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Hain Celestial Group Inc (HAIN) SEC Filing 10-K Annual report for the fiscal year ending Saturday, June 30, 2018

Hain Celestial Group Inc

CIK: 910406 Ticker: HAIN

Exhibit 99.1

haincelestialnewlogoa01a23.jpg

Hain Celestial Reports Fourth Quarter and Fiscal Year 2018 Financial Results


Provides Fiscal Year 2019 Guidance for Net Sales of $2.500 Billion to $2.560 Billion Adjusted EBITDA of $275 Million to $300 Million

Lake Success, NY, August 28, 2018 - The Hain Celestial Group, Inc. (Nasdaq: HAIN) (“Hain Celestial” or the “Company”), a leading organic and natural products company with operations in North America, Europe, Asia and the Middle East providing consumers with A Healthier Way of Life™, today reported financial results for the fourth quarter and fiscal year ended June 30, 2018. The results contained herein are presented with the Hain Pure Protein operating segment being treated as a discontinued operation given the Company’s previously announced decision to divest the business, which is expected to be completed during the first half of fiscal year 2019.
“We continued to execute on our global strategic objectives, with marketing investments in our core brands and incremental savings and productivity through Project Terra, although a number of cost and operational headwinds in the United States impacted our consolidated annual results,” said Irwin D. Simon, Founder, President and Chief Executive Officer of Hain Celestial. “Our top priorities in fiscal year 2019 are to return our United States business to growth and to generate increased profitability. We remain optimistic that the aggressive strategic changes and investments in our go-to-market strategy will fuel our future results and value for our stockholders.”

FINANCIAL HIGHLIGHTS1 
 
Summary of Fourth Quarter Results from Continuing Operations2 

Net sales increased 3% to $619.6 million compared to the prior year period, or a 1% decrease on a constant currency basis, primarily reflecting low double digit net sales increases from the United Kingdom and Rest of World reporting segments, which includes the Canada and Europe operating segments, partially offset by a mid-single digit net sales decrease from the United States reporting segment. When adjusted for Foreign Exchange and Acquisitions, Divestitures and certain other items, including the 2017 and 2018 Project Terra Stock Keeping Unit (“SKU”) rationalization3, net sales would have increased 3% compared to the prior year period.
Gross margin of 20.2%, a 370 basis point decrease over the prior year period; adjusted gross margin of 21.1%, a 290 basis point decrease over the prior year period as a result of higher trade and promotional investments in the United States and increased freight and commodity costs.
Operating income of $16.6 million, an increase of $9.4 million over the prior year period; adjusted operating income of $44.5 million, a $21.3 million decrease over the prior year period.
Net loss of $4.6 million, a $3.1 million increase in net loss over the prior year period; adjusted net income of $27.7 million, a $14.8 million decrease over the prior year period.
EBITDA of $45.8 million, a 41% decrease over the prior year period; Adjusted EBITDA of $61.4 million, a 25% decrease over the prior year period.
Earnings per diluted share (“EPS”) loss of $0.04 compared to an EPS loss of $0.01 in the prior year period; Adjusted EPS of $0.27 compared to $0.41 in the prior year period.

1 This press release includes certain nonGAAP financial measures, which are intended to supplement, not substitute for, comparable GAAP financial measures. Reconciliations of nonGAAP financial measures to GAAP financial measures are provided herein in the tables "Reconciliation of GAAP Results to Non-GAAP Measures".
2 Unless otherwise noted all results included in this press release are from continuing operations.
3 Refer to “Net Sales Growth at Constant Currency and Adjusted for Acquisitions, Divestitures and Other” provided herein.


The Hain Celestial Group, Inc. • 1111 Marcus Avenue • Lake Success, NY 11042
516-587-5000 • www.hain.com


The following information was filed by Hain Celestial Group Inc (HAIN) on Tuesday, August 28, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Hain Celestial Group Inc's 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Schedule Ii - Valuation And Qualifying Accounts
Schedule Ii - Valuation And Qualifying Accounts (Details)
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statement Of Stockholders' Equity
Consolidated Statement Of Stockholders' Equity (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income (Loss)
Consolidated Statements Of Income
Accrued Expenses And Other Current Liabilities
Accrued Expenses And Other Current Liabilities (Details)
Accrued Expenses And Other Current Liabilities (Tables)
Acquisitions
Acquisitions (Fiscal 2016) (Narrative) (Details)
Acquisitions (Fiscal 2017) (Narrative) (Details)
Acquisitions (Fiscal 2018) (Narrative) (Details)
Acquisitions (Pro Forma Results) (Details)
Acquisitions (Tables)
Chief Executive Officer Succession Plan
Chief Executive Officer Succession Plan (Details)
Commitments And Contingencies
Commitments And Contingencies (Legal Proceedings) (Details)
Commitments And Contingencies (Operating Lease Future Minimum Payments) (Details)
Commitments And Contingencies (Tables)
Debt And Borrowings
Debt And Borrowings (Components Of Debt) (Details)
Debt And Borrowings (Maturities Of Debt Instruments) (Details)
Debt And Borrowings (Narrative) (Details)
Debt And Borrowings Debt And Borrowings (Tables)
Defined Contribution Plans
Defined Contribution Plans (Details)
Description Of Business And Basis Of Presentation
Description Of Business And Basis Of Presentation (Details)
Discontinued Operations
Discontinued Operations (Balance Sheet) (Details)
Discontinued Operations (Narrative) (Details)
Discontinued Operations (Statements Of Operations) (Details)
Discontinued Operations (Tables)
Earnings Per Share
Earnings Per Share (Computation Of Basic And Diluted Earnings Per Share) (Details)
Earnings Per Share (Narrative) (Details)
Earnings Per Share (Tables)
Financial Instruments Measured At Fair Value
Financial Instruments Measured At Fair Value (Assets And Liabilities Measured At Fair Value On A Recurring Basis) (Details)
Financial Instruments Measured At Fair Value (Narrative) (Details)
Financial Instruments Measured At Fair Value (Summary Of Level 3 Activity) (Details)
Financial Instruments Measured At Fair Value (Tables)
Goodwill And Other Intangible Assets
Goodwill And Other Intangible Assets (Amortization Expense) (Details)
Goodwill And Other Intangible Assets (Changes In Carrying Amount Of Goodwill) (Details)
Goodwill And Other Intangible Assets (Components Of Other Intangible Assets) (Details)
Goodwill And Other Intangible Assets (Expected Amortization Expense Over Next Five Fiscal Years) (Details)
Goodwill And Other Intangible Assets (Narrative) (Details)
Goodwill And Other Intangible Assets (Tables)
Income Taxes
Income Taxes (Changes In Valuation Allowances) (Details)
Income Taxes (Components Of Deferred Tax Assets And Liabilities) (Details)
Income Taxes (Components Of Income Before Income Taxes) (Details)
Income Taxes (Narrative) (Details)
Income Taxes (Provision For Income Taxes) (Details)
Income Taxes (Reconciliation Of Expected Income Taxes) (Details)
Income Taxes (Tables)
Income Taxes (Unrecognized Tax Benefits Activity) (Details)
Inventories
Inventories (Details)
Inventories (Tables)
Investments And Joint Ventures
Investments And Joint Ventures (Available For Sale Securities) (Details)
Investments And Joint Ventures (Equity Method Investments) (Details)
Property, Plant And Equipment, Net
Property, Plant And Equipment, Net (Details)
Property, Plant And Equipment, Net (Narrative) (Details)
Property, Plant And Equipment, Net (Tables)
Quarterly Financial Data (Unaudited)
Quarterly Financial Data (Unaudited) (Narrative) (Details)
Quarterly Financial Data (Unaudited) (Schedule Of Quarterly Data) (Details)
Quarterly Financial Data (Unaudited) (Tables)
Segment Information
Segment Information (Long-Lived Assets) (Details)
Segment Information (Narrative) (Details)
Segment Information (Net Sales) (Details)
Segment Information (Segment Data) (Details)
Segment Information (Tables)
Stock-Based Compensation And Incentive Performance Plans
Stock-Based Compensation And Incentive Performance Plans (Compensation Cost And Related Income Tax Benefits Recognized) (Details)
Stock-Based Compensation And Incentive Performance Plans (Non-Vested Restricted Stock And Restricted Share Unit Awards) (Details)
Stock-Based Compensation And Incentive Performance Plans (Other Narrative) (Details)
Stock-Based Compensation And Incentive Performance Plans (Restricted Stock Grant Information) (Details)
Stock-Based Compensation And Incentive Performance Plans (Schedule Of Cash Proceeds Received From Share-Based Payment Awards) (Details)
Stock-Based Compensation And Incentive Performance Plans (Stock Plans Narrative) (Details)
Stock-Based Compensation And Incentive Performance Plans (Summary Of Stock Option Activity) (Details)
Stock-Based Compensation And Incentive Performance Plans (Tables)
Stockholders' Equity
Stockholders' Equity (Accumulated Other Comprehensive Loss) (Details)
Stockholders' Equity (Narrative) (Details)
Stockholders' Equity (Tables)
Summary Of Significant Accounting Policies And Practices
Summary Of Significant Accounting Policies And Practices (Narrative) (Details)
Summary Of Significant Accounting Policies And Practices (Newly Adopted Accounting Pronouncements) (Details)
Summary Of Significant Accounting Policies And Practices (Policies)
Summary Of Significant Accounting Policies And Practices (Ppe Useful Life) (Details)
Summary Of Significant Accounting Policies And Practices (Tables)
Summary Of Significant Accounting Policies And Practices (Valuation Of Accounts And Chargebacks Receivable And Concentration Of Credit Risk) (Details)
Ticker: HAIN
CIK: 910406
Form Type: 10-K Annual Report
Accession Number: 0000910406-18-000061
Submitted to the SEC: Wed Aug 29 2018 4:52:19 PM EST
Accepted by the SEC: Wed Aug 29 2018
Period: Saturday, June 30, 2018
Industry: Food And Kindred Products

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