Saturday, May 09, 2015 5:17:09 PM
May 6 2015, 07:33 ET | About: The Hain Celestial Grou... (HAIN) | By: Niloofer Shaikh, SA News Editor
Hain Celestial (NASDAQ:HAIN): FQ3 EPS of $0.45 in-line.
Revenue of $662.74M (+18.9% Y/Y) beats by $8.2M.
Press Release
http://seekingalpha.com/news/2492376-hain-celestial-eps-in-line-beats-on-revenue?auth_param=ano5b:1akjv1l:25242f9900405cd1e27cc67c5af99022&uprof=45#email_link
Hain Celestial Announces Record Third Quarter Fiscal Year 2015 Net Sales and Adjusted Earnings Per Share
Wed May 6, 2015 7:30 AM|PR Newswire | About: HAIN
LAKE SUCCESS, N.Y., May 6, 2015 /PRNewswire/ -- The Hain Celestial Group, Inc. (HAIN), a leading organic and natural products company with operations in North America, Europe and India providing consumers with A Healthier Way of Life", today reported results for its third quarter ended March 31, 2015.
photos.prnewswire.com/prnvar/20130502/NY06743LOGO
Third Quarter Performance Highlights
•Record third quarter net sales of $662.7 million, a 19% increase over the prior year period. Foreign exchange rate changes on a year-over-year basis impacted sales by $26 million. Excluding the effect of these exchange rate changes, sales would have been $688.7 million, or a 24% increase over the prior year period.
•Earnings per diluted share of $0.32; adjusted earnings per diluted share of $0.45. Unfavorable foreign currencies impacted reported results by $0.04 per diluted share and by $0.01 per adjusted diluted share.
•Operating income of $60.2 million; adjusted operating income of $77.5 million.
"I am pleased with our third quarter results. We had record third quarter net sales, as the strength of our core brands and contributions from acquisitions helped us to overcome foreign currency impacts to deliver our 18th consecutive year-over-year double digit net sales growth," said Irwin D. Simon, Founder, President and Chief Executive Officer of Hain Celestial. "Our team managed our expenses and focused on productivity improvements to deliver profitable worldwide expansion in the quarter, while we also experienced greater contribution from our Hain Pure Protein Corporation business as consumers today increasingly seek fresh, antibiotic-free and organic proteins to complement their healthy lifestyles."
Third Quarter Fiscal Year 2015
Hain Celestial US reported record third quarter net sales of $343.7 million, an increase of 8%, over the prior year third quarter. In the United Kingdom, net sales were $178.1 million, and the Rest of the World segment reported net sales of $57.8 million, which includes the recently acquired Belvedere International with its Live Clean® brand. The Hain Pure Protein segment (HPPC), which includes the recently acquired Empire® brand of kosher foods, reported net sales of $83.2 million. The Company had strong brand contribution led by double digit growth in constant currency from Sensible Portions®, Tilda®, Ella's Kitchen®, The Greek Gods®, Terra®, Hain Pure Foods®, DeBoles®, Natumi®, Jason® and Avalon Organics®. Net sales of Rudi's Organic Bakery®, Plainville Farms®, FreeBird®, Empire®, Kosher Valley® and Live Clean® brands acquired after the third quarter of fiscal year 2014 also contributed to the growth.
The Company earned net income of $33.4 million and adjusted net income of $46.5 million for the third quarter. Earnings per diluted share for the third quarter were $0.32 and on an adjusted basis were $0.45. Included in reported results for the third quarter is a non-cash partial impairment charge of $5.5 million ($4.4 million after-tax or $0.04 per diluted share) for an intangible asset related to the United Kingdom segment. Refer to Non-GAAP Financial Measures in this press release for adjustments.
Fiscal Year 2015 Guidance
The Company updated its annual net sales guidance for the acquisitions of Belvedere International with its Live Clean® personal care brand and Empire® brands during the third quarter and updated its earnings guidance.
•Total net sales range of $2.692 billion to $2.700 billion; an increase of approximately 25% as compared to fiscal year 2014.
•Earnings range of $1.86 to $1.90 per diluted share; an increase of 17% to 20% as compared to fiscal year 2014.
Guidance is provided for continuing operations on a non-GAAP basis and excludes acquisition-related expenses, integration and restructuring charges, start-up costs, unrealized net foreign currency gains or losses, reserves for litigation settlements and other non-recurring items including any product recalls or market withdrawals that have been or may be incurred during the Company's fiscal year 2015, which the Company will continue to identify as it reports its future financial results. Guidance excludes the impact of any future acquisitions.
Segment Results
The Company's operations are managed into the following segments: United States, United Kingdom, HPPC and Rest of World (comprised of Canada and Continental Europe).
The following is a summary of third quarter and nine month results by reportable segment:
More...
http://seekingalpha.com/pr/13403796-hain-celestial-announces-record-third-quarter-fiscal-year-2015-net-sales-and-adjusted-earnings-per-share
Recent HAIN News
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 09/19/2024 08:18:28 PM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 09/19/2024 08:02:21 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/11/2024 08:03:42 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/11/2024 08:01:32 PM
- Hain Celestial Spices Up Your Fall Pantry with Seasonal, Better-For-You Snacks and Sips • PR Newswire (US) • 09/11/2024 01:02:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/10/2024 08:15:25 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/10/2024 08:13:19 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/10/2024 08:11:31 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/10/2024 08:10:02 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/10/2024 08:08:09 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/05/2024 12:28:06 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/03/2024 08:25:51 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 09/03/2024 08:23:52 PM
- Hain Celestial Completes the Sale of ParmCrisps® Snack Brand to Our Home • PR Newswire (US) • 09/03/2024 01:05:00 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 08/27/2024 08:03:12 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/27/2024 11:10:04 AM
- Hain Celestial Reports Fourth Quarter and Fiscal Year 2024 Financial Results • GlobeNewswire Inc. • 08/27/2024 11:00:00 AM
- U.S. Index Futures Edge Higher, Oil Prices Dip • IH Market News • 08/27/2024 09:37:02 AM
- Hain Celestial Unlocks Fuel For Growth Through Productivity and Sourcing, Cash Management and Operational Efficiencies • PR Newswire (US) • 08/21/2024 12:30:00 PM
- Hain Celestial Unlocks Fuel For Growth Through Productivity and Sourcing, Cash Management and Operational Efficiencies • PR Newswire (US) • 08/21/2024 12:30:00 PM
- Hain Celestial To Participate in Upcoming Investor Conferences • GlobeNewswire Inc. • 08/20/2024 08:15:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/19/2024 12:15:49 PM
- Alison Lewis to Join Hain Celestial Group Board of Directors • PR Newswire (US) • 08/19/2024 12:05:00 PM
- Alison Lewis to Join Hain Celestial Group Board of Directors • PR Newswire (US) • 08/19/2024 12:05:00 PM
- Garden Veggie Snacks™ Sparks Imagination and Fun in New "YUMbelievably Delicious" Campaign • PR Newswire (US) • 08/13/2024 01:02:00 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM