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Hain Celestial Group Inc (HAIN) SEC Filing 10-K Annual report for the fiscal year ending Saturday, June 30, 2012

Hain Celestial Group Inc

CIK: 910406 Ticker: HAIN

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.


The following information was filed by Hain Celestial Group Inc (HAIN) on Wednesday, August 22, 2012 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 this 10-K Annual Report

Document And Entity Information
Schedule Ii - Valuation And Qualifying Accounts
Schedule Ii - Valuation And Qualifying Accounts (details)
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statement Of Stockholders' Equity
Consolidated Statements Of Cash Flows
Consolidated Statements Of Income
Accrued Expenses And Other Current Liabilities
Accrued Expenses And Other Current Liabilities (details)
Accrued Expenses And Other Current Liabilities (tables)
Acquisitions
Acquisitions (components Of Preliminary Purchase Price Allocations) (details)
Acquisitions (fiscal 2011) (narrative) (details)
Acquisitions (fiscal 2012) (narrative) (details)
Acquisitions (tables)
Acquisitions (unaudited Pro Forma Results Of Operations) (details)
Acquisitions Acquisitions (acquisition Related Costs) (details)
Acquisitions Acquisitions (fiscal 2010) (narrative) (details)
Business
Commitments And Contingencies
Commitments And Contingencies Commitments And Contingencies (tables)
Commitments And Contingencies Narrative (details)
Commitments And Contingencies Operating Lease Future Minimum Payments (details)
Defined Contribution Plans
Defined Contribution Plans Defined Contribution Plans (details)
Discontinued Operations
Discontinued Operations Discontinued Operations (assets & Liabilities Table) (details)
Discontinued Operations Discontinued Operations (summary Of Impairment Charges) (details)
Discontinued Operations Discontinued Operations (summary Of Operating Results) (details)
Discontinued Operations Discontinued Operations (tables)
Earnings Per Share
Earnings Per Share (computation Of Basic And Diluted Earnings Per Share) (details)
Earnings Per Share (narrative) (details)
Earnings 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 (impact On Other Comprehensive Income From Foreign Exchange Contracts Qualified As Cash Flow Hedges) (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)
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 (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 (components Of Income Before Income Taxes) (details)
Income Taxes Income Taxes (changes In Valuation Allowances) (details)
Income Taxes Income Taxes (components Of Deferred Tax Assets And Liabilities) (details)
Income Taxes Income Taxes (narrative) (details)
Income Taxes Income Taxes (provision For Income Taxes) (details)
Income Taxes Income Taxes (reconciliation Of Expected Income Taxes) (details)
Income Taxes Income Taxes (tables)
Income Taxes Income Taxes (unrecognized Tax Benefits Activity) (details)
Inventories
Inventories (components Of Inventories) (details)
Inventories (tables)
Investments And Joint Ventures
Investments And Joint Ventures (available For Sale Securities) (details)
Investments And Joint Ventures (equity Method Investments) (details)
Long-term Debt And Credit Facility
Long-term Debt And Credit Facility (tables)
Long-term Debt And Credit Facility Components Of Debt (details)
Long-term Debt And Credit Facility Maturities Of Debt Instruments (details)
Long-term Debt And Credit Facility Narrative (details)
Property, Plant And Equipment
Property, Plant And Equipment (components Of Property, Plant And Equipment) (details)
Property, Plant And Equipment (tables)
Segment Information
Segment Information (segment Data) (details)
Segment Information (tables)
Segment Information Segment Information (long-lived Assets) (details)
Segment Information Segment Information (narrative) (details)
Segment Information Segment Information (revenue By Products) (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 (non-vested Restricted Stock And Restricted Share Unit Awards) (details)
Stock Based Compensation And Incentive Performance Plans (other Narrative) (details)
Stock Based Compensation And Incentive Performance Plans (restricted Stock Grant Information) (details)
Stock Based Compensation And Incentive Performance Plans (schedule Of Cash Proceeds Received From Share-based Payment Awards) (details)
Stock Based Compensation And Incentive Performance Plans (summary Of Stock Option Activity) (details)
Stock Based Compensation And Incentive Performance Plans (tables)
Stock Based Compensation And Incentive Performance Plans Stock Based Compensation And Incentive Performance Plans (ceo July 2012 Grant) (details)
Stock Based Compensation And Incentive Performance Plans Stock Based Compensation And Incentive Performance Plans (stock Option Fair Value Assumptions) (details)
Stock Based Compensation And Incentive Performance Plans Stock Based Compensation And Incentive Performance Plans (stock Plans Narrative) (details)
Stockholders' Equity
Stockholders' Equity (tables)
Stockholders' Equity Narrative (details)
Stockholders' Equity Other Comprehensive Income (details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (policies)
Summary Of Significant Accounting Policies (tables)
Summary Of Significant Accounting Policies Narrative (details)
Summary Of Significant Accounting Policies Ppe Useful Life (details)
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

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