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Avanos Medical - AVNS STOCK NEWS

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.

Company Overview

Avanos Medical, Inc. (NYSE: AVNS) is a United States-based medical technology company that focuses on delivering clinically superior medical device solutions. With a clear commitment to addressing critical healthcare needs such as pain management, recovery, and digestive health, the company leverages breakthrough technologies that aid patients in returning to the activities that matter most. By integrating state-of-the-art innovation and robust patient-centric solutions, Avanos Medical stands as a noteworthy participant in the rapidly evolving field of medical device innovation.

Core Business Areas

At its core, Avanos Medical specializes in the development, manufacturing, and marketing of advanced therapeutic devices. The company has refined its commercial operations by combining its Chronic Care and Pain Management franchises into a structured commercial organization centered on two primary divisions:

  • Digestive Health: This division emphasizes life-sustaining nutritional support by providing essential solutions such as neonatal and pediatric feeding systems. Products in this category are designed to offer enhanced safety and efficacy from hospital to home.
  • Pain Management and Recovery: Focused on non-opioid therapeutic alternatives, this segment includes innovative cold compression systems and infusion devices that deliver precise pain management. These solutions are tailored to reduce opioid reliance while supporting patient recovery post-surgery and in chronic care settings.

Innovation and Transformation

Avanos Medical is undergoing a significant transformation designed to refine its product portfolio and enhance operational efficiency. This transformation involves:

  • Investing in breakthrough technologies that improve clinical outcomes.
  • Enhancing manufacturing processes to ensure high-quality standards.
  • Streamlining operations by integrating product categories and reducing redundancies.
  • Strengthening its competitive positioning by focusing on non-opioid therapies and recovery technologies.

The company’s focus on innovative design and efficient production is evident in its recent launch of advanced solutions such as improved feeding tube retention systems and state-of-the-art recovery technologies. These developments underscore Avanos Medical's commitment to clinical excellence and the continuous advancement of patient care solutions.

Global Market Position and Reach

Headquartered in Alpharetta, Georgia, Avanos Medical operates on a global scale, marketing its recognized brands across more than 90 countries. Its expansive distribution network and strong relationships with healthcare providers reinforce its position as a major player in the medical device industry. The company’s ability to adapt to different healthcare environments and regulatory requirements underlines its expertise and commitment to patient safety and quality of care.

Patient-Centric Solutions and Industry Impact

Avanos Medical’s solutions are engineered with the patient in mind. By targeting key healthcare challenges—such as reducing the use of opioids and enhancing recovery processes—the company not only meets clinical needs but also contributes to broader public health objectives. In an industry where treatment efficacy and patient safety are paramount, Avanos Medical’s focus on non-opioid pain management and innovative nutritional support provides clear benefits that resonate across healthcare settings.

Technological Capabilities and Product Portfolio

A significant aspect of Avanos Medical’s strategy involves integrating advanced technology into its product offerings. The company employs innovative systems such as cold compression therapy and combination modalities that merge traditional techniques with new technological advancements. These comprehensive solutions are designed to:

  • Support recovery faster and more effectively.
  • Ensure consistent and accurate delivery of treatment.
  • Enhance clinical performance and patient safety.

This focus on technological integration not only highlights the company’s commitment to research and development but also reinforces its authoritative standing in an increasingly competitive market.

Operational Excellence and Strategic Transformation

The company continues to streamline its business operations under a clearly articulated transformation initiative. By consolidating product portfolios and focusing on its core segments, Avanos Medical aims to optimize operational performance while mitigating risks associated with market fluctuations. Emphasis on cost-management, disciplined spending, and transformational process improvements has been instrumental in securing its competitive edge.

Competitive Landscape

Within the broader medical device industry, Avanos Medical differentiates itself through:

  • A focus on clinically validated, non-opioid treatment alternatives.
  • Strong global brand recognition and extensive market reach.
  • An evolving portfolio that addresses both immediate and long-term healthcare challenges.

The company’s strategic decision to concentrate on high-impact areas such as digestive health and pain management enables it to navigate competitive pressures while continuing to innovate.

Conclusion

In summary, Avanos Medical is a prominent medical technology company committed to delivering breakthrough solutions that address critical healthcare needs. From its patient-centric approach and innovative technological applications to its expansive global operations and focused transformation initiatives, the company demonstrates a robust operational framework and deep industry expertise. Whether through advanced pain management systems or essential nutritional support solutions, Avanos Medical’s offerings are designed to improve clinical outcomes and elevate the standard of patient care worldwide.

Rhea-AI Summary

Avanos Medical, Inc. (NYSE: AVNS) will have CEO Joe Woody present at the Virtual KeyBanc Life Sciences & MedTech Investor Forum on March 23, 2021, at approximately 2 p.m. ET. A live webcast of the presentation can be accessed in the Investors section of Avanos Medical's website, where it will also be archived. Avanos Medical is dedicated to enhancing patient care and reducing opioid use through innovative medical devices.

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Avanos Medical (NYSE: AVNS) announced that Michael Greiner, senior vice president and chief financial officer, will present at the Virtual Raymond James 42nd Annual Institutional Investors Conference on March 1 at approximately 3:50 p.m., ET. A live webcast of the presentation will be available on Avanos' Investors section and archived on their website.

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Avanos Medical reported Q4 2020 net sales of $185 million, down 3% year-over-year, while full-year sales rose 3% to $715 million. The Q4 net loss was $47 million, compared to a loss of $6 million last year. Adjusted net income for the quarter was $13 million, down from $16 million a year ago. The company implemented a restructuring program projected to yield $7 million in annual savings. Notably, the restructuring led to an overall charge of $25-$30 million. Despite pandemic challenges, the company aims for growth and margin improvement in 2021.

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Avanos Medical (NYSE: AVNS) will hold a conference call on Feb. 18, 2021, at 9 a.m. ET, to discuss its fourth quarter and full-year 2020 financial results. A news release detailing these results will be issued before market open that day. The call will be hosted by CEO Joe Woody and CFO Michael Greiner. Investors can join the call by dialing 877-240-5772 or access a live webcast via the Avanos Medical website. A replay will be available starting Feb. 18 at noon ET for one week.

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Avanos Medical (NYSE: AVNS) will have CEO Joe Woody present at the 39th Annual J.P. Morgan Healthcare Conference on January 13, 2021, at approximately 2 p.m. ET. This presentation will be available via a live webcast, including a Q&A session, accessible through the Investors section of Avanos Medical's website and will be archived for later viewing. The company focuses on innovative healthcare solutions aimed at reducing opioid use and improving patient recovery.

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Avanos Medical, Inc. (NYSE: AVNS) will present at two virtual investor conferences in November 2020. The Stifel 2020 Virtual Healthcare Conference will take place on Nov. 18 at 10 a.m. ET, featuring CEO Joe Woody. The Stephens Annual Investment Conference is scheduled for Nov. 19 at 8 a.m. ET, with CFO Michael Greiner speaking. Investors can access webcasts of both presentations on the Investors section of the Avanos Medical website. The company focuses on breakthrough medical device solutions to improve patient quality of life.

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Avanos Medical reported third quarter 2020 net sales of $186 million, an 8% increase year-over-year. The company achieved a net income of $19 million, rebounding from a loss of $12 million last year. Despite challenges from the pandemic, demand for Respiratory Health products drove growth. Adjusted EBITDA was $24 million, slightly down from $25 million a year ago. The company continues to manage expenses effectively while investing in growth. However, it anticipates ongoing uncertainty due to COVID-19's impact on elective procedures.

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Avanos Medical, Inc. (NYSE: AVNS) will hold a conference call on November 3, 2020, at 9 a.m. ET to discuss its third-quarter 2020 financial results. A news release detailing the financial results will be issued prior to the market opening on the same day. The call, hosted by CEO Joe Woody and CFO Michael Greiner, will be accessible via a live webcast on the Avanos Medical website. Replays will be available post-call on the same platform for one week.

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Avanos Medical, Inc. (NYSE: AVNS) has appointed Michelle Scharfenberg as its new senior vice president & chief ethics and compliance officer, effective immediately. With over 20 years of experience in healthcare law and compliance, Scharfenberg is set to lead the company’s Compliance & Ethics program, aligning it with the company’s commitment to ethical operations. Previously, she was vice president and chief compliance officer at Cantel Medical Corporation. CEO Joe Woody emphasized the importance of this role in maintaining Avanos's reputation in the global medical device market.

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Avanos Medical, Inc. (NYSE: AVNS) will present at two virtual investor conferences in September 2020. The first, the Morgan Stanley 18th Annual Global Healthcare Conference, is scheduled for Mon., Sept. 14 at 5 p.m. ET, featuring CEO Joe Woody. The second, the Cantor Virtual Global Healthcare Conference, will take place on Thurs., Sept. 17 at 8 a.m. ET, with CFO Michael Greiner speaking. Webcasts of the presentations will be accessible on the Avanos Medical website's Investors section, and both sessions will be archived for later viewing.

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FAQ

What is the current stock price of Avanos Medical (AVNS)?

The current stock price of Avanos Medical (AVNS) is $12.43 as of April 17, 2025.

What is the market cap of Avanos Medical (AVNS)?

The market cap of Avanos Medical (AVNS) is approximately 570.9M.

What does Avanos Medical do?

Avanos Medical develops, manufactures, and markets innovative medical device solutions focused on pain management, recovery, and digestive health. Their products help patients transition from hospital care to recovery while addressing key clinical needs.

What are the core business areas of Avanos Medical?

The company primarily concentrates on two main segments: Digestive Health, which includes essential nutritional support systems, and Pain Management and Recovery, which features non-opioid, innovative pain therapies and recovery technologies.

How does Avanos Medical maintain its competitive edge in the industry?

Avanos Medical focuses on continuous innovation, integrating advanced technologies into its products, streamlining operations through a comprehensive transformation process, and ensuring global distribution across diverse healthcare markets.

What technologies or therapies is Avanos Medical known for?

The company is recognized for its breakthrough solutions such as advanced cold compression systems, innovative feeding tube retention systems, and infusion devices that deliver non-opioid pain management therapies.

In which markets does Avanos Medical operate?

Headquartered in the United States, Avanos Medical markets its products globally in more than 90 countries, serving diverse healthcare systems and meeting the needs of various patient populations.

How does Avanos Medical address patient safety and recovery?

Through its focus on clinically superior and patient-focused solutions, Avanos Medical designs products that enhance recovery outcomes and reduce reliance on opioids, ensuring safer and more effective patient care.

What is the significance of the company’s transformation process?

The transformation initiative is aimed at consolidating product portfolios, improving operational efficiency, and strategically positioning Avanos Medical to better serve its target markets in both digestive health and pain management.

How do Avanos Medical's products contribute to reducing opioid usage?

By offering innovative, non-opioid therapeutic solutions and advanced recovery systems, the company provides effective alternatives to opioid-based pain management, supporting safer recovery processes for patients.
Avanos Medical

NYSE:AVNS

AVNS Rankings

AVNS Stock Data

570.90M
44.51M
3.22%
95.95%
1.93%
Medical Devices
Orthopedic, Prosthetic & Surgical Appliances & Supplies
Link
United States
ALPHARETTA