A Clear Vision for Avanos: Purpose, Focus and Growth in 2026 and Beyond

As we begin 2026, I'm energized by the momentum building across Avanos and by the clarity we have around where we're headed.

Healthcare continues to evolve at a rapid pace. Expectations are rising, complexity is increasing, and the need for focused, patient-centered innovation has never been greater. I see this moment not as a challenge, but as an opportunity to sharpen our strategy, strengthen our foundation, and accelerate our impact.

A Strong Foundation for the Future

Late last year, our senior leadership team came together to align on our long-term vision and the priorities that will guide Avanos forward. That work resulted in a clear framework for how we operate, how we grow, and how we create value.

At the center of everything we do is our Purpose: Getting patients back to what matters. This purpose is simple, but powerful. It keeps us grounded in why our work matters, not just to the business, but to the patients and families who rely on our products every day.

How We Show Up Matters

Purpose alone isn't enough. How we show up for patients, customers, partners, and each other is just as important. That's why our One Avanos Values - Accountability, Caring, Efficiency, Purposeful Innovation, and Global Collaboration - are so critical. These values define the culture we're building and the standards we hold ourselves to. They guide how we partner with customers, support one another, and innovate responsibly in a complex global healthcare environment.

An Ambitious and Focused Vision for Growth

With this strong foundation in place, our Vision is clear and ambitious: to grow Avanos to $1B in revenue by 2030. We plan to achieve this through focused growth, strategic expansion, disciplined execution, and purposeful innovation, concentrating our efforts where we can make the greatest difference for patients while delivering sustainable value for shareholders.

Turning Strategy into Action

We are executing against five Strategic Imperatives that serve as our shared roadmap. Together, they focus our organization on:

• Accelerating growth in our strategic segments
• Finding synergistic M&A opportunities
• Improving or divesting underperforming assets
• Realizing more operating efficiencies
• Mitigating the impact of tariffs

These priorities ensure that we remain both patient-centered and performance-driven.

Confidence in What's Ahead

Last week, I had the opportunity to share our vision and strategy with the investment community at the J.P. Morgan Healthcare Conference. The dialogue reinforced my confidence that Avanos is well-positioned for the future with a clear strategy, a strong leadership team, and employees around the world committed to execution.

Our road ahead will require focus, accountability, and collaboration, but I am confident in what we can achieve together. The future of Avanos is bright, and we are building it with purpose. Here's to a year of progress, innovation, and meaningful impact for patients, partners, and communities around the world.

As we begin 2026, I'm energized by the momentum building across Avanos and by the clarity we have around where we're headed.

Healthcare continues to evolve at a rapid pace. Expectations are rising, complexity is increasing, and the need for focused, patient-centered innovation has never been greater. I see this moment not as a challenge, but as an opportunity to sharpen our strategy, strengthen our foundation, and accelerate our impact.

A Strong Foundation for the Future

Late last year, our senior leadership team came together to align on our long-term vision and the priorities that will guide Avanos forward. That work resulted in a clear framework for how we operate, how we grow, and how we create value.

At the center of everything we do is our Purpose: Getting patients back to what matters. This purpose is simple, but powerful. It keeps us grounded in why our work matters, not just to the business, but to the patients and families who rely on our products every day.

How We Show Up Matters

Purpose alone isn't enough. How we show up for patients, customers, partners, and each other is just as important. That's why our One Avanos Values - Accountability, Caring, Efficiency, Purposeful Innovation, and Global Collaboration - are so critical. These values define the culture we're building and the standards we hold ourselves to. They guide how we partner with customers, support one another, and innovate responsibly in a complex global healthcare environment.

An Ambitious and Focused Vision for Growth

With this strong foundation in place, our Vision is clear and ambitious: to grow Avanos to $1B in revenue by 2030. We plan to achieve this through focused growth, strategic expansion, disciplined execution, and purposeful innovation, concentrating our efforts where we can make the greatest difference for patients while delivering sustainable value for shareholders.

Turning Strategy into Action

We are executing against five Strategic Imperatives that serve as our shared roadmap. Together, they focus our organization on:

• Accelerating growth in our strategic segments
• Finding synergistic M&A opportunities
• Improving or divesting underperforming assets
• Realizing more operating efficiencies
• Mitigating the impact of tariffs

These priorities ensure that we remain both patient-centered and performance-driven.

Confidence in What's Ahead

Last week, I had the opportunity to share our vision and strategy with the investment community at the J.P. Morgan Healthcare Conference. The dialogue reinforced my confidence that Avanos is well-positioned for the future with a clear strategy, a strong leadership team, and employees around the world committed to execution.

Our road ahead will require focus, accountability, and collaboration, but I am confident in what we can achieve together. The future of Avanos is bright, and we are building it with purpose. Here's to a year of progress, innovation, and meaningful impact for patients, partners, and communities around the world.