LAKE SUCCESS, N.Y.,
Nov. 5, 2015 /PRNewswire/ -- The Hain
Celestial Group, Inc. (NASDAQ: HAIN), a leading organic and
natural products company with operations in North America, Europe and India providing consumers with A Healthier Way
of Life™, today reported results for its first quarter ended
September 30, 2015.
First Quarter Performance Highlights
- Record first quarter net sales of $687.2
million, a 9% increase over the prior year period or, on a
constant currency basis, an 11% increase over prior year adjusted
net sales of $642.6 million. Net
sales were negatively impacted by $24
million as a result of foreign exchange rate movements
versus a year ago.
- Record first quarter earnings per diluted share of $0.30, a 67% increase; adjusted earnings per
diluted share of $0.37, a 9%
increase. Foreign currencies negatively impacted reported results
by $0.01 per diluted share.
- Operating income of $57.5
million, 8.4% of net sales; adjusted operating income of
$63.2 million, 9.2% of net
sales.
"We began fiscal year 2016 with record first quarter net sales
and earnings growth. Our diversified portfolio delivered
strong growth with contribution from our Hain Pure Protein
Corporation segment ("HPPC"), with our FreeBird® and Plainville
Farms® brands growing 27%, as well as our international businesses
in Canada, Continental Europe and
the United Kingdom in constant
currency, which collectively grew 22%," said Irwin D. Simon, Founder, President and Chief
Executive Officer of Hain Celestial. "Our United States
segment growth did not fully meet our expectations, as strong
performance from our snacks, yogurt, tea, and personal care brands
was overshadowed by temporary disruptions from some of our
distributor and retail customers as well as a decline in grocery
brands associated with deceleration in the natural channel.
We continued to benefit from the diversification of our business
across our branded organic and natural product categories, sales
channels and geographies, which fueled solid worldwide results in
our typically lowest sales and profitability quarter."
First Quarter 2016
The United States segment
reported first quarter net sales of $331
million. In the United
Kingdom segment, net sales were $165
million. HPPC reported net sales of $124 million, and the Rest of the World segment
reported net sales of $67
million. The Company had strong branded sales in
constant currency led by Plainville Farms®, Linda McCartney®,
Terra®, Alba Botanica®, JASON®, Tilda®, Garden of Eatin'®, Lima®,
Yves Veggie Cuisine®, Celestial Seasonings®, The Greek Gods® and
FreeBird®. Net sales of Empire®, Kosher Valley®, Joya® and
Live Clean® brands acquired during or after the first quarter of
fiscal year 2015 also contributed to the sales growth.
The Company earned net income of $31.3
million, a 67% increase, and adjusted net income of
$38.2 million, a 10% increase,
compared to the prior year first quarter. Earnings per
diluted share for the first quarter were $0.30, a 67% increase versus the prior year
period. On an adjusted basis earnings per diluted share for
the first quarter were $0.37, a 9%
increase. Refer to Non-GAAP Financial Measures in this press
release for adjustments.
"We remain optimistic about our growth opportunities in fiscal
2016 and beyond. We expect to build momentum throughout the
year across our global footprint through the strength of our
diversified product portfolio and customer base while investing in
our brands and gaining distribution in the important health and
wellness category," concluded Irwin
Simon.
Fiscal Year 2016 Guidance
The Company reiterated its
annual guidance for fiscal year 2016:
- Total net sales range of $2.97 billion
to $3.11 billion, an increase of approximately 10% to 15% as
compared to fiscal year 2015;
- Earnings range of $2.11 to $2.26
per diluted share, an increase of 12% to 20% as compared to fiscal
year 2015.
Guidance is provided on a non-GAAP basis and excludes
acquisition-related expenses, integration and restructuring
charges, start-up costs, unrealized net foreign currency gains or
losses, reserves for litigation matters and other non-recurring
items, including any product recalls or market withdrawals, that
have been or may be incurred during the Company's fiscal year 2016,
which the Company will continue to identify as it reports its
future financial results. Guidance excludes the impact of any
future acquisitions.
Segment Results
The Company's operations are managed
into the following segments: United
States, United Kingdom,
HPPC and Rest of World (comprised of Canada and Continental Europe).
The following is a summary of results for the three months ended
September 30, 2015 by reportable
segment:
(dollars in
thousands)
|
United
States
|
United
Kingdom
|
Hain Pure
Protein
|
Rest of
World
|
Corporate/
Other
|
Total
|
|
NET
SALES
|
|
|
|
|
|
|
|
Net sales - Three
months ended 9/30/15 (1)
|
$
331,213
|
$
165,354
|
$
123,988
|
$
66,633
|
$
-
|
$
687,188
|
|
|
|
|
|
|
|
|
|
Net sales - Three
months ended 9/30/14
|
$
336,915
|
$
172,279
|
$
70,670
|
$
51,393
|
$
-
|
$
631,257
|
|
Non-GAAP Adjustments
(2)
|
$
10,442
|
$
-
|
$
-
|
$
928
|
$
-
|
$
11,370
|
|
Adjusted net sales -
Three months ended 9/30/14
|
$
347,357
|
$
172,279
|
$
70,670
|
$
52,321
|
$
-
|
$
642,627
|
|
|
|
|
|
|
|
|
|
% change - FY'16 net
sales vs. FY'15 adjusted net sales
|
-4.6%
|
-4.0%
|
75.4%
|
27.4%
|
|
6.9%
|
|
|
|
|
|
|
|
|
|
OPERATING
INCOME
|
|
|
|
|
|
|
|
Three months ended
9/30/15
|
|
|
|
|
|
|
|
Operating
income
|
$
44,466
|
$
10,204
|
$
10,271
|
$
2,095
|
$
(9,568)
|
$
57,468
|
|
Non-GAAP Adjustments
(2)
|
$
2,097
|
$
1,021
|
$
45
|
$
514
|
$
2,093
|
$
5,770
|
|
Adjusted operating
income
|
$
46,563
|
$
11,225
|
$
10,316
|
$
2,609
|
$
(7,475)
|
$
63,238
|
|
Adjusted operating
income margin
|
14.1%
|
6.8%
|
8.3%
|
3.9%
|
|
9.2%
|
|
|
|
|
|
|
|
|
|
Three months ended
9/30/14
|
|
|
|
|
|
|
|
Operating
income
|
$
29,589
|
$
5,595
|
$
3,820
|
$
635
|
$
(10,812)
|
$
28,827
|
|
Non-GAAP Adjustments
(2)
|
$
22,803
|
$
2,975
|
$
140
|
$
2,187
|
$
1,870
|
$
29,975
|
|
Adjusted operating
income
|
$
52,392
|
$
8,570
|
$
3,960
|
$
2,822
|
$
(8,942)
|
$
58,802
|
|
Adjusted operating
income margin
|
15.1%
|
5.0%
|
5.6%
|
5.4%
|
|
9.2%
|
|
|
|
|
|
|
|
|
|
(1) There were no
Non-GAAP adjustments to net sales for the three months ended
9/30/15
|
|
|
|
|
(2) See
accompanying table of "Reconciliation of GAAP Results to Non-GAAP
Measures"
|
|
|
|
|
Webcast
Hain Celestial will host a conference call and
webcast at 4:30 PM Eastern Time today
to review its first quarter fiscal year 2016 results. The
conference call will be webcast and available under the Investor
Relations section of the Company's website at www.hain.com.
The Hain Celestial Group, Inc.
The Hain Celestial
Group (NASDAQ: HAIN), headquartered in Lake Success, NY, is a leading organic and
natural products company with operations in North America, Europe and India. Hain Celestial
participates in many natural categories with well-known brands that
include Celestial Seasonings®, Earth's Best®, Ella's Kitchen®,
Terra®, Garden of Eatin'®, Sensible Portions®, Health Valley®,
Arrowhead Mills®, MaraNatha®, SunSpire®, DeBoles®, Casbah®, Rudi's
Organic Bakery®, Gluten Free Café™, Hain Pure Foods®, Spectrum®,
Spectrum Essentials®, Walnut Acres Organic®, Imagine®, Almond
Dream®, Rice Dream®, Soy Dream®, WestSoy®, The Greek Gods®,
BluePrint®, FreeBird®, Plainville Farms®, Empire®, Kosher Valley®,
Yves Veggie Cuisine®, Europe's
Best®, Cully & Sully®, New Covent Garden Soup Co.®, Johnson's
Juice Co.®, Farmhouse Fare®, Hartley's®, Sun-Pat®, Gale's®,
Robertson's®, Frank Cooper's®, Linda
McCartney®, Lima®, Danival®, Joya®, Natumi®, GG UniqueFiber®,
Tilda®, JASON®, Avalon Organics®, Alba Botanica®, Live Clean® and
Queen Helene®. Hain Celestial has been providing A Healthier
Way of Life™ since 1993. For more information, visit
www.hain.com.
Safe Harbor Statement
Certain statements contained in
this press release constitute "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of
1995. Forward-looking statements are predictions based on
expectations and projections about future events, and are not
statements of historical fact. You can identify
forward-looking statements by the use of forward-looking
terminology such as "plan", "continue", "expect", "anticipate",
"intend", "predict", "project", "estimate", "likely", "believe",
"might", "seek", "may", "remain", "potential", "can", "should",
"could", "future" and similar expressions, or the negative of those
expressions. These forward-looking statements include the
Company's beliefs or expectations relating to (i) the Company's
guidance for net sales and earnings per diluted share for fiscal
year 2016; and (ii) the Company's opportunities and growth strategy
and (iii) distribution opportunities. Such forward-looking
statements involve known and unknown risks, uncertainties, and
other factors which may cause the actual results, levels of
activity, performance or achievements of the Company, or industry
results, to be materially different from any future results, levels
of activity, performance or achievements expressed or implied by
such forward-looking statements. Such factors include, among
others, general economic and financial market conditions;
competition; our ability to respond to changes and trends in
customer and consumer demand, preferences and consumption; our
reliance on third party distributors, manufacturers and suppliers;
the consolidation or loss of a significant customer; our ability to
introduce new products and improve existing products; availability
and retention of key personnel; our ability to effectively
integrate our acquisitions; our ability to successfully consummate
any proposed divestitures; liabilities arising from potential
product recalls, market withdrawals or product liability claims;
outbreaks of diseases or food-borne illnesses; potential
litigation; the availability of organic and natural ingredients;
our ability to manage our supply chain effectively; changes in
fuel, raw material and commodity costs; effects of climate change
on our business and operations; our ability to offset input cost
increases; the interruption, disruption or loss of operations at
one or more of our manufacturing facilities; the loss of one or
more of our independent co-packers; the disruption of our
transportation systems; risks associated with expansion into
countries in which we have no prior operating experience; risks
associated with our international sales and operations, including
foreign currency risks; impairment in the carrying value of our
goodwill or other intangible assets; our ability to use our
trademarks; reputational damage; changes in, or the failure to
comply with, government laws and regulations; liabilities or claims
with respect to environmental matters; our reliance on independent
certification for our products; a breach of security measures; our
reliance on our information technology systems; effects of general
global capital and credit market issues on our liquidity and cost
of borrowing; potential liabilities not covered by insurance; the
ability of joint venture investments to successfully execute
business plans; dilution in the value of our common shares; and the
other risks detailed from time-to-time in the Company's reports
filed with the Securities and Exchange Commission, including the
annual report on Form 10-K for the fiscal year ended June 30, 2015. As a result of the foregoing
and other factors, no assurance can be given as to the future
results, levels of activity and achievements of the Company, and
neither the Company nor any person assumes responsibility for the
accuracy and completeness of these statements.
Non-GAAP Financial Measures
This press release and the
accompanying tables include non-GAAP financial measures, including
adjusted operating income, adjusted income, adjusted income per
diluted share, adjusted EBITDA (defined below) and operating free
cash flow. The reconciliations of these non-GAAP financial
measures to the comparable GAAP financial measures are presented in
the tables "Reconciliation of GAAP Results to Non-GAAP Measures"
for the three months ended September 30,
2015 and 2014 and in the paragraphs below. Management
believes that the non-GAAP financial measures presented provide
useful additional information to investors about current trends in
the Company's operations and are useful for period-over-period
comparisons of operations. These non-GAAP financial measures
should not be considered in isolation or as a substitute for the
comparable GAAP measures. In addition, these non-GAAP
measures may not be the same as similar measures provided by other
companies due to potential differences in methods of calculation
and items being excluded. They should be read only in
connection with the Company's Consolidated Statements of Income
presented in accordance with GAAP.
The Company defines adjusted EBITDA as net income (a GAAP
measure) before income taxes, net interest expense, depreciation
and amortization, impairment of long lived assets, equity in the
earnings of non-consolidated affiliates, stock based compensation,
acquisition-related expenses, including integration and
restructuring charges, and other non-recurring items. The
Company's management believes that this presentation provides
useful information to management, analysts and investors regarding
certain additional financial and business trends relating to its
results of operations and financial condition. In addition,
management uses this measure for reviewing the financial results of
the Company and as a component of performance-based executive
compensation.
For the three months ended September 30,
2015 and 2014, adjusted EBITDA was calculated as
follows:
|
|
|
|
|
|
Three Months
Ended
|
|
|
|
9/30/2015
|
9/30/2014
|
|
|
|
(dollars in
thousands)
|
|
Net Income
|
$ 31,302
|
$ 18,855
|
|
Income
taxes
|
14,382
|
6,066
|
|
Interest expense,
net
|
5,716
|
6,092
|
|
Depreciation and
amortization
|
15,566
|
14,580
|
|
Equity in earnings of
affiliates
|
(84)
|
(20)
|
|
Stock based
compensation
|
3,269
|
2,939
|
|
Subtotal
|
70,151
|
48,512
|
|
Adjustments
(a)
|
5,566
|
24,641
|
|
Adjusted
EBITDA
|
$ 75,717
|
$ 73,153
|
|
|
|
|
|
|
(a) The adjustments
include all adjustments in the table "Reconciliation of
GAAP Results to Non-GAAP Measures" except for unrealized
currency
impacts, gain on disposal of investment held for sale,
interest accretion
and other items, net and taxes.
|
|
|
|
|
|
The Company defines Operating Free Cash Flow as cash provided
from or used in operating activities (a GAAP measure) less capital
expenditures. The Company views operating free cash flow as
an important measure because it is one factor in evaluating the
amount of cash available for discretionary investments. For
the three months ended September 30,
2015 and 2014, operating free cash flow was calculated as
follows:
|
Three Months
Ended
|
|
9/30/2015
|
|
9/30/2014
|
|
(dollars in
thousands)
|
Cash flow provided by
operating activities
|
$
|
5,785
|
|
|
$
|
2,614
|
|
Purchases of
property, plant and equipment
|
(19,513)
|
|
|
(13,260)
|
|
Operating free cash
flow
|
$
|
(13,728)
|
|
|
$
|
(10,646)
|
|
Our operating free cash flow was negative $13.7 million for the three months ended
September 30, 2015, a decrease of $3.1
million from the three months ended September 30,
2014. The decrease in operating free cash flow primarily
resulted from an increase in our capital expenditures principally
related to the purchase of a new factory location and production
equipment in the HPPC segment to accommodate the current demand in
this segment, as well as the expansion of production lines at our
ready-to-heat rice facility in the United
Kingdom to accommodate new products and increased
volume.
THE HAIN CELESTIAL
GROUP, INC.
|
Consolidated
Balance Sheets
|
(In
thousands)
|
|
|
|
|
|
|
|
|
|
September 30,
2015
|
|
June 30,
2015
|
|
|
|
(Unaudited)
|
|
|
|
|
|
|
|
|
ASSETS
|
|
|
|
|
Current
assets:
|
|
|
|
|
Cash and cash
equivalents
|
$
147,699
|
|
$
166,922
|
|
Accounts receivable,
net
|
330,221
|
|
320,197
|
|
Inventories
|
427,152
|
|
382,211
|
|
Deferred income
taxes
|
20,978
|
|
20,758
|
|
Prepaid expenses and
other current assets
|
38,914
|
|
42,931
|
|
|
Total current
assets
|
964,964
|
|
933,019
|
|
|
|
|
|
|
Property, plant and
equipment, net
|
361,797
|
|
344,262
|
Goodwill,
net
|
1,142,257
|
|
1,136,079
|
Trademarks and other
intangible assets, net
|
647,339
|
|
647,754
|
Investments and joint
ventures
|
2,140
|
|
2,305
|
Other
assets
|
33,679
|
|
33,851
|
|
|
Total
assets
|
$
3,152,176
|
|
$
3,097,270
|
|
|
|
|
|
|
LIABILITIES AND
STOCKHOLDERS' EQUITY
|
|
|
|
Current
liabilities:
|
|
|
|
|
Accounts
payable
|
$
236,434
|
|
$
251,999
|
|
Accrued expenses and
other current liabilities
|
94,671
|
|
79,167
|
|
Current portion of
long-term debt
|
45,232
|
|
31,275
|
|
|
Total current
liabilities
|
376,337
|
|
362,441
|
|
|
|
|
|
|
Long-term debt, less
current portion
|
843,290
|
|
812,608
|
Deferred income
taxes
|
146,135
|
|
145,297
|
Other noncurrent
liabilities
|
4,789
|
|
5,237
|
|
|
Total
liabilities
|
1,370,551
|
|
1,325,583
|
|
|
|
|
|
|
Stockholders'
equity:
|
|
|
|
|
Common
stock
|
1,062
|
|
1,058
|
|
Additional paid-in
capital
|
1,094,217
|
|
1,073,671
|
|
Retained
earnings
|
828,816
|
|
797,514
|
|
Accumulated other
comprehensive loss
|
(81,514)
|
|
(42,406)
|
|
Subtotal
|
1,842,581
|
|
1,829,837
|
|
Treasury
stock
|
(60,956)
|
|
(58,150)
|
|
|
Total stockholders'
equity
|
1,781,625
|
|
1,771,687
|
|
|
|
|
|
|
|
|
Total liabilities and
stockholders' equity
|
$
3,152,176
|
|
$
3,097,270
|
THE HAIN CELESTIAL
GROUP, INC.
|
Consolidated
Statements of Income
|
(in thousands,
except per share amounts)
|
|
|
|
|
|
|
|
|
Three Months
Ended
September 30,
|
|
|
|
2015
|
|
2014
|
|
|
|
(Unaudited)
|
|
(Unaudited)
|
|
|
|
|
|
|
|
Net sales
|
|
$
687,188
|
|
$
631,257
|
|
Cost of
sales
|
|
535,141
|
|
505,413
|
|
Gross
profit
|
|
152,047
|
|
125,844
|
|
|
|
|
|
|
|
Selling, general and
administrative expenses
|
|
86,254
|
|
90,924
|
|
Amortization/impairment of acquired
intangibles
|
|
4,672
|
|
4,509
|
|
Acquisition related
expenses, restructuring and
integration charges, net
|
|
3,653
|
|
1,584
|
|
|
|
|
|
|
|
Operating
income
|
|
57,468
|
|
28,827
|
|
|
|
|
|
|
|
Interest and other
expenses, net
|
|
11,868
|
|
3,926
|
|
Income before income
taxes and equity in earnings of
equity-method investees
|
|
45,600
|
|
24,901
|
|
Provision for income
taxes
|
|
14,382
|
|
6,066
|
|
Equity in net
(income) of equity-method investees
|
|
(84)
|
|
(20)
|
|
|
|
|
|
|
|
Net income
|
|
$
31,302
|
|
$
18,855
|
|
|
|
|
|
|
|
Net income per common
share: *
|
|
|
|
|
|
Basic
|
|
$
0.30
|
|
$
0.19
|
|
Diluted
|
|
$
0.30
|
|
$
0.18
|
|
|
|
|
|
|
|
Weighted average
common shares outstanding: *
|
|
|
|
|
|
Basic
|
|
102,807
|
|
100,682
|
|
Diluted
|
|
104,258
|
|
102,656
|
|
|
|
|
|
|
|
|
|
|
|
|
|
* Share and
per share amounts for the three months ended September 30, 2014
have been retroactively
|
adjusted to reflect a two-for-one stock split of our common stock
in the form of a 100% stock dividend.
|
THE HAIN CELESTIAL
GROUP, INC.
|
Reconciliation of GAAP Results to Non-GAAP
Measures
|
(in thousands,
except per share amounts)
|
|
|
|
|
|
|
|
|
|
Three Months Ended
September 30,
|
|
|
2015 GAAP
|
Adjustments
|
|
2015
Adjusted
|
2014
Adjusted
|
|
|
(Unaudited)
|
|
|
|
|
|
|
|
Net sales
|
|
$
687,188
|
$
-
|
|
$
687,188
|
$
642,627
|
Cost of
sales
|
|
535,141
|
(1,683)
|
|
533,458
|
491,370
|
Gross
profit
|
|
152,047
|
1,683
|
|
153,730
|
151,257
|
|
|
|
|
|
|
|
Selling, general and
administrative expenses
|
|
86,254
|
(434)
|
|
85,820
|
87,946
|
Amortization/impairment of acquired
intangibles
|
|
4,672
|
-
|
|
4,672
|
4,509
|
Acquisition related
expenses, restructuring and
integration charges, net
|
|
3,653
|
(3,653)
|
|
-
|
-
|
|
|
|
|
|
|
|
Operating
income
|
|
57,468
|
5,770
|
|
63,238
|
58,802
|
|
|
|
|
|
|
|
Interest and other
expenses, net
|
|
11,868
|
(4,463)
|
|
7,405
|
6,302
|
Income before income
taxes and equity in earnings of equity-method
investees
|
|
45,600
|
10,233
|
|
55,833
|
52,500
|
Provision for income
taxes
|
|
14,382
|
3,376
|
|
17,758
|
17,843
|
Equity in net
(income) of equity-method investees
|
|
(84)
|
-
|
|
(84)
|
(20)
|
|
|
|
|
|
|
|
Net income
|
|
$
31,302
|
$
6,857
|
|
$
38,159
|
$
34,677
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income per common
share: *
|
|
$
0.30
|
$
0.07
|
|
$
0.37
|
$
0.34
|
Basic
|
|
$
0.30
|
$
0.07
|
|
$
0.37
|
$
0.34
|
Diluted
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average
common shares outstanding: *
|
|
|
|
|
|
|
Basic
|
|
102,807
|
|
|
102,807
|
100,682
|
Diluted
|
|
104,258
|
|
|
104,258
|
102,656
|
|
|
|
|
|
|
|
* Share and
per share amounts for the three months ended September 30, 2014
have been retroactively adjusted to reflect a two-for-one stock
split of our common stock in the form of a 100% stock
dividend
|
|
|
|
|
|
|
|
|
|
|
|
|
FY 2016
|
|
FY 2015
|
|
|
Impact on Income
Before Income
Taxes
|
Impact on Income Tax
Provision
|
|
Impact on Income
Before Income
Taxes
|
Impact on Income Tax
Provision
|
|
|
(Unaudited)
|
|
|
|
|
|
|
|
Nut butter
recall
|
|
$
-
|
$
-
|
|
$
10,442
|
$
3,968
|
European non-dairy
beverage withdrawal
|
|
-
|
-
|
|
928
|
316
|
Net sales
|
|
-
|
-
|
|
11,370
|
4,284
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UK factory start-up
costs
|
|
743
|
149
|
|
2,732
|
567
|
US warehouse
consolidation
|
|
426
|
162
|
|
-
|
-
|
Acquisition related
integration costs
(Mona in FY'16, Tilda in FY'15)
|
|
514
|
155
|
|
127
|
26
|
Nut butter
recall
|
|
-
|
-
|
|
9,925
|
3,772
|
European non-dairy
beverage withdrawal
|
|
-
|
-
|
|
1,259
|
428
|
Cost of
sales
|
|
1,683
|
466
|
|
14,043
|
4,793
|
|
|
|
|
|
|
|
Tilda fire insurance
recovery costs
|
|
230
|
46
|
|
-
|
-
|
Celestial Seasonings
packaging design costs
|
|
204
|
78
|
|
-
|
-
|
Recall
expenses
|
|
-
|
-
|
|
2,477
|
940
|
Litigation
expenses
|
|
-
|
-
|
|
245
|
93
|
Acquisition related
integration costs
|
|
-
|
-
|
|
256
|
77
|
Selling, general and
administrative expenses
|
|
434
|
124
|
|
2,978
|
1,110
|
|
|
|
|
|
|
|
Acquisition related
fees and expenses, integration and restructuring charges,
including severance
|
|
3,653
|
1,380
|
|
1,303
|
495
|
Contingent
consideration expense
|
|
-
|
-
|
|
281
|
-
|
Acquisition related
expenses, restructuring and
integration charges, net
|
|
3,653
|
1,380
|
|
1,584
|
495
|
|
|
|
|
|
|
|
Unrealized currency
impacts
|
|
4,463
|
1,406
|
|
3,190
|
1,065
|
Gain on disposal of
investment held for sale
|
|
-
|
-
|
|
(311)
|
-
|
Gain on pre-existing
investment in HPPC
|
|
-
|
-
|
|
(5,334)
|
-
|
Interest accretion
and other items, net
|
|
-
|
-
|
|
79
|
30
|
Interest and other
expenses, net
|
|
4,463
|
1,406
|
|
(2,376)
|
1,095
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
adjustments
|
|
$
10,233
|
$
3,376
|
|
$
27,599
|
$
11,777
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Logo -
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visit:http://www.prnewswire.com/news-releases/hain-celestial-announces-record-first-quarter-fiscal-year-2016-results-300173577.html
SOURCE The Hain Celestial Group, Inc.