Avanos Medical reports Q1 2026 revenue growth and $1.27B acquisition deal by American Industrial Partners

Avanos Medical posted an 8.8% revenue increase to $182.2 million in Q1 2026, driven by strong growth in its Specialty Nutrition Systems segment. The company earned $0.11 per share diluted, with adjusted earnings per share at $0.22. On April 14, 2026, Avanos announced a definitive agreement to be acquired by American Industrial Partners affiliates for $1.272 billion in cash. Despite a slight decline in net income and cash flow, the acquisition signals confidence in Avanos' strategic direction and market position.