Hain Celestial Group reported results for its fourth quarter and fiscal year ended June 30, 2015. Q4 net sales were $332.8 million.
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In the United Kingdom, net sales were $184.9 million, and the Rest of the World segment reported net sales of $62.0 million, which also includes the recently acquired Belvedere International, Inc. in Canada with its Live Clean brand.
The Hain Pure Protein segment (HPPC) reported net sales of $118.5 million, which includes the recently acquired Empire brand of kosher foods.
The company had strong brand sales in constant currency led by certain global brands including Terra, Tilda, Imagine, Earth's Best, Avalon Organics and Alba Botanica with strong performance from Frank Cooper's, Bearitos, Rosetto, Danival, Lima, Sensible Portions, Hain Pure Foods and Spectrum.
Net sales of Rudi's Organic Bakery, Plainville Farms, FreeBird, Empire, Kosher Valley and Live Clean brands acquired during or after the fourth quarter of fiscal year 2014 also contributed to the growth.
The company earned net income from continuing operations of $71.1 million, a 99% increase, and adjusted net income of $57.2 million, a 24% increase, compared to the prior year fourth quarter.
Earnings per diluted share for the fourth quarter were $0.68, a 94% increase versus the prior year period, which includes a $20.7 million tax benefit resulting from an election made during the quarter to change the tax status of one of the company's international subsidiaries.
On an adjusted basis earnings per diluted share for the fourth quarter were $0.55, a 22% increase. Refer to Non-GAAP Financial Measures in this press release for adjustments.
Fiscal year 2015
Hain Celestial US reported record net sales of $1.367 billion. In the United Kingdom, net sales were $736 million, and the Rest of World segment reported net sales of $226.5 million.
Rest of World includes the recently acquired Live Clean brand. HPPC, which includes the recently acquired Empire brand of kosher foods, reported net sales of $358.6 million.
The company had strong brand sales in constant currency led by global brands including Sensible Portions, Natumi, Terra, Danival, Garden of Eatin', Earth's Best, Avalon Organics, Alba Botanica and Jason with strong performance from Bearitos, Westbrae Earth's Best and Frank Cooper's.
Net sales of Plainville Farms, FreeBird, Empire, Kosher Valley and Live Clean brands acquired after fiscal year 2014 also contributed to the growth.
The company earned net income from continuing operations of $167.9 million, a 19% increase, and adjusted net income of $193.9 million, a 22% increase, for the fiscal year.
Earnings per diluted share for the fiscal year were $1.62, a 16% increase, and on an adjusted basis were $1.88, an 18% increase. ■