Please wait while we load the requested 10-K report or click the link below:
https://last10k.com/sec-filings/report/910406/000144530512002779/hain-6302012x10k.htm
August 2022
July 2022
June 2022
May 2022
February 2022
January 2022
December 2021
December 2021
December 2021
November 2021
Exhibit 99.1
[THE HAIN CELESTIAL GROUP, INC. LOGO OMITTED]
Ira Lamel/Mary Anthes
The Hain Celestial Group, Inc.
631-730-2200
HAIN CELESTIAL ANNOUNCES RECORD FOURTH QUARTER
AND RECORD FISCAL YEAR 2012 RESULTS
Highest Operating Income in 19-Year History
Operating Free Cash Flow More Than Doubles to $101.5 Million
Provides Fiscal Year 2013 Guidance
Melville, NY, August 22, 2012—The Hain Celestial Group, Inc. (NASDAQ: HAIN), a leading natural and organic products company providing consumers with A Healthy Way of Life™, today reported its results for the fourth quarter and fiscal year ended June 30, 2012.
Performance Highlights
Fourth Quarter Fiscal Year 2012
· | Net sales from continuing operations up 22.3% over the same period in fiscal year 2011 |
· | GAAP net income up 82.1%; adjusted net income up 31.8% |
· | GAAP gross profit and adjusted gross profit up 14.7% |
· | GAAP operating margin up 425 basis points; adjusted operating margin up 36 basis points |
· | Diluted GAAP EPS of $0.50; adjusted EPS of $0.47 |
· | Operating free cash flow was $36.8 million, increasing 152.3% over the same period in fiscal year 2011 |
Fiscal Year 2012
· | Net sales from continuing operations up 24.3% over the same period in fiscal year 2011 |
· | GAAP net income up 44.1%; adjusted net income up 34.7% |
· | GAAP gross profit up 19.6%; adjusted gross profit up 19.5% |
· | GAAP operating margin up 96 basis points; adjusted operating margin up 46 basis points |
· | Diluted GAAP EPS of $1.73; adjusted EPS of $1.86 |
· | Operating fee cash flow reached $101.5 million, increasing 115.3% over fiscal year 2011 |
Fourth Quarter 2012
The Company reported global net sales of $350.8 million from continuing operations, a 22.3% increase compared to net sales of $286.9 million in the fourth quarter of fiscal year 2011. The Company’s fourth quarter net sales do not include $23.0 million of net sales in 2012 and $5.2 million in 2011 from the private label chilled ready meals and Daily Bread™ sandwich businesses, which are both classified as discontinued operations. The Company’s growth came from continued sales momentum in the natural and organic sector across various classes of trade including natural, grocery, mass-market retailers, club stores and e-tailers along with contributions from strategic acquisitions. Strong brand contribution came from Earth’s Best®, Spectrum®, MaraNatha®, The Greek Gods®, Imagine®, Garden of Eatin’®, Arrowhead Mills®, Health Valley®, Linda McCartney®, Avalon Organics® as well as from the recently acquired Europe’s Best®, New Covent Garden Soup Co.®, Johnson’s Juice Co.®, Farmhouse Fare®, Lovetub®, Sunripe® and Cully & Sully® brands.
For the fourth quarter, the Company earned $23.4 million in net income as compared to $12.8 million, a 82.1% increase from the prior year and reported diluted earnings per share of $0.50 compared to $0.28 in the prior year. Adjusted earnings per diluted share was $0.47 on adjusted net income of $21.7 million in the 2012 fourth quarter as compared to $0.36 per diluted share on adjusted net income of $16.5 million over the prior year fourth quarter. Adjusted net income and diluted earnings per share improved 31.8% and 30.6%, respectively, over the prior year fourth quarter. Adjusted net income excludes acquisition-related items and restructuring charges and results of discontinued operations.
“We finished fiscal year 2012 with strong results across our key performance measures as consumption in the United States accelerated during the year to the highest levels in the Company’s history as consumers continued to seek out our products. With new product innovation, increased sales opportunities in various channels of distribution and global geographies, along with productivity initiatives, our year ended with solid results across all of our segments,” said Irwin D. Simon, Founder, President and Chief Executive Officer of Hain Celestial.
Please wait while we load the requested 10-K report or click the link below:
https://last10k.com/sec-filings/report/910406/000144530512002779/hain-6302012x10k.htm
Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were removed , added and changed by Hain Celestial Group Inc.
Hain Celestial Group Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2012 10-K Annual Report includes:
Financial Statements, Disclosures and Schedules
Inside this 10-K Annual Report
Material Contracts, Statements, Certifications & more
Hain Celestial Group Inc provided additional information to their SEC Filing as exhibits
Ticker: HAIN
CIK: 910406
Form Type: 10-K Annual Report
Accession Number: 0001445305-12-002779
Submitted to the SEC: Wed Aug 29 2012 4:39:33 PM EST
Accepted by the SEC: Wed Aug 29 2012
Period: Saturday, June 30, 2012
Industry: Food And Kindred Products