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Hain Celestial Group Inc (HAIN) SEC Filing 10-K Annual report for the fiscal year ending Tuesday, June 30, 2020

Hain Celestial Group Inc

CIK: 910406 Ticker: HAIN

Exhibit 99.1

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

Profitability at the High-End of Company Expectations

Strong Margin Improvement Through Continued Execution of Transformational Plan

Generated $92.8 Million in Operating Cash Flow During the Quarter

Lake Success, NY, August 25, 2020—
The Hain Celestial Group, Inc. (Nasdaq: HAIN) (“Hain Celestial”, “Hain” 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, 2020. 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, “We are pleased to report profitability at the high-end of our expectations for the fiscal year. Our results were strong because of our team’s execution of our transformational strategic plan, which resulted in strong margin improvement and operating cash flow generation. In this dynamic operating environment, we believe we will maintain our positive momentum and remain committed to sustainable long-term growth as we deliver on our four key pillars for growth - portfolio simplification, capability building, cost control and sales acceleration.”

FINANCIAL HIGHLIGHTS1

Summary of Fourth Quarter Results from Continuing Operations2
Net sales increased 1% to $511.7 million, or 3% on a constant currency basis, compared to the prior year period.
When adjusted for Foreign Exchange, Divestitures, discontinued brands and Stock Keeping Unit (“SKU”) rationalization3, net sales increased 7% compared to the prior year period.
Gross margin of 25.4%, a 658 basis point increase from the prior year period.
Adjusted gross margin of 25.3%, a 257 basis point increase from the prior year period.
Operating income of $25.3 million compared to an operating loss of $2.6 million in the prior year period.
Adjusted operating income of $47.9 million compared to $34.4 million in the prior year period.
Net income of $3.7 million compared to a net loss of $7.3 million in the prior year period.
Adjusted net income of $32.3 million compared to $19.9 million in prior year period.
Adjusted EBITDA of $62.2 million compared to $49.4 million in the prior year period.
Adjusted EBITDA margin of 12.1%, a 237 basis point increase compared to the prior year period.
Earnings per diluted share (“EPS”) of $0.04 compared to a loss of $0.07 in the prior year period.
Adjusted EPS of $0.32 compared to $0.19 in the prior year period.
Repurchased 0.1 million shares, or 0.1% of the outstanding common stock, at an average price of $24.97 per share.
Net cash provided by continuing operations of $92.8 million compared to $21.0 million in prior year period.
Operating free cash flow4 from continuing operations of $78.9 million compared to $0.3 million in 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, discontinued brands and SKU Rationalization” provided herein.
4Refer to Non-GAAP Financial Measures below for definition of operating free cash flow from continuing operations.















The Hain Celestial Group, Inc. • 1111 Marcus Avenue • Lake Success, NY 11042
516-587-5000 • www.hain.com
1

The following information was filed by Hain Celestial Group Inc (HAIN) on Tuesday, August 25, 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-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

Cover
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statement Of Cash Flows
Consolidated Statement Of Operations
Consolidated Statement Of Stockholders' Equity
Consolidated Statements Of Comprehensive (Loss) Income
Accrued Expenses And Other Current Liabilities
Accrued Expenses And Other Current Liabilities (Details)
Accrued Expenses And Other Current Liabilities (Tables)
Acquisitions
Acquisitions (Fiscal 2018) (Narrative) (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 (Maturities Of Debt Instruments) (Details)
Debt And Borrowings (Tables)
Defined Contribution Plans
Defined Contribution Plans (Details)
Derivatives And Hedging Activities
Derivatives And Hedging Activities (Balance Sheet Location) (Details)
Derivatives And Hedging Activities (Cash Flow Hedges And Accumulated Other Comprehensive Loss) (Details)
Derivatives And Hedging Activities (Derivative Information) (Details)
Derivatives And Hedging Activities (Net Investment Hedges And Accumulated Other Comprehensive Loss) (Details)
Derivatives And Hedging Activities (Not Designated As Hedging Instruments And Consolidated Statement Of Operations) (Details)
Derivatives And Hedging Activities (Pre-Tax Effect Of Derivative Financial Instruments) (Details)
Derivatives And Hedging Activities (Tables)
Description Of Business And Basis Of Presentation
Description Of Business And Basis Of Presentation (Details)
Discontinued Operations And Assets Held For Sale
Discontinued Operations And Assets Held For Sale (Balance Sheet) (Details)
Discontinued Operations And Assets Held For Sale (Narrative) (Details)
Discontinued Operations And Assets Held For Sale (Statements Of Operations) (Details)
Discontinued Operations And Assets Held For Sale (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)
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 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
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 (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)
Related Party Transactions
Related Party Transactions (Details)
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 (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 (Tables)
Stockholders' Equity
Stockholders' Equity (Accumulated Other Comprehensive Loss) (Details)
Stockholders' Equity (Narrative) (Details)
Stockholders' Equity (Tables)
Subsequent Events
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 (Revenue Recognition) (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)
Termination Benefits Related To Productivity And Transformation Initiatives
Termination Benefits Related To Productivity And Transformation Initiatives (Details)
Termination Benefits Related To Productivity And Transformation Initiatives (Tables)
Ticker: HAIN
CIK: 910406
Form Type: 10-K Annual Report
Accession Number: 0000910406-20-000056
Submitted to the SEC: Tue Aug 25 2020 4:20:04 PM EST
Accepted by the SEC: Tue Aug 25 2020
Period: Tuesday, June 30, 2020
Industry: Food And Kindred Products

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