Hain Celestial Posts Record Net Sales in Q3, Announces Acquisition

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Hain Celestial (NASDAQ: HAIN  ) results for the company's Q3 have been released. For the period, net sales notched a new all-time quarterly high, at $456 million, a 21% increase from Q3 2012's $376 million. Net profit amounted to $41 million ($0.85 per diluted share) from the year ago quarter's $24 million ($0.52).

Hain Celestial provided earnings guidance going forward. For the entirety of fiscal 2013, net sales are expected to be $1.727 billion-$1.734 billion, and diluted EPS should come in at $2.43-$2.47. If realized, the latter would represent a year-over-year increase of 31%-33%.

The company also announced it has acquired Ella's Kitchen Group, an infant food maker. This will be folded into a new Hain Celestial division, to be known as global infant, toddler & kids. The firm said its new asset, which posted sales of roughly $70 million in 2012, is expected to be accretive to its earnings by $0.05-$0.08 per diluted share in fiscal 2014. The terms of the deal were not made public.

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9/23/2016 4:00 PM
HAIN $34.98 Down -0.18 -0.51%
Hain Celestial CAPS Rating: ****