Hain Celestial: Announces Record Q1/2014 Results

Lake Success / NY. (hc) The Hain Celestial Group Inc., a leading natural and organic products company providing consumers with A Healthy Way of Life, reported record first quarter results for its quarter ended September 30, 2013. Highlights:

  • Record first quarter net sales of 477,5 million USD, a 33 percent increase
  • Record first quarter GAAP earnings per diluted share from continuing operations of 0,57 USD, a 36 percent increase
  • Record adjusted earnings per diluted share from continuing operations of 0,52 USD, a 27 percent increase
  • Adjusted Ebitda of 57,8 million USD, a 42 percent increase

«We are pleased with the strong start to our fiscal year with robust growth globally from numerous brands in our portfolio», said Irwin D. Simon, Founder, President and Chief Executive Officer of Hain Celestial. «We continue to focus on driving sales growth and distribution gains, which, combined with margin enhancement and cost containment, will position us for sustained earnings growth».

First Quarter Fiscal 2014

The Company reported net sales of 477,5 million USD, a 33 percent increase, compared to net sales of 359,8 million USD in the first quarter of fiscal year 2013. Hain Celestial US reported record first quarter sales of 312,0 million USD, a 23 percent increase, including strong sales from brands acquired after the first quarter of fiscal year 2013. In the United Kingdom, Hain Daniels net sales were 114,0 million USD and the Rest of World segment reported net sales of 51,5 million USD. The Company had strong brand contribution across various sales channels. The growth in net sales also resulted from sales of brands also acquired after the first quarter of fiscal year 2013.

For the first quarter, the Company earned income from continuing operations of 27,7 million USD compared to 19,8 million USD in the prior year first quarter, a 40 percent increase and reported earnings per diluted share from continuing operations of 0,57 USD compared to 0,42 USD in the prior year first quarter. Adjusted net income was 25,3 million USD compared to 19,2 million USD in the prior year first quarter, a 32 percent increase and adjusted earnings per diluted share was 0,52 USD compared to 0,41 USD, a 27 percent increase. Adjusted amounts exclude acquisition-related expenses, integration and restructuring charges, factory start-up costs, unrealized currency gains and losses and a net discrete tax benefit.

Fiscal Year 2014 Guidance

The Company reconfirmed its annual guidance for fiscal year 2014 and updated its first half of fiscal year 2014 earnings guidance:

  • Total net sales range of 2,025 billion USD to 2,05 billion USD for fiscal year 2014; an increase of approximately 17 percent as compared to fiscal year 2013.
  • Earnings range of 2,95 USD to 3,05 USD per diluted share for fiscal year 2014; an increase of 16 percent to 20 percent as compared to fiscal year 2013.
  • Earnings range of 1,37 USD to 1,42 USD per diluted share for the first half of fiscal year 2014.
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