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0 0 0.0441767068273092 0.0522088353413654 0.0722891566265059 0.0682730923694779 0.0441767068273092 0.0682730923694779
Stock impact report

Harvard Bioscience Announces Strategic Action Plan and Financial Targets

Harvard Bioscience, Inc. (HBIO) 
Last harvard bioscience, inc. earnings: 2/26 07:15 am Check Earnings Report
US:NASDAQ Investor Relations: investor.harvardbioscience.com
Company Research Source: GlobeNewswire
HOLLISTON, Mass., Sept. 09, 2019 (GLOBE NEWSWIRE) -- Harvard Bioscience, Inc. (Nasdaq: HBIO) today announces its strategic action plan and financial targets for rest of year 2019 through 2021. Key strategic actions and financial targets to position Harvard Bioscience for long-term profitable growth:              Strategic Action Timing•Stabilize business and complete leadership team2019•Refinance debt and reduce interest expense2019•Improve margins through consolidations, reduced COGS and operating expenses2019 & 2020•Optimize manufacturing and supply chain2019 & 2020•Reenergize and refocus sales operations2019 & 2020•Rationalize product portfolio and pricing2019 & 2020•Pay down debt and reduce leverage ratio to 2020•Disciplined return to opportunistic acquisitions2021                                                                                                          Non-GAAP Financial Targets   •2019: Meet existing guidance•2nd half of 2020: Modest organic revenue growth; 58% Show less Read more
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