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

Hain Celestial Group Inc

CIK: 910406 Ticker: HAIN

Exhibit 99.1

haincelestialnewlogoa0.jpg
Hain Celestial Reports Second Quarter Fiscal Year 2020 Financial Results

Transformational Strategic Plan Continues to Progress

Narrows and Reaffirms Fiscal Year 2020 Guidance

Lake Success, NY, February 6, 2020
-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 second quarter ended December 31, 2019. The results contained herein are presented with the Hain Pure Protein and Tilda operating segments being treated as discontinued operations.

Mark L. Schiller, Hain Celestial’s President and Chief Executive Officer, commented, “Our team continues to execute on our transformational strategic plan, as we demonstrate another quarter of operational and financial improvement on a year-over-year basis. We have made significant progress in a very short period of time. We are delivering on the commitments we communicated to further simplify the portfolio and organization, strengthen our core capabilities, expand our margins and cash flow as well as reinvigorate profitable sales growth in a core set of high potential brands. We remain committed to delivering strong, consistent results for all our stakeholders.”

FINANCIAL HIGHLIGHTS1

Summary of Second Quarter Results from Continuing Operations2
Net sales of $506.8 million decreased 5% on an as reported and constant currency basis compared to the prior year period.
When adjusted for Foreign Exchange, Divestitures and Stock Keeping Unit (“SKU”) rationalization3, net sales decreased 1% compared to the prior year period.
Gross margin of 20.8%, a 180 basis point increase from the prior year period.
Adjusted gross margin of 22.0%, a 220 basis point increase from the prior year period.
Operating income of $9.2 million compared to an operating loss of $20.9 million in the prior year period.
Adjusted operating income of $29.5 million compared to $24.4 million in the prior year period.
Net income of $1.9 million compared to a net loss of $31.8 million in the prior year period.
Adjusted net income of $17.6 million compared to $13.0 million in prior year period.
EBITDA of $24.9 million compared to $12.2 million in the prior year period.
EBITDA margin of 4.9%, a 260 basis point improvement from the prior year period.
Adjusted EBITDA of $45.0 million compared to $37.9 million in the prior year period.
Adjusted EBITDA margin of 8.9%, a 180 basis point increase compared to the prior year period.
Earnings per diluted share (“EPS”) of $0.02 compared to a loss of $0.31 per share in the prior year period.
Adjusted EPS of $0.17 compared to $0.12 in the prior year period.





1This press release includes certain non-GAAP financial measures, which are intended to supplement, not substitute for, comparable GAAP financial measures. Reconciliations of non-GAAP financial measures to GAAP financial measures are provided herein in the tables “Reconciliation of GAAP Results to Non-GAAP Measures.”
2Unless otherwise noted all results included in this press release are from continuing operations.
3Refer to “Net Sales Growth at Constant Currency" and "Adjusted for Divestitures and SKU Rationalization” 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 Thursday, February 6, 2020 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

Cover Page
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 Income (Loss) (Unaudited)
Consolidated Statements Of Operations (Unaudited)
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss (Details)
Accumulated Other Comprehensive Loss (Tables)
Basis Of Presentation
Basis Of Presentation (Details)
Basis Of Presentation (Policies)
Business
Business (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)
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 (Tables)
Former Chief Executive Officer Succession Plan
Former Chief Executive Officer Succession Plan (Details)
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)
Leases
Leases (Lease Expense) (Details)
Leases (Maturities Of Lease Liabilities) (Details)
Leases (Maturities, Prior To Adoption) (Details)
Leases (Other Information) (Details)
Leases (Supplemental Balance Sheet Information) (Details)
Leases (Tables)
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 (Compensation Cost And Related Income Tax Benefits Recognized) (Details)
Stock-Based Compensation And Incentive Performance Plans (Narrative) (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 (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: 0000910406-20-000014
Submitted to the SEC: Thu Feb 06 2020 4:56:11 PM EST
Accepted by the SEC: Thu Feb 06 2020
Period: Tuesday, December 31, 2019
Industry: Food And Kindred Products

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