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Hain Celestial Group Inc (HAIN) SEC Filing 10-Q Quarterly Report for the period ending Friday, December 31, 2021

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Hain Celestial Group Inc

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CIK: 910406 Ticker: HAIN

Exhibit 99.1

haincelestialnewlogoa01a48a.jpg
Hain Celestial Reports Second Quarter Fiscal Year 2022 Financial Results

Second Quarter Adjusted Net Sales Growth at the High End of Original Guidance

Second Quarter Adjusted EBITDA Consistent with Mid-January Pre-Announcement

Second Quarter GAAP EPS of $0.33; Adjusted EPS of $0.36

Reaffirms Full Year Adjusted Net Sales Growth Guidance; Updates Full Year Adjusted EBITDA Guidance

Lake Success, NY, February 3, 2022—
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, 2021.

Mark L. Schiller, Hain Celestial’s President and Chief Executive Officer, commented, “Our second quarter results delivered adjusted net sales growth consistent with initial guidance, behind strong U.S. consumption growth, despite industry-wide labor and supply chain challenges. We have utilized aggressive pricing and productivity to offset most of the cost headwinds and have revised guidance to reflect the expectation of accelerating topline growth in the second half of the year and continued elevated supply chain costs and disruptions. We believe that many of these costs will abate over time and remain very focused on our Hain 3.0 strategy as we pivot toward becoming a high growth and highly profitable global health and wellness company.”

FINANCIAL HIGHLIGHTS*

Summary of Second Quarter Results from Continuing Operations
•Net sales decreased 10% to $476.9 million compared to the prior year period.
•When adjusted for foreign exchange, acquisitions, divestitures and discontinued brands, net sales decreased 2% compared to the prior year period.
•Gross margin of 24.6% was flat compared to the prior year period.
•Adjusted gross margin of 24.6%, a 74 basis point decrease from the prior year period.
•Operating income of $32.0 million compared to $13.0 million in the prior year period.
•Adjusted operating income of $45.7 million compared to $48.1 million in the prior year period.
•Net income of $30.9 million compared to $2.2 million in the prior year period.
•Adjusted net income of $34.3 million compared to $34.7 million in prior year period.
•Adjusted EBITDA of $59.3 million compared to $62.2 million in the prior year period.
•Adjusted EBITDA margin of 12.4%, a 66 basis point increase compared to the prior year period.
•Earnings per diluted share (“EPS”) of $0.33 compared to $0.02 in the prior year period.
•Adjusted EPS of $0.36 compared to $0.34 in the prior year period.
•Repurchased 2.0 million shares, or 2.1% of the outstanding common stock, at an average price of $44.31 per share.





___________________________________________________
* Notes:
(1) The results contained in this press release are presented with the Tilda operating segment 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, February 3, 2022 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 Statements Of Cash Flows (Unaudited)
Consolidated Statements Of Comprehensive Income (Loss) (Unaudited)
Consolidated Statements Of Operations (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)
Acquisitions And Dispositions
Acquisitions And Dispositions (Tables)
Acquisitions And Dispositions - Assets Acquired And Liabilities Assumed (Details)
Acquisitions And Dispositions - Narrative (Details)
Acquisitions And Dispositions - Pro Forma Information (Details)
Acquisitions And Dispositions - Statements Of Operations Tilda (Details)
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 (Tables)
Debt And Borrowings - Amended And Restated Credit Agreement (Details)
Debt And Borrowings - Components Of Debt (Details)
Derivatives And Hedging Activities
Derivatives And Hedging Activities (Tables)
Derivatives And Hedging Activities - Additional Information (Details)
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 - 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)
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)
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 Trademarks And Other Intangible Assets (Details)
Goodwill And Other Intangible Assets - Expected Amortization Expense (Details)
Goodwill And Other Intangible Assets - Narrative (Details)
Income Taxes
Income Taxes (Details)
Inventories
Inventories (Details)
Inventories (Tables)
Investments
Investments (Details)
Leases
Leases (Tables)
Leases - Lease Expense (Details)
Leases - Maturities Of Lease Liabilities (Details)
Leases - Narrative (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)
Related Party Transactions
Related Party Transactions (Details)
Segment Information
Segment Information (Tables)
Segment Information - Long-Lived Assets (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 (Tables)
Stock-Based Compensation And Incentive Performance Plans - Compensation Cost And Related Income Tax Benefits Recognized (Details)
Stock-Based Compensation And Incentive Performance Plans - Fair Value Assumptions (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)
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-Q Quarterly Report
Accession Number: 0000910406-22-000015
Submitted to the SEC: Thu Feb 03 2022 4:31:56 PM EST
Accepted by the SEC: Thu Feb 03 2022
Period: Friday, December 31, 2021
Industry: Food And Kindred Products

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