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Hain Celestial Group Inc (HAIN) SEC Filing 10-Q Quarterly report for the period ending Thursday, December 31, 2020

Hain Celestial Group Inc

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CIK: 910406 Ticker: HAIN

Exhibit 99.1

haincelestialnewlogoa01a481a.jpg
Hain Celestial Reports Second Quarter Fiscal Year 2021 Financial Results

Fourth Consecutive Quarter of Net Sales Growth

376 Basis Point Expansion of Gross Margin

$43.1 Million Improvement in Operating Cash Flow

Gross Margin Improvement and Adjusted EBITDA Growth Expected to Continue

Lake Success, NY, February 9, 2021—
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 second quarter ended December 31, 2020. The results contained herein are presented with the Hain Pure Protein and Tilda operating segments being treated as discontinued operations. All growth comparisons are against the corresponding prior year period unless otherwise noted.

Mark L. Schiller, Hain Celestial’s President and Chief Executive Officer, commented, “We are very pleased with our second quarter results, delivering mid-single digit topline growth, several hundred basis points of gross margin improvement and strong adjusted EBITDA growth. Although the macro operating environment remains challenging, our team continues to execute well against our transformational agenda. As a result, I am confident we will continue to see solid margin expansion and profit growth as we progress through the second half of fiscal year 2021.”

FINANCIAL HIGHLIGHTS1

Summary of Second Quarter Results from Continuing Operations2
•Net sales increased 4% to $528.4 million, or 2% on a constant currency basis, compared to the prior year period.
•When adjusted to exclude the effects of foreign exchange, divestitures and discontinued brands, net sales increased 6% compared to the prior year period.
•Gross margin of 24.6%, a 376 basis point increase from the prior year period.
•Adjusted gross margin of 25.3%, a 331 basis point increase from the prior year period.
•Operating income of $13.0 million compared to $9.2 million in the prior year period.
•Adjusted operating income of $48.1 million compared to $29.5 million in the prior year period.
•Net income of $2.2 million compared to $1.9 million in the prior year period.
•Adjusted net income of $34.7 million compared to $17.6 million in the prior year period.
•Adjusted EBITDA of $62.2 million compared to $45.0 million in the prior year period.
•Adjusted EBITDA margin of 11.8%, a 288 basis point increase compared to the prior year period.
•Earnings per diluted share (“EPS”) of $0.02, flat compared to the prior year period.
•Adjusted EPS of $0.34 compared to $0.17 in the prior year period.
•Repurchased 0.9 million shares, or 0.9% of the outstanding common stock, at an average price of $32.15 per share.
•Net cash provided by continuing operations of $63.9 million compared to $20.7 million in prior year period.
•Operating free cash flow from continuing operations of $46.3 million compared to $4.6 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 and other non-GAAP financial calculations are provided herein in the tables.”
2Unless otherwise noted all results included in this press release are 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, February 9, 2021 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 (Unaudited)
Consolidated Balance Sheets (Unaudited) (Parenthetical)
Consolidated Statement Of Operations (Unaudited)
Consolidated Statements Of Cash Flows (Unaudited)
Consolidated Statements Of Comprehensive Income (Loss) (Unaudited)
Consolidated Statements Of Stockholders' Equity (Unaudited)
Consolidated Statements Of Stockholders' Equity (Unaudited) (Parenthetical)
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss (Details)
Accumulated Other Comprehensive Loss (Tables)
Assets Held For Sale And Discontinued Operations
Assets Held For Sale And Discontinued Operations (Assets And Liabilities Held For Sale) (Details)
Assets Held For Sale And Discontinued Operations (Narrative) (Details)
Assets Held For Sale And Discontinued Operations (Statements Of Operations Hain Pure Protein) (Details)
Assets Held For Sale And Discontinued Operations (Statements Of Operations Tilda) (Details)
Assets Held For Sale And Discontinued Operations (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)
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 (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)
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)
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 (Narrative) (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)
Related Party Transactions
Related Party Transactions (Details)
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 (Tables)
Subsequent Event
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)

Material Contracts, Statements, Certifications & more

Hain Celestial Group Inc provided additional information to their SEC Filing as exhibits

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification
Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification
Exhibit 32.1: Section 1350 Certification
Exhibit 32.2: Section 1350 Certification
Ticker: HAIN
CIK: 910406
Form Type: 10-Q Quarterly Report
Accession Number: 0000910406-21-000008
Submitted to the SEC: Tue Feb 09 2021 5:03:19 PM EST
Accepted by the SEC: Tue Feb 09 2021
Period: Thursday, December 31, 2020
Industry: Food And Kindred Products

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