Nutraceutical International Corp. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months March 31, 2012; Provides Earnings Guidance for 2012
April 26, 2012 at 12:00 pm
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Nutraceutical International Corp. reported unaudited consolidated earnings results for the second quarter and six months March 31, 2012. For the quarter, the company reported net sales of $53.9 million compared to $49.5 million for the same quarter of fiscal 2011. Net income was $4.8 million, or $0.49 diluted earnings per share, compared to net income of $4.6 million, or $0.44 diluted earnings per share, for the same quarter of fiscal 2011. Income from operations was $7.861 million compared to $7.498 million for the same quarter of fiscal 2011. Income before provision for income taxes was $7.484 million against $7.160 million a year ago. EBITDA was $9.984 million against $9.531 million a year ago.
For the six months, the company's net sales were $100.5 million compared to $94.8 million for the same period in fiscal 2011. Net income was $8.2 million, or $0.82 per diluted share, compared to net income of $8.5 million, or $0.81 per diluted share, for the same period of fiscal 2011. Operating cash flow was $17.3 million compared to $15.7 million for the same period of fiscal 2011. This operating cash flow was primarily used to invest $6.5 million in acquisitions of natural product businesses, $4.7 million in purchases of property and equipment and $3.8 million in repurchases of common stock. Income before provision for income taxes was $12.769 million against $13.326 million a year ago. Income from operations was $13.505 million compared to $13.835 million for the same quarter of fiscal 2011. EBITDA was $17.713 million against $17.810 million a year ago.
The company expects net income to remain strong in the near future, although its continued expansion will be limited by manufacturing overhead costs associated with the integration of new manufacturing facilities, freight increases and payroll. Over the coming year, the company will continue to focus on improving the efficiency and utilization of all of manufacturing facilities. Cash flow and EBITDA are strong and investments will continue to be made in manufacturing equipment and technology.
Better Being Co LLC, formerly Nutrition Topco, LLC, offers a whole-body wellness platform. The Company is engaged in developing, manufacturing, marketing and distributing vitamins, supplements, minerals and personal care products through a portfolio of brands. It provides products to its consumers network of retail partners. Its brands include Solaray, KAL, Zhou, Nu U, Heritage Store, Life Flo and Zand Immunity. The Companyâs products are available at retail partners, including Whole Foods, Natural Grocers, Sprouts, Kroger, Target and Walmart. It sells products across locations such as the United Kingdom, Spain, Romania, Denmark and Norway. The Companyâs products are available on Amazon, online sites of its retail partners, specialty health and wellness online retailers and its own brand Websites.
Nutraceutical International Corp. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months March 31, 2012; Provides Earnings Guidance for 2012