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Hain Celestial Group Inc (HAIN) SEC Filing 10-Q Quarterly report for the period ending Sunday, March 31, 2019

Hain Celestial Group Inc

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CIK: 910406 Ticker: HAIN

Exhibit 99.1
haincelestialnewlogoa01a26.jpg

Hain Celestial Reports Third Quarter Fiscal Year 2019 Financial Results

Transformational Strategic Plan Gaining Traction as Company Reiterates Fiscal Year Guidance

Second Consecutive Quarter of Sequential Margin Improvement

Lake Success, NY, May 9, 2019-
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 third quarter ended March 31, 2019. The results contained herein are presented with the Hain Pure Protein operating segment being treated as a discontinued operation.

“We are encouraged by our third quarter financial results that demonstrate sequential performance improvements in many key areas of our business, and we are on track to achieve our fiscal year 2019 outlook,” commented Mark L. Schiller, Hain Celestial’s President and Chief Executive Officer. “Our team is in the early innings of executing on our transformational strategic plan to simplify our portfolio, strengthen our core capabilities, reinvigorate profitable top-line growth, and expand margins, return-on-invested-capital and cash flow. We remain committed to delivering consistency in our operational and financial results to drive long-term shareholder value.”

FINANCIAL HIGHLIGHTS1 
 
Summary of Third Quarter Results from Continuing Operations2 
•
Net sales decreased 5% to $599.8 million compared to the prior year period.
•
Net sales decreased 2% on a constant currency basis compared to the prior year period.
•
When adjusted for Foreign Exchange and Acquisitions, Divestitures and certain other items, including the Project Terra Stock Keeping Unit (“SKU”) rationalization3, net sales were flat compared to the prior year period.
•
Gross margin of 20.9%, a 10 basis point decrease over the prior year period and a 130 basis point increase from the second quarter of fiscal 2019.
•
Adjusted gross margin of 21.6%, a 140 basis point decrease over the prior year period and a 130 basis point increase from the second quarter of fiscal 2019.
•
Operating income of $23.9 million compared to $29.3 million in the prior year period and an operating loss of $15.4 million in the second quarter of fiscal 2019.
•
Adjusted operating income of $38.9 million compared to $56.0 million in the prior year period and $29.9 million in the second quarter of fiscal 2019.
•
Net income of $10.1 million compared to $25.2 million in the prior year period and a net loss of $29.3 million in the second quarter of fiscal 2019.
•
Adjusted net income of $21.7 million compared to $38.6 million in prior year period and $15.0 million in the second quarter of fiscal 2019.
•
EBITDA of $41.5 million compared to $51.5 million in the prior year period and $19.2 million in the second quarter of fiscal 2019.
•
EBITDA margin of 6.9%, a 120 basis point decrease compared to the prior year period and 360 basis point increase from the second quarter of fiscal 2019.
•
Adjusted EBITDA of $55.5 million compared to $73.4 million in the prior year period and $44.9 million in the second quarter of fiscal 2019.
•
Adjusted EBITDA margin of 9.3%, a 230 basis point decrease compared to the prior year period and a 160 basis point increase from the second quarter of fiscal 2019.

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 Thursday, May 9, 2019 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-Q Quarterly 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-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statement Of Stockholders' Equity (Unaudited)
Consolidated Statement Of Stockholders' Equity (Unaudited) (Parenthetical)
Consolidated Statements Of Cash Flows (Unaudited)
Consolidated Statements Of Comprehensive (Loss) Income (Unaudited)
Consolidated Statements Of Operations (Unaudited)
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss) (Details)
Accumulated Other Comprehensive Income (Loss) (Tables)
Acquisitions
Acquisitions (Details)
Basis Of Presentation
Basis Of Presentation (Details)
Basis Of Presentation (Policies)
Business
Business (Details)
Chief Executive Officer Succession Plan
Chief Executive Officer Succession Plan (Details)
Commitments And Contingencies
Commitments And Contingencies (Details)
Debt And Borrowings
Debt And Borrowings (Components Of Debt) (Details)
Debt And Borrowings (Credit Agreement) (Details)
Debt And Borrowings (Tables)
Debt And Borrowings (Tilda Short-Term Borrowing Arrangements) (Details)
Discontinued Operations
Discontinued Operations (Balance Sheet) (Details)
Discontinued Operations (Narrative) (Details)
Discontinued Operations (Statements Of Operations) (Details)
Discontinued Operations (Tables)
Earnings (Loss) Per Share
Earnings (Loss) Per Share (Computation Of Basic And Diluted Earnings Per Share) (Details)
Earnings (Loss) Per Share (Narrative) (Details)
Earnings (Loss) 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 Trademarks And Other Intangible Assets) (Details)
Goodwill And Other Intangible Assets (Narrative) (Details)
Goodwill And Other Intangible Assets (Tables)
Income Taxes
Income Taxes (Details)
Inventories
Inventories (Details)
Inventories (Tables)
Investments
Investments (Details)
Property, Plant And Equipment, Net
Property, Plant And Equipment, Net (Details)
Property, Plant And Equipment, Net (Tables)
Segment Information
Segment Information (Long-Lived Assets) (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 (2019 Equity Inducement Award Program) (Details)
Stock-Based Compensation And Incentive Performance Plans (Ceo Inducement Grant) (Details)
Stock-Based Compensation And Incentive Performance Plans (Compensation Cost And Related Income Tax Benefits Recognized) (Details)
Stock-Based Compensation And Incentive Performance Plans (Long-Term Incentive Plan) (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 (Restricted Stock Grant Information) (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)
Ticker: HAIN
CIK: 910406
Form Type: 10-Q Quarterly Report
Accession Number: 0000910406-19-000056
Submitted to the SEC: Thu May 09 2019 12:38:55 PM EST
Accepted by the SEC: Thu May 09 2019
Period: Sunday, March 31, 2019
Industry: Food And Kindred Products

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