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Natures Sunshine Products Inc (NATR) SEC Filing 10-K Annual report for the fiscal year ending Monday, December 31, 2018

Natures Sunshine Products Inc

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CIK: 275053 Ticker: NATR


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FOR IMMEDIATE RELEASE


NATURE’S SUNSHINE PRODUCTS REPORTS 10.3% FOURTH QUARTER NET SALES GROWTH WITH STRONG MOMENTUM AND IMPROVING MARGINS HEADING INTO 2019


Fourth Quarter 2018 Highlights
•
Fourth quarter net sales increased 10.3 percent to $97.4 million from $88.3 million in the prior year
•
Key drivers of fourth quarter top-line growth included Synergy Worldwide up 19.9 percent, NSP Russia, Central and Eastern Europe up 21.1 percent and NSP China up 59.6 percent
•
Fourth quarter GAAP loss per share was ($0.15) compared to ($0.92) per share in the prior year
•
Fourth quarter adjusted loss per share was ($0.06) compared to ($0.11) per share in the prior year
•
Fourth quarter Adjusted EBITDA increased to $4.0 million from $1.0 million in the prior year
•
The Company ended 2018 debt free with $50.6 million in cash and cash equivalents
 
Full Year 2018 Highlights
•
Net sales for 2018 increased 6.7 percent to $364.8 million from $342.0 million in 2017
•
Key drivers of full year 2018 top-line growth included Synergy Worldwide up 13.9 percent, NSP Russia, Central and Eastern Europe up 19.9% and NSP China up 45.5%
•
Full year GAAP diluted loss per share was ($0.04) compared to ($0.69) per share in the prior year
•
Full year adjusted loss was ($0.05) per share compared to adjusted earnings per share of $0.15 per share in the prior year
•
Full year Adjusted EBITDA increased 28.1 percent to $17.6 million from $13.7 million in the prior year
•
The Company paid down $13.2 million on its revolving credit facility and ended the year with no debt outstanding

LEHI, Utah, March 7, 2019 - Nature’s Sunshine Products, Inc. (NASDAQ: NATR), a leading natural health and wellness company engaged in the manufacture and sale of nutritional and personal care products, today reported its financial results for the fourth quarter ended December 31, 2018.


Management Commentary

“We concluded 2018 on a strong note, generating over 10 percent net sales growth during the fourth quarter. The growth was driven by sustained positive sales trends in NSP China, Synergy Asia Pacific and NSP Russia, Central and Eastern Europe. We are pleased with how our operations in China are developing, and continue to invest ahead of the growth. NSP China net sales increased 60 percent during the fourth quarter and rose 46 percent for the full year. We also continue to have good momentum in Korea, the primary driver of the Synergy Asia region,” stated Terrence Moorehead, Chief Executive Officer. “As we progress in 2019, we are working to reinvigorate our NSP Americas region with multiple specific initiatives that support our strategic objectives to become more modern, more flexible and more


The following information was filed by Natures Sunshine Products Inc (NATR) on Friday, March 8, 2019 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 Natures Sunshine Products Inc's 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Changes In Shareholders??? Equity
Consolidated Statements Of Changes In Shareholders??? Equity (Parenthetical)
Consolidated Statements Of Comprehensive Income (Loss)
Consolidated Statements Of Operations
Accrued Liabilities
Accrued Liabilities (Details)
Accrued Liabilities (Tables)
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss) (Details)
Accumulated Other Comprehensive Income (Loss) (Tables)
Capital Transactions
Capital Transactions (Tables)
Capital Transactions Black-Scholes Option-Pricing Model (Details)
Capital Transactions Restricted Stock Unit Activity (Details)
Capital Transactions Restricted Stock Units Narrative (Details)
Capital Transactions Schedule Of Options Outstanding And Exercisable (Details)
Capital Transactions Share-Based Compensation (Details)
Capital Transactions Stock Option Activity (Details)
Capital Transactions Stock Options Narrative (Details)
Commitments And Contingencies
Commitments And Contingencies (Contractual Obligations) (Details)
Commitments And Contingencies (Legal Proceedings) (Details)
Commitments And Contingencies (Tables)
Employee Benefit Plans
Employee Benefit Plans (Details)
Fair Value
Fair Value (Details)
Fair Value (Tables)
Income Taxes
Income Taxes (Components Of Deferred Tax Assets (Liabilities), Net) (Details) (Details)
Income Taxes (Components Of U.S. Tax Impact Of Foreign Operations) (Details)
Income Taxes (Income (Loss) From Continuing Operations And Income Tax Benefit (Provision)) (Details)
Income Taxes (Narrative) (Details)
Income Taxes (Provision (Benefit) For Income Taxes As A Percent) (Details)
Income Taxes (Reconciliation Of Uncertain Tax Benefits) (Details)
Income Taxes (Significant Components Of Deferred Tax Assets (Liabilities)) (Details)
Income Taxes (Tables)
Intangible Assets
Intangible Assets (Details)
Intangible Assets (Tables)
Inventories
Inventories (Details)
Inventories (Tables)
Investment Securities
Investment Securities (Narrative) (Details)
Nature Of Operations And Significant Accounting Policies
Nature Of Operations And Significant Accounting Policies (Costs, Foreign Currency Translation, And Revenue) (Details)
Nature Of Operations And Significant Accounting Policies (Intangible Assets) (Details)
Nature Of Operations And Significant Accounting Policies (Policies)
Nature Of Operations And Significant Accounting Policies (Property, Plant And Equipment) (Details)
Nature Of Operations And Significant Accounting Policies (Recent Accounting Pronouncements) (Details
Nature Of Operations And Significant Accounting Policies (Schedule Of Earnings Per Share) (Details)
Nature Of Operations And Significant Accounting Policies (Share-Based Compensation) (Details)
Nature Of Operations And Significant Accounting Policies (Tables)
Operating Business Segment And International Operation Information
Operating Business Segment And International Operation Information (Details)
Operating Business Segment And International Operation Information (Narrative) (Details) (Details)
Operating Business Segment And International Operation Information (Tables)
Property, Plant And Equipment
Property, Plant And Equipment (Details)
Property, Plant And Equipment (Tables)
Related Party Transactions
Related Party Transactions (Details)
Restructuring Related Expenses
Restructuring Related Expenses (Narrative) (Details)
Restructuring Related Expenses (Restructuring Activity) (Details)
Restructuring Related Expenses (Tables)
Revenue Recognition
Revenue Recognition (Tables)
Revenue Recognition - Changes In Contract Liabilities (Details)
Revenue Recognition - Narrative (Details)
Revolving Credit Facility
Revolving Credit Facility (Details)
Schedule Ii - Valuation And Qualifying Accounts
Schedule Ii - Valuation And Qualifying Accounts (Details)
Summary Of Quarterly Operations - Unaudited
Summary Of Quarterly Operations - Unaudited (Details)
Summary Of Quarterly Operations - Unaudited (Tables)
Ticker: NATR
CIK: 275053
Form Type: 10-K Annual Report
Accession Number: 0001628280-19-002700
Submitted to the SEC: Fri Mar 08 2019 11:54:58 AM EST
Accepted by the SEC: Fri Mar 08 2019
Period: Monday, December 31, 2018
Industry: Pharmaceutical Preparations

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