delgado, with over 20 years of experience in manufacturing and supply chain in the medical device industry, will lead the continuous improvement efforts in the company's global supply chain. His expertise will play a important role in achieving the company's transformation goals and enhancing its existing foundation in this area.
Avanos Medical, Inc. announced their first quarter 2024 financial results, showing positive growth in net sales, income, and earnings per share. The company highlighted progress in their transformation initiative, margin expansion targets, and growth objectives in various portfolios. Despite a decrease in gross margin due to transformation costs, Avanos reported an increase in adjusted EBITDA and operating profit. The company also provided a 2024 outlook with revenue estimates and non-GAAP financial measures.