Hain Celestial: Reports Fiscal Q4-2024 Financial Results

Hoboken / NJ. (hc) The Hain Celestial Group Inc., a leading manufacturer of better-for-you brands to inspire healthier living, reported financial results for its fourth quarter and fiscal year ended June 30, 2024.

«Fiscal 2024 was the foundational year of our Hain Reimagined strategy, during which we made substantial progress in simplifying our business and generating fuel. We transitioned to a global operating model, reducing geographic complexity and driving scale, and developed a performance-driven, values-based culture,» said President and Chief Executive Officer Wendy Davidson. «Our fuel initiatives exceeded our targets for fiscal 2024, allowing us to pay down debt, invest in capabilities, and to deliver on our updated full-year guidance. Building on this solid foundation, in fiscal 2025 we will focus on commercial execution to accelerate top- and bottom-line growth. We remain confident in our Hain Reimagined strategy, the strength of our diversified portfolio and geographic footprint, the benefits of our scale model, and our ability to deliver sustainable growth and long-term value to shareholders.»

«We are pleased with our free cash flow generation in fiscal 2024 which came in above our expectations for the year. This strong performance enabled us to reduce net debt by USD 86 million over the course of the year, and drive improvement in our leverage ratio to 3.7x. Reduction in net debt remains a top priority as we progress towards our leverage goal of 2x to 3x by fiscal 2027,» stated Chief Financial Officer Lee Boyce. For additional information please read the Company’s PDF file below (145 KB):

20240827-HAIN-CELESTIAL.