Hain Celestial Launches More Than 200 New Products
Record net sales for the organic and natural products company
The Hain Celestial Group, Inc., an organic and natural products company providing consumers with A Healthier Way of Life™, reported results for the fourth quarter and fiscal year ended June 30, 2014.
PERFORMANCE HIGHLIGHTS
Fourth Quarter Fiscal Year 2014
Record net sales of $583.8 million, a 26% increase
GAAP earnings per diluted share from continuing operations of $0.70, a 32% increase
Adjusted earnings per diluted share from continuing operations of $0.90, a 39% increase
Adjusted operating income of $73.9 million, 12.7% of net sales
Record adjusted EBITDA of $79.4 million, a 27% increase
Fiscal Year 2014
Record net sales of $2.154 billion, a 24% increase
GAAP earnings per diluted share from continuing operations of $2.83, a 12% increase
Adjusted earnings per diluted share from continuing operations of $3.17, a 25% increase
Adjusted operating income of $256.0 million, 11.9% of net sales
Record adjusted EBITDA of $300.0 million, a 27% increase
Operating free cash flow reached $143.2 million for the 12-months ended June 30, 2014
"We completed our fiscal year with record net sales by delivering solid performance across brands and geographies, and I am pleased with the results," said Irwin D. Simon, Founder, President and Chief Executive Officer of Hain Celestial. "Our US business continued to generate strong results as momentum for organic and natural products builds across various channels of distribution. Our UK business posted record sales with increased profit contribution and our Rest of World segment delivered high single digit sales growth."
Fourth Quarter 2014 Worldwide net sales for the fourth quarter of fiscal year 2014 were a record $583.8 million, an increase of 26.0% compared to net sales of $463.5 million in the prior year fourth quarter. Hain Celestial US reported record net sales of $323.0 million, a 13.2% increase. In the United Kingdom net sales were a record $200.5 million. The Rest of World segment reported net sales of $60.4 million. The Company had strong brand contribution across various sales channels including Ella's Kitchen®, Garden of Eatin®, Imagine®, The Greek Gods®, Sensible Portions®, Terra®, Westbrae®, Spectrum® and Alba Botanica® in North America and Gale's®, Natumi®, Frank Cooper's®, SunRipe®, Hartley's®, Sun-Pat®, Linda McCartney®, and Cully & Sully® internationally. The growth in net sales also resulted from sales of the Tilda® and Rudi's Organic Bakery® brands acquired earlier this year.
The Company earned income from continuing operations of $35.7 million compared to $25.9 million in the prior year fourth quarter and reported earnings per diluted share from continuing operations of $0.70 compared to $0.53 in the prior year fourth quarter, a 32.1% increase. Adjusted income from continuing operations was $46.0 million compared to $31.7 million, a 45.3% increase, and adjusted earnings per diluted share from continuing operations was $0.90 compared to $0.65, a 38.5% increase, from the prior year fourth quarter. Adjusted EBITDA reached a record $79.4 million during the fourth quarter. Refer to Non-GAAP Financial Measures for adjustments.