AVANOS MEDICAL, INC.
Business
Avanos Medical is a medical technology company that develops, manufactures and markets medical device solutions across two segments: Specialty Nutrition Systems and Pain Management and Recovery. The company offers enteral feeding tubes (MIC-KEY, Corpak), neonatal solutions (NeoMed), surgical pain pumps (ON-Q, ambIT), cold-compression therapy (Game Ready), and radiofrequency ablation pain therapies (COOLIEF, Trident, ESENTEC). Products are sold globally to hospitals, ambulatory care centers and other healthcare providers through direct sales and third-party distributors, with manufacturing facilities in the United States, Mexico and Canada.
Summary from 10-K filed 2026-02-24
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net Sales | 701 | 688 | 673 | 684 | 587 | |
| Cost of products sold | 347 | 307 | 294 | 290 | 288 | |
| Gross Profit | 354 | 381 | 380 | 394 | 299 | |
| Research and development | 23 | 26 | 27 | 29 | 31 | |
| Selling and general expenses | 316 | 319 | 335 | 327 | 285 | |
| Goodwill and intangibles impairment | 77 | 437 | 0 | 0 | — | |
| Other (income) expense, net | −400,000 | −4 | 13 | 3 | 22 | |
| Operating (Loss) Income | −62 | −396 | 4 | 36 | −39 | |
| Interest income | 3 | 5 | 3 | 1 | 200,000 | |
| Interest expense | −8 | −12 | −15 | −10 | — | |
| Loss Before Income Taxes | −66 | −403 | −8 | 27 | −42 | |
| Income tax (provision) benefit | −7 | 17 | −2 | −5 | 11 | |
| Loss from Continuing Operations | −73 | −386 | −10 | 22 | −31 | |
| Loss from discontinued operations, net of tax | 0 | −6 | −52 | 29 | 37 | |
| Net Loss | −73 | −392 | −62 | 51 | 6 | |
| Continuing operations (in dollars per share) | −1.57 | −8.4 | −0.21 | 0.46 | −0.64 | |
| Discontinued operations (in dollars per share) | 0 | −0.13 | −1.11 | 0.62 | 0.77 | |
| Basic Loss Per Share (in dollars per share) | −1.57 | −8.53 | −1.32 | 1.08 | 0.13 | |
| Continuing operations (in dollars per share) | −1.57 | −8.4 | −0.21 | 0.46 | −0.64 | |
| Discontinued operations (in dollars per share) | 0 | −0.13 | −1.11 | 0.61 | 0.77 | |
| Diluted Loss Per Share (in dollars per share) | −1.57 | −8.53 | −1.32 | 1.07 | 0.13 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 90 | 108 | 88 | 128 | 119 | |
| Accounts receivable, net of allowances | 104 | 133 | 143 | 168 | 131 | |
| Inventories | 148 | 139 | 163 | 132 | 159 | |
| Prepaid and other current assets | 14 | 14 | 29 | 14 | 19 | |
| Total Current Assets | 355 | 393 | 487 | 624 | 428 | |
| Property, Plant and Equipment, net | 113 | 111 | 117 | 119 | 168 | |
| Operating Lease Right-of-Use Assets | 28 | 34 | 27 | 28 | 39 | |
| Goodwill | 395 | 456 | 796 | 760 | 743 | |
| Other Intangible Assets, net | 118 | 112 | 240 | 234 | 141 | |
| Deferred Tax Assets | 33 | 25 | 7 | 5 | 10 | |
| Other Assets | 32 | 23 | 19 | 18 | 17 | |
| TOTAL ASSETS | 1,074 | 1,154 | 1,692 | 1,787 | 1,604 | |
| Current portion of long-term debt | 10 | 9 | 9 | 6 | 0 | |
| Current portion of operating lease liabilities | 8 | 11 | 13 | 12 | 15 | |
| Trade accounts payable | 56 | 54 | 56 | 68 | 56 | |
| Accrued expenses | 91 | 91 | 93 | 98 | 68 | |
| Total Current Liabilities | 165 | 166 | 235 | 191 | 139 | |
| Long-Term Debt | 90 | 125 | 159 | 226 | 130 | |
| Operating Lease Liabilities | 20 | 25 | 28 | 33 | 43 | |
| Deferred Tax Liabilities | 6 | 6 | 24 | 25 | 12 | |
| Other Long-Term Liabilities | 14 | 4 | 10 | 21 | 9 | |
| Total Liabilities | 296 | 326 | 456 | 496 | 333 | |
| Commitments and Contingencies | — | — | — | — | — | |
| Preferred stock - $0.01 par value - authorized 20,000,000 shares, none issued | 0 | 0 | 0 | 0 | 0 | |
| Common stock - $0.01 par value - authorized 300,000,000 shares, 46,456,462 outstanding at December 31, 2025 and 45,962,627 outstanding at December 31, 2024 | 500,000 | 500,000 | 500,000 | 500,000 | 500,000 | |
| Additional paid-in capital | 1,692 | 1,679 | 1,664 | 1,646 | 1,629 | |
| Accumulated deficit | −780 | −707 | −315 | −253 | −304 | |
| Treasury stock | −102 | −99 | −86 | −67 | −21 | |
| Accumulated other comprehensive loss | −32 | −45 | −27 | −36 | −34 | |
| Total Stockholders Equity | 778 | 829 | 1,236 | 1,291 | 1,271 | |
| TOTAL LIABILITIES AND STOCKHOLDERS EQUITY | 1,074 | 1,154 | 1,692 | 1,787 | 1,604 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 39 | 46 | 46 | 48 | 38 | |
| Stock-based compensation | 13 | 14 | 16 | 16 | 13 | |
| Loss on RH disposal | 0 | 0 | 71 | 0 | 0 | |
| Net losses on asset dispositions and asset impairments | 9 | 1 | 2 | 1 | — | |
| Accounts receivable | 31 | −7 | 39 | −25 | −11 | |
| Inventories, net of allowance | 200,000 | 39 | 5 | −31 | 16 | |
| Prepaid expenses and other assets | 1 | 15 | −20 | 3 | −2 | |
| Accounts payable | 600,000 | −900,000 | −14 | 35 | −12 | |
| Accrued expenses | −13 | −11 | −28 | −7 | 33 | |
| Deferred income taxes and other | −10 | −39 | −22 | 0 | — | |
| Cash Provided by Operating Activities | 75 | 101 | 32 | 91 | 87 | |
| Capital expenditures | −32 | −18 | −18 | −19 | −21 | |
| Proceeds from the sale of assets | 4 | 0 | 0 | — | — | |
| Proceeds from the RH divestiture | 0 | 0 | 89 | 0 | 0 | |
| Proceeds from RH divestiture post-closing settlement | 0 | 2 | 0 | 0 | — | |
| Acquisition of assets and businesses, net of cash acquired | −28 | 0 | −50 | −116 | 0 | |
| Investments in non-affiliates | −5 | −12 | 0 | 0 | — | |
| Cash (Used in) Provided by Investing Activities | −61 | −28 | 22 | −135 | −21 | |
| Secured debt repayments | −9 | −9 | −5 | −127 | — | |
| Revolving credit facility proceeds | 0 | 20 | 55 | 150 | 20 | |
| Revolving credit facility repayments | −25 | −45 | −115 | −170 | 0 | |
| Purchase of treasury stock | −3 | −13 | −19 | −46 | −12 | |
| Proceeds from the exercise of stock options | 700,000 | 1 | 1 | 2 | — | |
| Payment of contingent consideration liabilities | 0 | −4 | −12 | 0 | 0 | |
| Cash Used in Financing Activities | −37 | −49 | −94 | 57 | −55 | |
| Effect of Exchange Rate Changes on Cash and Cash Equivalents | 5 | −4 | 200,000 | −3 | −4 | |
| (Decrease) Increase in Cash and Cash Equivalents | −18 | 20 | −40 | 9 | 7 | |
| Cash paid for income taxes | 14 | 3 | 24 | −3 | −45 | |
| Cash paid for interest | 7 | 12 | 15 | 8 | 3 | |
| Capital expenditures included in accounts payable or accrued expenses | 2 | 6 | 3 | 4 | 6 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is AVANOS MEDICAL, INC.'s CIK number?
AVANOS MEDICAL, INC.'s SEC CIK number is 0001606498 (1606498). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find AVANOS MEDICAL, INC.'s SEC filings?
All of AVANOS MEDICAL, INC.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did AVANOS MEDICAL, INC. last report earnings?
AVANOS MEDICAL, INC. (AVNS) most recently filed an earnings 8-K with the SEC on May 5, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001606498-26-000061). This is AVANOS MEDICAL, INC.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is AVANOS MEDICAL, INC.'s most recent earnings 8-K?
AVANOS MEDICAL, INC.'s latest earnings 8-K (Item 2.02) was filed May 5, 2026 under accession 0001606498-26-000061. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View AVANOS MEDICAL, INC.'s latest earnings 8-K →
Look up any company's CIK number →