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Hain Celestial Group Inc (HAIN) SEC Filing 10-K Annual Report for the fiscal year ending Wednesday, June 30, 2021

Hain Celestial Group Inc

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CIK: 910406 Ticker: HAIN

Exhibit 99.1

haincelestialnewlogoa01a48.jpg
Hain Celestial Reports Fourth Quarter and Fiscal Year 2021 Financial Results

Fourth Quarter Net Income Improved by $37 million from $4 million in the Prior Year

Fourth Quarter GAAP EPS of $0.40; Adjusted EPS of $0.39

Fourth Quarter Adjusted EBITDA Growth of 10%

Announces Incremental $300 Million Share Repurchase Authorization

Provides Fiscal Year 2022 Guidance

Lake Success, NY, August 26, 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 fourth quarter and fiscal year ended June 30, 2021.

Mark L. Schiller, Hain Celestial’s President and Chief Executive Officer, commented, “We are very proud of our solid fourth quarter and full fiscal year 2021 results. In spite of the many challenges our industry faced this past year, we continued to successfully execute against our transformation plan, delivering robust full year margin expansion and strong adjusted EBITDA growth. Heading into 2022, we expect another strong year with adjusted net sales growth, margin expansion and adjusted EBITDA growth even in this challenging environment of high inflation and labor shortages.”

FINANCIAL HIGHLIGHTS*

Summary of Fourth Quarter Results from Continuing Operations
•Net sales decreased 12% to $450.7 million, or 17% on a constant currency basis, compared to the prior year period.
•When adjusted for foreign exchange, divestitures and discontinued brands, net sales decreased 8% compared to the prior year period.
•Gross margin of 25.0%, a 41 basis point decrease from the prior year period.
•Adjusted gross margin of 25.7%, a 49 basis point increase from the prior year period.
•Operating income of $41.6 million compared $25.3 million in the prior year period.
•Adjusted operating income of $53.0 million compared to $47.9 million in the prior year period.
•Net income of $40.5 million compared to $3.7 million in the prior year period.
•Adjusted net income of $39.7 million compared to $32.3 million in prior year period.
•Adjusted EBITDA of $68.1 million compared to $62.2 million in the prior year period.
•Adjusted EBITDA margin of 15.1%, a 296 basis point increase compared to the prior year period.
•Earnings per diluted share (“EPS”) of $0.40 compared to $0.04 in the prior year period.
•Adjusted EPS of $0.39 compared to $0.32 in the prior year period.
•Repurchased 0.7 million shares, or 0.7% of the outstanding common stock, at an average price of $40.41 per share.

Summary of Fiscal Year 2021 Results from Continuing Operations
•Net sales decreased 4% to $1,970.3 million, or 7% on a constant currency basis, compared to the prior year.
•When adjusted for foreign exchange, divestitures and discontinued brands, net sales decreased 1% compared to the prior year.

___________________________________________________
* Notes:
(1) The results contained in this press release are presented with the Hain Pure Protein and Tilda operating segments being treated as discontinued operations. Unless otherwise noted, all results included in this press release are from continuing operations.
(2) This 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 in the tables included in this press release.














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 Thursday, August 26, 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-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 Stockholders' Equity
Consolidated Statement Of Stockholders' Equity (Parenthetical)
Consolidated Statements Of Comprehensive Income (Loss)
Consolidated Statements Of Operations
Accrued Expenses And Other Current Liabilities
Accrued Expenses And Other Current Liabilities (Details)
Accrued Expenses And Other Current Liabilities (Tables)
Commitments And Contingencies
Commitments And Contingencies (Details)
Debt And Borrowings
Debt And Borrowings (Tables)
Debt And Borrowings - Components Of Debt (Details)
Debt And Borrowings - Credit Agreement (Details)
Debt And Borrowings - Maturities Of Debt Instruments (Details)
Defined Contribution Plans
Defined Contribution Plans (Details)
Derivatives And Hedging Activities
Derivatives And Hedging Activities (Tables)
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)
Description Of Business And Basis Of Presentation
Description Of Business And Basis Of Presentation (Details)
Dispositions
Dispositions (Tables)
Dispositions - Dream And Westsoy Balance Sheet (Details)
Dispositions - Fruit Business Balance Sheet (Details)
Dispositions - Gg Uniquefiber Balance Sheet (Details)
Dispositions - Hain Pure Protein Statement Of Operations (Details)
Dispositions - Narrative (Details)
Dispositions - Tilda Statement Of Operations (Details)
Earnings (Loss) Per Share
Earnings (Loss) Per Share (Tables)
Earnings (Loss) Per Share - Computation Of Basic And Diluted Earnings Per Share (Details)
Earnings (Loss) Per Share - Narrative (Details)
Financial Instruments Measured At Fair Value
Financial Instruments Measured At Fair Value (Tables)
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)
Former Chief Executive Officer Succession Plan
Former Chief Executive Officer Succession Plan (Details)
Goodwill And Other Intangible Assets
Goodwill And Other Intangible Assets (Tables)
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)
Income Taxes
Income Taxes (Tables)
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 - Unrecognized Tax Benefits Activity (Details)
Inventories
Inventories (Details)
Inventories (Tables)
Investments
Investments (Details)
Leases
Leases (Tables)
Leases - Lease Expense (Details)
Leases - Maturities Of Lease Liabilities (Details)
Leases - Other Information (Details)
Leases - Supplemental Balance Sheet Information (Details)
Property, Plant And Equipment, Net
Property, Plant And Equipment, Net (Details)
Property, Plant And Equipment, Net (Tables)
Property, Plant And Equipment, Net - Narrative (Details)
Related Party Transactions
Related Party Transactions (Details)
Segment Information
Segment Information (Tables)
Segment Information - Long-Lived Assets (Details)
Segment Information - Narrative (Details)
Segment Information - Net Sales (Details)
Segment Information - Segment Data (Details)
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)
Stock-Based Compensation And Incentive Performance Plans (Weighted Average Assumptions Ceo Inducement Grant) (Details)
Stock-Based Compensation And Incentive Performance Plans (Weighted Average Assumptions Long-Term Incentive Program) (Details)
Stockholders' Equity
Stockholders' Equity (Tables)
Stockholders' Equity - Accumulated Other Comprehensive Loss (Details)
Stockholders' Equity - Narrative (Details)
Summary Of Significant Accounting Policies And Practices
Summary Of Significant Accounting Policies And Practices (Policies)
Summary Of Significant Accounting Policies And Practices (Tables)
Summary Of Significant Accounting Policies And Practices - Narrative (Details)
Summary Of Significant Accounting Policies And Practices - Ppe Useful Life (Details)
Summary Of Significant Accounting Policies And Practices - Recently Issued And Adopted Adopted Accounting Pronouncements (Details)
Summary Of Significant Accounting Policies And Practices - Revenue Recognition (Details)
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: 0000910406-21-000033
Submitted to the SEC: Thu Aug 26 2021 4:08:52 PM EST
Accepted by the SEC: Thu Aug 26 2021
Period: Wednesday, June 30, 2021
Industry: Food And Kindred Products

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