Delaware
|
0-22818
|
22-3240619
|
(State or other jurisdiction
of incorporation)
|
(Commission File Number)
|
(I.R.S. Employer Identification No.)
|
|
¨
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
|
¨
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
|
¨
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|
|
¨
|
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
|
Emerging growth company
|
¨
|
Exhibit No.
|
|
Description
|
10.1
|
|
Second Amendment to the Third Amended and Restated Credit Agreement dated February 6, 2019 by and among The Hain Celestial Group, Inc., Hain Pure Protein Corporation, certain wholly-owned subsidiaries of The Hain Celestial Group, Inc. party thereto from time to time, and Bank of America, N.A., as administrative agent.
|
99.1
|
|
Press Release of The Hain Celestial Group, Inc. dated February 7, 2019
|
Exhibit No.
|
|
Description
|
|
|
|
|
THE HAIN CELESTIAL GROUP, INC.
(Registrant)
|
|
|
|
By:
|
/s/ James Langrock
|
Name:
|
James Langrock
|
Title:
|
Executive Vice President and
Chief Financial Officer
|
Applicable Rate
|
||||
Pricing Level
|
Consolidated Leverage Ratio
|
Commitment Fee
|
Eurocurrency Rate Loans +
Global Swing Line Loans + Letters of Credit |
Base Rate +
|
1
2
|
≥ 3.50:1.00
≥ 3.00:1.00 but
< 3.50:1.00 |
0.350%
0.300%
|
1.900%
1.700%
|
0.900%
0.700%
|
|
|
|
|
|
3
|
≥ 2.50:1.00 but
< 3.00:1.00
|
0.275%
|
1.500%
|
0.500% |
4
|
≥ 2.00:1.00 but
< 2.50:1.00
|
0.250%
|
1.375%
|
0.375% |
5
|
≥ 1.50:1.00 but
< 2.00:1.00
|
0.225%
|
1.250%
|
0.250% |
6
|
≥ 1.00:1.00 but
< 1.50:1.00
|
0.200%
|
1.000%
|
0.000% |
7
|
< 1.00:1.00
|
0.200%
|
0.875%
|
0.000%
|
Fiscal Quarter Ending
|
Maximum Consolidated Leverage Ratio
|
Closing Date through (and including) September 30, 2018
|
3.50:1.00
|
October 1, 2018 through (and including) December 31, 2018
|
4.00:1.00
|
January 1, 2019 through (and including) June 30, 2019
|
3.75:1.00
|
July 1, 2019 and thereafter
|
3.50:1.00
|
•
|
Net sales decreased 5% to $584.2 million compared to the prior year period, or a 4% decrease on a constant currency basis. When adjusted for Foreign Exchange and Acquisitions, Divestitures and certain other items, including the Project Terra Stock Keeping Unit (“SKU”) rationalization
3
, net sales would have decreased 1% compared to the prior year period.
|
•
|
Gross margin of 19.6%, a 210 basis point decrease over the prior year period; adjusted gross margin of 20.3%, a 240 basis point decrease over the prior year period as a result of planned higher trade and promotional investments and increased freight and commodity costs in the United States.
|
•
|
Operating loss of $15.4 million compared to operating income of $31.0 million in the prior year period; adjusted operating income of $29.9 million compared to $49.5 million in the prior year period.
|
•
|
Net loss of $29.3 million compared to net income of $43.1 million in the prior year period; adjusted net income of $15.0 million compared to $33.6 million in prior year period.
|
•
|
EBITDA of $19.2 million compared to $53.3 million in the prior year period; Adjusted EBITDA of $44.9 million compared to $67.7 million in the prior year period.
|
•
|
Loss per diluted share of $0.28 compared to earnings per diluted share (“EPS”) of $0.41 in the prior year period; adjusted EPS of $0.14 compared to $0.32 in the prior year period.
|
•
|
Total net sales of $2.320 billion to $2.350 billion, a decrease of approximately 4% to 6% as compared to fiscal year 2018.
|
•
|
Adjusted EBITDA of $185 million to $200 million, a decrease of approximately 22% to 28% as compared to fiscal year 2018.
|
•
|
Adjusted EPS of $0.60 to $0.70, a decrease of approximately 40% to 48% as compared to fiscal year 2018.
|
(unaudited and dollars in thousands)
|
United States
|
|
United Kingdom
|
|
Rest of World
|
|
Corporate / Other
|
|
Total
|
||||||||||
NET SALES
|
|
|
|
|
|
|
|
|
|
||||||||||
Net sales - Three months ended 12/31/18
|
$
|
259,155
|
|
|
$
|
225,338
|
|
|
$
|
99,663
|
|
|
$
|
—
|
|
|
$
|
584,156
|
|
Net sales - Three months ended 12/31/17
|
$
|
270,303
|
|
|
$
|
238,201
|
|
|
$
|
107,728
|
|
|
$
|
—
|
|
|
$
|
616,232
|
|
% change - FY'19 net sales vs. FY'18 net sales
|
(4.1
|
)%
|
|
(5.4
|
)%
|
|
(7.5
|
)%
|
|
|
|
(5.2
|
)%
|
||||||
|
|
|
|
|
|
|
|
|
|
||||||||||
OPERATING INCOME/(LOSS)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||
Three months ended 12/31/18
|
|
|
|
|
|
|
|
|
|
||||||||||
Operating income (loss)
|
$
|
7,180
|
|
|
$
|
14,655
|
|
|
$
|
8,374
|
|
|
$
|
(45,596
|
)
|
|
$
|
(15,387
|
)
|
Non-GAAP adjustments
(1)
|
6,257
|
|
|
3,429
|
|
|
953
|
|
|
34,624
|
|
|
45,263
|
|
|||||
Adjusted operating income
|
$
|
13,437
|
|
|
$
|
18,084
|
|
|
$
|
9,327
|
|
|
$
|
(10,972
|
)
|
|
$
|
29,876
|
|
Operating income (loss) margin
|
2.8
|
%
|
|
6.5
|
%
|
|
8.4
|
%
|
|
|
|
(2.6
|
)%
|
||||||
Adjusted operating income margin
|
5.2
|
%
|
|
8.0
|
%
|
|
9.4
|
%
|
|
|
|
5.1
|
%
|
||||||
|
|
|
|
|
|
|
|
|
|
||||||||||
Three months ended 12/31/17
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
Operating income
|
$
|
21,861
|
|
|
$
|
13,598
|
|
|
$
|
10,535
|
|
|
$
|
(15,029
|
)
|
|
$
|
30,965
|
|
Non-GAAP adjustments
(1)
|
9,109
|
|
|
2,740
|
|
|
866
|
|
|
5,791
|
|
|
18,506
|
|
|||||
Adjusted operating income
|
$
|
30,970
|
|
|
$
|
16,338
|
|
|
$
|
11,401
|
|
|
$
|
(9,238
|
)
|
|
$
|
49,471
|
|
Operating income margin
|
8.1
|
%
|
|
5.7
|
%
|
|
9.8
|
%
|
|
|
|
5.0
|
%
|
||||||
Adjusted operating income margin
|
11.5
|
%
|
|
6.9
|
%
|
|
10.6
|
%
|
|
|
|
|
8.0
|
%
|
|||||
|
|
|
|
|
|
|
|
|
|
||||||||||
(unaudited and dollars in thousands)
|
United States
|
|
United Kingdom
|
|
Rest of World
|
|
Corporate / Other
|
|
Total
|
||||||||||
NET SALES
|
|
|
|
|
|
|
|
|
|
||||||||||
Net sales - Six months ended 12/31/18
|
$
|
503,140
|
|
|
$
|
443,915
|
|
|
$
|
197,934
|
|
|
$
|
—
|
|
|
$
|
1,144,989
|
|
Net sales - Six months ended 12/31/17
|
$
|
533,962
|
|
|
$
|
460,646
|
|
|
$
|
210,843
|
|
|
$
|
—
|
|
|
$
|
1,205,451
|
|
% change - FY'19 net sales vs. FY'18 net sales
|
(5.8
|
)%
|
|
(3.6
|
)%
|
|
(6.1
|
)%
|
|
|
|
(5.0
|
)%
|
||||||
|
|
|
|
|
|
|
|
|
|
||||||||||
OPERATING INCOME/(LOSS)
|
|
|
|
|
|
|
|
|
|
||||||||||
Six months ended 12/31/18
|
|
|
|
|
|
|
|
|
|
||||||||||
Operating income (loss)
|
$
|
9,350
|
|
|
$
|
18,675
|
|
|
$
|
16,210
|
|
|
$
|
(83,726
|
)
|
|
$
|
(39,491
|
)
|
Non-GAAP adjustments
(1)
|
11,737
|
|
|
10,074
|
|
|
2,299
|
|
|
66,120
|
|
|
90,230
|
|
|||||
Adjusted operating income
|
$
|
21,087
|
|
|
$
|
28,749
|
|
|
$
|
18,509
|
|
|
$
|
(17,606
|
)
|
|
$
|
50,739
|
|
Operating income (loss) margin
|
1.9
|
%
|
|
4.2
|
%
|
|
8.2
|
%
|
|
|
|
(3.4
|
)%
|
||||||
Adjusted operating income margin
|
4.2
|
%
|
|
6.5
|
%
|
|
9.4
|
%
|
|
|
|
4.4
|
%
|
||||||
|
|
|
|
|
|
|
|
|
|
||||||||||
Six months ended 12/31/17
|
|
|
|
|
|
|
|
|
|
||||||||||
Operating income
|
$
|
42,722
|
|
|
$
|
23,199
|
|
|
$
|
19,532
|
|
|
$
|
(25,247
|
)
|
|
$
|
60,206
|
|
Non-GAAP adjustments
(1)
|
11,392
|
|
|
6,075
|
|
|
866
|
|
|
7,047
|
|
|
25,380
|
|
|||||
Adjusted operating income
|
$
|
54,114
|
|
|
$
|
29,274
|
|
|
$
|
20,398
|
|
|
$
|
(18,200
|
)
|
|
$
|
85,586
|
|
Operating income margin
|
8.0
|
%
|
|
5.0
|
%
|
|
9.3
|
%
|
|
|
|
5.0
|
%
|
||||||
Adjusted operating income margin
|
10.1
|
%
|
|
6.4
|
%
|
|
9.7
|
%
|
|
|
|
7.1
|
%
|
|
Three Months Ended
|
|
Six Months Ended
|
||||||||||||
|
12/31/2018
|
|
12/31/2017
|
|
12/31/2018
|
|
12/31/2017
|
||||||||
|
(unaudited and dollars in thousands)
|
||||||||||||||
Cash flow provided by (used in) operating activities - continuing operations
|
$
|
17,240
|
|
|
$
|
29,472
|
|
|
$
|
(1,013
|
)
|
|
$
|
28,390
|
|
Purchases of property, plant and equipment
|
(18,992
|
)
|
|
(13,451
|
)
|
|
(41,539
|
)
|
|
(24,685
|
)
|
||||
Operating Free Cash Flow - continuing operations
|
$
|
(1,752
|
)
|
|
$
|
16,021
|
|
|
$
|
(42,552
|
)
|
|
$
|
3,705
|
|
|
Three Months Ended
|
|
Six Months Ended
|
||||||||||||
|
12/31/2018
|
|
12/31/2017
|
|
12/31/2018
|
|
12/31/2017
|
||||||||
|
(unaudited and dollars in thousands)
|
||||||||||||||
Net (loss) income
|
$
|
(66,501
|
)
|
|
$
|
47,103
|
|
|
$
|
(103,926
|
)
|
|
$
|
66,949
|
|
Net (loss) income from discontinued operations
|
(37,223
|
)
|
|
3,973
|
|
|
(51,547
|
)
|
|
5,206
|
|
||||
Net (loss) income from continuing operations
|
$
|
(29,278
|
)
|
|
$
|
43,130
|
|
|
$
|
(52,379
|
)
|
|
$
|
61,743
|
|
|
|
|
|
|
|
|
|
||||||||
Provision (benefit) for income taxes
|
4,690
|
|
|
(17,690
|
)
|
|
(4,793
|
)
|
|
(10,206
|
)
|
||||
Interest expense, net
|
8,247
|
|
|
5,817
|
|
|
15,416
|
|
|
11,426
|
|
||||
Depreciation and amortization
|
13,722
|
|
|
14,919
|
|
|
28,106
|
|
|
30,066
|
|
||||
Equity in net loss (income) of equity-method investees
|
11
|
|
|
(194
|
)
|
|
186
|
|
|
(205
|
)
|
||||
Stock-based compensation expense
|
1,774
|
|
|
4,158
|
|
|
1,565
|
|
|
7,322
|
|
||||
Stock-based compensation expense in connection with Chief Executive Officer Succession Agreement
|
117
|
|
|
—
|
|
|
429
|
|
|
—
|
|
||||
Long-lived asset and intangibles impairment
|
19,473
|
|
|
3,449
|
|
|
23,709
|
|
|
3,449
|
|
||||
Unrealized currency losses/(gains)
|
439
|
|
|
(286
|
)
|
|
1,029
|
|
|
(3,705
|
)
|
||||
EBITDA
|
$
|
19,195
|
|
|
$
|
53,303
|
|
|
$
|
13,268
|
|
|
$
|
99,890
|
|
|
|
|
|
|
|
|
|
||||||||
Project Terra costs and other
|
9,872
|
|
|
4,069
|
|
|
20,205
|
|
|
8,919
|
|
||||
Chief Executive Officer Succession Plan expense, net
|
10,031
|
|
|
—
|
|
|
29,272
|
|
|
—
|
|
||||
Accounting review and remediation costs, net of insurance proceeds
|
920
|
|
|
4,451
|
|
|
4,334
|
|
|
3,093
|
|
||||
Warehouse/manufacturing facility start-up costs
|
1,708
|
|
|
418
|
|
|
6,307
|
|
|
1,155
|
|
||||
Plant closure related costs
|
1,490
|
|
|
700
|
|
|
3,319
|
|
|
700
|
|
||||
SKU rationalization
|
1,530
|
|
|
—
|
|
|
1,530
|
|
|
—
|
|
||||
Litigation and related expenses
|
122
|
|
|
—
|
|
|
691
|
|
|
—
|
|
||||
Losses on terminated chilled desserts contract
|
—
|
|
|
2,143
|
|
|
—
|
|
|
3,615
|
|
||||
Co-packer disruption
|
—
|
|
|
1,567
|
|
|
—
|
|
|
2,740
|
|
||||
Regulated packaging change
|
—
|
|
|
1,007
|
|
|
—
|
|
|
1,007
|
|
||||
Adjusted EBITDA
|
$
|
44,868
|
|
|
$
|
67,658
|
|
|
$
|
78,926
|
|
|
$
|
121,119
|
|
THE HAIN CELESTIAL GROUP, INC.
|
|||||||
Consolidated Balance Sheets
|
|||||||
(in thousands)
|
|||||||
|
|
|
|
||||
|
December 31,
|
|
June 30,
|
||||
|
2018
|
|
2017
|
||||
|
(unaudited)
|
|
|
||||
ASSETS
|
|
|
|
||||
Current assets:
|
|
|
|
||||
Cash and cash equivalents
|
$
|
38,158
|
|
|
$
|
106,557
|
|
Restricted cash
|
34,304
|
|
|
—
|
|
||
Accounts receivable, net
|
240,520
|
|
|
252,708
|
|
||
Inventories
|
402,724
|
|
|
391,525
|
|
||
Prepaid expenses and other current assets
|
56,393
|
|
|
59,946
|
|
||
Current assets of discontinued operations
|
179,327
|
|
|
240,851
|
|
||
Total current assets
|
951,426
|
|
|
1,051,587
|
|
||
|
|
|
|
||||
Property, plant and equipment, net
|
320,036
|
|
|
310,172
|
|
||
Goodwill
|
1,008,787
|
|
|
1,024,136
|
|
||
Trademarks and other intangible assets, net
|
473,534
|
|
|
510,387
|
|
||
Investments and joint ventures
|
19,318
|
|
|
20,725
|
|
||
Other assets
|
30,390
|
|
|
29,667
|
|
||
Total assets
|
$
|
2,803,491
|
|
|
$
|
2,946,674
|
|
|
|
|
|
||||
LIABILITIES AND STOCKHOLDERS' EQUITY
|
|
|
|
||||
Current liabilities:
|
|
|
|
||||
Accounts payable
|
$
|
209,869
|
|
|
$
|
229,993
|
|
Accrued expenses and other current liabilities
|
159,588
|
|
|
116,001
|
|
||
Current portion of long-term debt
|
35,566
|
|
|
26,605
|
|
||
Current liabilities of discontinued operations
|
34,306
|
|
|
49,846
|
|
||
Total current liabilities
|
439,329
|
|
|
422,445
|
|
||
|
|
|
|
||||
Long-term debt, less current portion
|
692,128
|
|
|
687,501
|
|
||
Deferred income taxes
|
65,245
|
|
|
86,909
|
|
||
Other noncurrent liabilities
|
15,846
|
|
|
12,770
|
|
||
Total liabilities
|
1,212,548
|
|
|
1,209,625
|
|
||
|
|
|
|
||||
Stockholders' equity:
|
|
|
|
||||
Common stock
|
1,087
|
|
|
1,084
|
|
||
Additional paid-in capital
|
1,150,239
|
|
|
1,148,196
|
|
||
Retained earnings
|
774,405
|
|
|
878,516
|
|
||
Accumulated other comprehensive loss
|
(225,359
|
)
|
|
(184,240
|
)
|
||
|
1,700,372
|
|
|
1,843,556
|
|
||
Treasury stock
|
(109,429
|
)
|
|
(106,507
|
)
|
||
Total stockholders' equity
|
1,590,943
|
|
|
1,737,049
|
|
||
Total liabilities and stockholders' equity
|
$
|
2,803,491
|
|
|
$
|
2,946,674
|
|
THE HAIN CELESTIAL GROUP, INC.
|
|||||||||||||||
Consolidated Statements of Operations
|
|||||||||||||||
(unaudited and in thousands, except per share amounts)
|
|||||||||||||||
|
|
|
|
|
|
|
|
||||||||
|
Three Months Ended December 31,
|
|
Six Months Ended December 31,
|
||||||||||||
|
2018
|
|
2017
|
|
2018
|
|
2017
|
||||||||
Net sales
|
$
|
584,156
|
|
|
$
|
616,232
|
|
|
$
|
1,144,989
|
|
|
$
|
1,205,451
|
|
Cost of sales
|
469,883
|
|
|
482,282
|
|
|
931,122
|
|
|
948,113
|
|
||||
Gross profit
|
114,273
|
|
|
133,950
|
|
|
213,867
|
|
|
257,338
|
|
||||
Selling, general and administrative expenses
|
85,387
|
|
|
86,444
|
|
|
167,644
|
|
|
172,525
|
|
||||
Amortization of acquired intangibles
|
3,860
|
|
|
4,572
|
|
|
7,765
|
|
|
9,146
|
|
||||
Project Terra costs and other
|
9,872
|
|
|
4,069
|
|
|
20,205
|
|
|
8,919
|
|
||||
Chief Executive Officer Succession Plan expense, net
|
10,148
|
|
|
—
|
|
|
29,701
|
|
|
—
|
|
||||
Accounting review and remediation costs, net of insurance proceeds
|
920
|
|
|
4,451
|
|
|
4,334
|
|
|
3,093
|
|
||||
Long-lived asset and intangibles impairment
|
19,473
|
|
|
3,449
|
|
|
23,709
|
|
|
3,449
|
|
||||
Operating (loss) income
|
(15,387
|
)
|
|
30,965
|
|
|
(39,491
|
)
|
|
60,206
|
|
||||
Interest and other financing expense, net
|
8,817
|
|
|
6,479
|
|
|
16,522
|
|
|
12,761
|
|
||||
Other expense/(income), net
|
373
|
|
|
(760
|
)
|
|
973
|
|
|
(3,887
|
)
|
||||
(Loss) income from continuing operations before income taxes and equity in net loss (income) of equity-method investees
|
(24,577
|
)
|
|
25,246
|
|
|
(56,986
|
)
|
|
51,332
|
|
||||
Provision (benefit) for income taxes
|
4,690
|
|
|
(17,690
|
)
|
|
(4,793
|
)
|
|
(10,206
|
)
|
||||
Equity in net loss (income) of equity-method investees
|
11
|
|
|
(194
|
)
|
|
186
|
|
|
(205
|
)
|
||||
Net (loss) income from continuing operations
|
$
|
(29,278
|
)
|
|
$
|
43,130
|
|
|
$
|
(52,379
|
)
|
|
$
|
61,743
|
|
Net (loss) income from discontinued operations, net of tax
|
(37,223
|
)
|
|
3,973
|
|
|
(51,547
|
)
|
|
5,206
|
|
||||
Net (loss) income
|
$
|
(66,501
|
)
|
|
$
|
47,103
|
|
|
$
|
(103,926
|
)
|
|
$
|
66,949
|
|
|
|
|
|
|
|
|
|
||||||||
Net (loss) income per common share:
|
|
|
|
|
|
|
|
||||||||
Basic net (loss) income per common share from continuing operations
|
$
|
(0.28
|
)
|
|
$
|
0.42
|
|
|
$
|
(0.50
|
)
|
|
$
|
0.59
|
|
Basic net (loss) income per common share from discontinued operations
|
(0.36
|
)
|
|
0.04
|
|
|
(0.50
|
)
|
|
0.05
|
|
||||
Basic net (loss) income per common share
|
$
|
(0.64
|
)
|
|
$
|
0.45
|
|
|
$
|
(1.00
|
)
|
|
$
|
0.65
|
|
|
|
|
|
|
|
|
|
||||||||
Diluted net (loss) income per common share from continuing operations
|
$
|
(0.28
|
)
|
|
$
|
0.41
|
|
|
$
|
(0.50
|
)
|
|
$
|
0.59
|
|
Diluted net (loss) income per common share from discontinued operations
|
(0.36
|
)
|
|
0.04
|
|
|
(0.50
|
)
|
|
0.05
|
|
||||
Diluted net (loss) income per common share
|
$
|
(0.64
|
)
|
|
$
|
0.45
|
|
|
$
|
(1.00
|
)
|
|
$
|
0.64
|
|
|
|
|
|
|
|
|
|
||||||||
Shares used in the calculation of net (loss) income per common share:
|
|
|
|
|
|
|
|
||||||||
Basic
|
104,056
|
|
|
103,837
|
|
|
104,009
|
|
|
103,773
|
|
||||
Diluted
|
104,056
|
|
|
104,440
|
|
|
104,009
|
|
|
104,379
|
|
THE HAIN CELESTIAL GROUP, INC.
|
|||||||||||||||
Consolidated Statements of Cash Flows
|
|||||||||||||||
(unaudited and in thousands)
|
|||||||||||||||
|
|
|
|
|
|
|
|
||||||||
|
Three Months Ended December 31,
|
|
Six Months Ended December 31,
|
||||||||||||
|
2018
|
|
2017
|
|
2018
|
|
2017
|
||||||||
CASH FLOWS FROM OPERATING ACTIVITIES
|
|
|
|
|
|
|
|
||||||||
Net (loss) income
|
$
|
(66,501
|
)
|
|
$
|
47,103
|
|
|
$
|
(103,926
|
)
|
|
$
|
66,949
|
|
Net (loss) income from discontinued operations
|
(37,223
|
)
|
|
3,973
|
|
|
(51,547
|
)
|
|
5,206
|
|
||||
Net (loss) income from continuing operations
|
(29,278
|
)
|
|
43,130
|
|
|
(52,379
|
)
|
|
61,743
|
|
||||
|
|
|
|
|
|
|
|
||||||||
Adjustments to reconcile net (loss) income from continuing operations to net cash provided by (used in) operating activities from continuing operations:
|
|
|
|
|
|
|
|
||||||||
Depreciation and amortization
|
13,722
|
|
|
14,919
|
|
|
28,106
|
|
|
30,065
|
|
||||
Deferred income taxes
|
(9,514
|
)
|
|
(28,171
|
)
|
|
(22,790
|
)
|
|
(28,808
|
)
|
||||
Equity in net loss (income) of equity-method investees
|
11
|
|
|
(194
|
)
|
|
186
|
|
|
(205
|
)
|
||||
Chief Executive Officer Succession Plan expense, net
|
10,031
|
|
|
—
|
|
|
29,272
|
|
|
—
|
|
||||
Stock-based compensation, net
|
1,891
|
|
|
4,158
|
|
|
1,994
|
|
|
7,322
|
|
||||
Long-lived asset and intangibles impairment
|
19,473
|
|
|
3,449
|
|
|
23,709
|
|
|
3,449
|
|
||||
Other non-cash items, net
|
444
|
|
|
1,299
|
|
|
1,285
|
|
|
(1,760
|
)
|
||||
Increase (decrease) in cash attributable to changes in operating assets and liabilities:
|
|
|
|
|
|
|
|
||||||||
Accounts receivable
|
2,226
|
|
|
2,023
|
|
|
6,583
|
|
|
(16,077
|
)
|
||||
Inventories
|
6,675
|
|
|
(34,945
|
)
|
|
(17,472
|
)
|
|
(63,131
|
)
|
||||
Other current assets
|
(3,123
|
)
|
|
5,133
|
|
|
(1,765
|
)
|
|
(3,889
|
)
|
||||
Other assets and liabilities
|
4,635
|
|
|
5,312
|
|
|
4,616
|
|
|
5,259
|
|
||||
Accounts payable and accrued expenses
|
47
|
|
|
13,359
|
|
|
(2,358
|
)
|
|
34,422
|
|
||||
Net cash provided by (used in) operating activities - continuing operations
|
17,240
|
|
|
29,472
|
|
|
(1,013
|
)
|
|
28,390
|
|
||||
|
|
|
|
|
|
|
|
||||||||
CASH FLOWS FROM INVESTING ACTIVITIES
|
|
|
|
|
|
|
|
||||||||
Purchases of property and equipment
|
(18,992
|
)
|
|
(13,451
|
)
|
|
(41,539
|
)
|
|
(24,685
|
)
|
||||
Acquisitions of businesses, net of cash acquired
|
—
|
|
|
(13,064
|
)
|
|
—
|
|
|
(13,064
|
)
|
||||
Other
|
4,515
|
|
|
—
|
|
|
3,863
|
|
|
—
|
|
||||
Net cash used in investing activities - continuing operations
|
(14,477
|
)
|
|
(26,515
|
)
|
|
(37,676
|
)
|
|
(37,749
|
)
|
||||
|
|
|
|
|
|
|
|
||||||||
CASH FLOWS FROM FINANCING ACTIVITIES
|
|
|
|
|
|
|
|
||||||||
Borrowings under bank revolving credit facility
|
80,000
|
|
|
15,000
|
|
|
150,000
|
|
|
35,000
|
|
||||
Repayments under bank revolving credit facility
|
(77,647
|
)
|
|
(20,000
|
)
|
|
(137,646
|
)
|
|
(35,000
|
)
|
||||
Repayments under term loan
|
(3,750
|
)
|
|
—
|
|
|
(7,500
|
)
|
|
—
|
|
||||
Funding of discontinued operations entities
|
11,159
|
|
|
7,511
|
|
|
(3,996
|
)
|
|
(12,758
|
)
|
||||
Borrowings of other debt, net
|
6,918
|
|
|
5,675
|
|
|
8,627
|
|
|
13,912
|
|
||||
Shares withheld for payment of employee payroll taxes
|
(1,943
|
)
|
|
(4,588
|
)
|
|
(2,922
|
)
|
|
(6,685
|
)
|
||||
Net cash provided by (used in) financing activities - continuing operations
|
14,737
|
|
|
3,598
|
|
|
6,563
|
|
|
(5,531
|
)
|
||||
|
|
|
|
|
|
|
|
||||||||
Effect of exchange rate changes on cash
|
(909
|
)
|
|
706
|
|
|
(1,969
|
)
|
|
3,765
|
|
||||
|
|
|
|
|
|
|
|
||||||||
CASH FLOWS FROM DISCONTINUED OPERATIONS
|
|
|
|
|
|
|
|
||||||||
Cash provided by (used in) operating activities
|
14,055
|
|
|
15,392
|
|
|
(1,850
|
)
|
|
(2,964
|
)
|
||||
Cash used in investing activities
|
(1,296
|
)
|
|
(2,662
|
)
|
|
(2,931
|
)
|
|
(6,342
|
)
|
||||
Cash (used in) provided by financing activities
|
(11,206
|
)
|
|
(7,562
|
)
|
|
3,901
|
|
|
12,655
|
|
||||
Net cash flows provided by (used in) discontinued operations
|
1,553
|
|
|
5,168
|
|
|
(880
|
)
|
|
3,349
|
|
||||
|
|
|
|
|
|
|
|
||||||||
Net increase (decrease) in cash and cash equivalents
|
18,144
|
|
|
12,429
|
|
|
(34,975
|
)
|
|
(7,776
|
)
|
||||
Cash and cash equivalents at beginning of period
|
59,899
|
|
|
126,787
|
|
|
113,018
|
|
|
146,992
|
|
||||
Cash and cash equivalents and restricted cash at end of period
|
$
|
78,043
|
|
|
$
|
139,216
|
|
|
$
|
78,043
|
|
|
$
|
139,216
|
|
Less: cash and cash equivalents of discontinued operations
|
(5,581
|
)
|
|
(13,285
|
)
|
|
(5,581
|
)
|
|
(13,285
|
)
|
||||
Cash and cash equivalents and restricted cash of continuing operations at end of period
|
$
|
72,462
|
|
|
$
|
125,931
|
|
|
$
|
72,462
|
|
|
$
|
125,931
|
|
THE HAIN CELESTIAL GROUP, INC.
|
|||||||||||||||||
Reconciliation of GAAP Results to Non-GAAP Measures
|
|||||||||||||||||
(unaudited and in thousands, except per share amounts)
|
|||||||||||||||||
|
|
|
|
|
|
|
|
||||||||||
|
Three Months Ended September 30,
|
||||||||||||||||
|
2018 GAAP
|
Adjustments
|
2018 Adjusted
|
|
2017 GAAP
|
Adjustments
|
2017 Adjusted
|
||||||||||
Net sales
|
$
|
584,156
|
|
—
|
|
$
|
584,156
|
|
|
$
|
616,232
|
|
—
|
|
$
|
616,232
|
|
Cost of sales
|
469,883
|
|
(4,294
|
)
|
465,589
|
|
|
482,282
|
|
(5,835
|
)
|
476,447
|
|
||||
Gross profit
|
114,273
|
|
4,294
|
|
118,567
|
|
|
133,950
|
|
5,835
|
|
139,785
|
|
||||
Operating expenses
(a)
|
108,720
|
|
(20,029
|
)
|
88,691
|
|
|
94,465
|
|
(4,151
|
)
|
90,314
|
|
||||
Project Terra costs and other
|
9,872
|
|
(9,872
|
)
|
—
|
|
|
4,069
|
|
(4,069
|
)
|
—
|
|
||||
Chief Executive Officer Succession Plan expense, net
|
10,148
|
|
(10,148
|
)
|
—
|
|
|
—
|
|
—
|
|
—
|
|
||||
Accounting review and remediation costs, net of insurance proceeds
|
920
|
|
(920
|
)
|
—
|
|
|
4,451
|
|
(4,451
|
)
|
—
|
|
||||
Operating (loss) income
|
(15,387
|
)
|
45,263
|
|
29,876
|
|
|
30,965
|
|
18,506
|
|
49,471
|
|
||||
Interest and other expense (income), net
(b)
|
9,190
|
|
(439
|
)
|
8,751
|
|
|
5,719
|
|
286
|
|
6,005
|
|
||||
Provision (benefit) for income taxes
|
4,690
|
|
1,462
|
|
6,152
|
|
|
(17,690
|
)
|
27,751
|
|
10,061
|
|
||||
Net (loss) income from continuing operations
|
(29,278
|
)
|
44,240
|
|
14,962
|
|
|
43,130
|
|
(9,531
|
)
|
33,599
|
|
||||
Net (loss) income from discontinued operations, net of tax
|
(37,223
|
)
|
37,223
|
|
—
|
|
|
3,973
|
|
(3,973
|
)
|
—
|
|
||||
Net (loss) income
|
(66,501
|
)
|
81,463
|
|
14,962
|
|
|
47,103
|
|
(13,504
|
)
|
33,599
|
|
||||
|
|
|
|
|
|
|
|
||||||||||
Diluted net (loss) income per common share from continuing operations
|
(0.28
|
)
|
0.43
|
|
0.14
|
|
|
0.41
|
|
(0.09
|
)
|
0.32
|
|
||||
Diluted net (loss) income per common share from discontinued operations
|
(0.36
|
)
|
0.36
|
|
—
|
|
|
0.04
|
|
(0.04
|
)
|
—
|
|
||||
Diluted net (loss) income per common share
|
(0.64
|
)
|
0.78
|
|
0.14
|
|
|
0.45
|
|
(0.13
|
)
|
0.32
|
|
THE HAIN CELESTIAL GROUP, INC.
|
|||||||
Reconciliation of GAAP Results to Non-GAAP Measures
|
|||||||
(unaudited and in thousands)
|
|||||||
|
|
|
|
||||
Detail of Adjustments:
|
|
|
|
||||
|
Three Months Ended December 31,
|
||||||
|
2018
|
|
2017
|
||||
Warehouse/manufacturing facility start-up costs
|
$
|
1,708
|
|
|
$
|
418
|
|
Plant closure related costs
|
1,056
|
|
|
700
|
|
||
SKU rationalization
|
1,530
|
|
|
—
|
|
||
Losses on terminated chilled desserts contract
|
—
|
|
|
2,143
|
|
||
Co-packer disruption
|
—
|
|
|
1,567
|
|
||
Regulated packaging change
|
—
|
|
|
1,007
|
|
||
Cost of sales
|
4,294
|
|
|
5,835
|
|
||
|
|
|
|
||||
Gross profit
|
4,294
|
|
|
5,835
|
|
||
|
|
|
|
||||
Intangibles impairment
|
17,900
|
|
|
—
|
|
||
Long-lived asset impairment charge associated with plant closure
|
1,573
|
|
|
3,449
|
|
||
Litigation and related expenses
|
122
|
|
|
—
|
|
||
Plant closure related costs
|
434
|
|
|
—
|
|
||
Stock-based compensation acceleration associated with Board of Directors
|
—
|
|
|
702
|
|
||
Operating expenses
(a)
|
20,029
|
|
|
4,151
|
|
||
|
|
|
|
||||
Project Terra costs and other
|
9,872
|
|
|
4,069
|
|
||
Project Terra costs and other
|
9,872
|
|
|
4,069
|
|
||
|
|
|
|
||||
Chief Executive Officer Succession Plan expense, net
|
10,148
|
|
|
—
|
|
||
Chief Executive Officer Succession Plan expense, net
|
10,148
|
|
|
—
|
|
||
|
|
|
|
||||
Accounting review and remediation costs, net of insurance proceeds
|
920
|
|
|
4,451
|
|
||
Accounting review and remediation costs, net of insurance proceeds
|
920
|
|
|
4,451
|
|
||
|
|
|
|
||||
Operating income
|
45,263
|
|
|
18,506
|
|
||
|
|
|
|
||||
Unrealized currency losses/(gains)
|
439
|
|
|
(286
|
)
|
||
Interest and other expense (income), net (b)
|
439
|
|
|
(286
|
)
|
||
|
|
|
|
||||
Income tax related adjustments
|
(1,462
|
)
|
|
(27,751
|
)
|
||
Benefit for income taxes
|
(1,462
|
)
|
|
(27,751
|
)
|
||
|
|
|
|
||||
Net income (loss) from continuing operations
|
$
|
44,240
|
|
|
$
|
(9,531
|
)
|
THE HAIN CELESTIAL GROUP, INC.
|
|||||||||||||||||
Reconciliation of GAAP Results to Non-GAAP Measures
|
|||||||||||||||||
(unaudited and in thousands, except per share amounts)
|
|||||||||||||||||
|
|
|
|
|
|
|
|
||||||||||
|
Six Months Ended December 31,
|
||||||||||||||||
|
2018 GAAP
|
Adjustments
|
2018 Adjusted
|
|
2017 GAAP
|
Adjustments
|
2017 Adjusted
|
||||||||||
Net sales
|
$
|
1,144,989
|
|
—
|
|
$
|
1,144,989
|
|
|
$
|
1,205,451
|
|
—
|
|
$
|
1,205,451
|
|
Cost of sales
|
931,122
|
|
(11,156
|
)
|
919,966
|
|
|
948,113
|
|
(9,217
|
)
|
938,896
|
|
||||
Gross profit
|
213,867
|
|
11,156
|
|
225,023
|
|
|
257,338
|
|
9,217
|
|
266,555
|
|
||||
Operating expenses
(a)
|
199,118
|
|
(24,834
|
)
|
174,284
|
|
|
185,120
|
|
(4,151
|
)
|
180,969
|
|
||||
Project Terra costs and other
|
20,205
|
|
(20,205
|
)
|
—
|
|
|
8,919
|
|
(8,919
|
)
|
—
|
|
||||
Chief Executive Officer Succession Plan expense, net
|
29,701
|
|
(29,701
|
)
|
—
|
|
|
—
|
|
—
|
|
—
|
|
||||
Accounting review and remediation costs, net of insurance proceeds
|
4,334
|
|
(4,334
|
)
|
—
|
|
|
3,093
|
|
(3,093
|
)
|
—
|
|
||||
Operating (loss) income
|
(39,491
|
)
|
90,230
|
|
50,739
|
|
|
60,206
|
|
25,380
|
|
85,586
|
|
||||
Interest and other expense (income), net
(b)
|
17,495
|
|
(1,029
|
)
|
16,466
|
|
|
8,874
|
|
3,705
|
|
12,579
|
|
||||
(Benefit) provision for income taxes
|
(4,793
|
)
|
14,241
|
|
9,448
|
|
|
(10,206
|
)
|
28,442
|
|
18,236
|
|
||||
Net (loss) income from continuing operations
|
(52,379
|
)
|
77,018
|
|
24,639
|
|
|
61,743
|
|
(6,767
|
)
|
54,976
|
|
||||
Net (loss) income from discontinued operations, net of tax
|
(51,547
|
)
|
51,547
|
|
—
|
|
|
5,206
|
|
(5,206
|
)
|
—
|
|
||||
Net (loss) income
|
(103,926
|
)
|
128,565
|
|
24,639
|
|
|
66,949
|
|
(11,973
|
)
|
54,976
|
|
||||
|
|
|
|
|
|
|
|
||||||||||
Diluted net (loss) income per common share from continuing operations
|
(0.50
|
)
|
0.74
|
|
0.24
|
|
|
0.59
|
|
(0.06
|
)
|
0.53
|
|
||||
Diluted net (loss) income per common share from discontinued operations
|
(0.50
|
)
|
0.50
|
|
—
|
|
|
0.05
|
|
(0.05
|
)
|
—
|
|
||||
Diluted net (loss) income per common share
|
(1.00
|
)
|
1.24
|
|
0.24
|
|
|
0.64
|
|
(0.11
|
)
|
0.53
|
|
THE HAIN CELESTIAL GROUP, INC.
|
|||||||
Reconciliation of GAAP Results to Non-GAAP Measures
|
|||||||
(unaudited and in thousands)
|
|||||||
|
|
|
|
||||
Detail of Adjustments:
|
|
|
|
||||
|
Six Months Ended December 31,
|
||||||
|
2018
|
|
2017
|
||||
Warehouse/manufacturing facility start-up costs
|
$
|
6,307
|
|
|
$
|
1,155
|
|
Plant closure related costs
|
3,319
|
|
|
700
|
|
||
SKU rationalization
|
1,530
|
|
|
—
|
|
||
Losses on terminated chilled desserts contract
|
—
|
|
|
3,615
|
|
||
Co-packer disruption
|
—
|
|
|
2,740
|
|
||
Regulated packaging change
|
—
|
|
|
1,007
|
|
||
Cost of sales
|
11,156
|
|
|
9,217
|
|
||
|
|
|
|
||||
Gross profit
|
11,156
|
|
|
9,217
|
|
||
|
|
|
|
||||
Intangibles impairment
|
17,900
|
|
|
—
|
|
||
Long-lived asset impairment charge associated with plant closure
|
5,809
|
|
|
3,449
|
|
||
Litigation and related expenses
|
691
|
|
|
—
|
|
||
Plant closure related costs
|
434
|
|
|
—
|
|
||
Stock-based compensation acceleration associated with Board of Directors
|
—
|
|
|
702
|
|
||
Operating expenses
(a)
|
24,834
|
|
|
4,151
|
|
||
|
|
|
|
||||
Project Terra costs and other
|
20,205
|
|
|
8,919
|
|
||
Project Terra costs and other
|
20,205
|
|
|
8,919
|
|
||
|
|
|
|
||||
Chief Executive Officer Succession Plan expense, net
|
29,701
|
|
|
—
|
|
||
Chief Executive Officer Succession Plan expense, net
|
29,701
|
|
|
—
|
|
||
|
|
|
|
||||
Accounting review and remediation costs, net of insurance proceeds
|
4,334
|
|
|
3,093
|
|
||
Accounting review and remediation costs, net of insurance proceeds
|
4,334
|
|
|
3,093
|
|
||
|
|
|
|
||||
Operating income
|
90,230
|
|
|
25,380
|
|
||
|
|
|
|
||||
Unrealized currency losses/(gains)
|
1,029
|
|
|
(3,705
|
)
|
||
Interest and other expense (income), net (b)
|
1,029
|
|
|
(3,705
|
)
|
||
|
|
|
|
||||
Income tax related adjustments
|
(14,241
|
)
|
|
(28,442
|
)
|
||
Benefit for income taxes
|
(14,241
|
)
|
|
(28,442
|
)
|
||
|
|
|
|
||||
Net income (loss) from continuing operations
|
$
|
77,018
|
|
|
$
|
(6,767
|
)
|
THE HAIN CELESTIAL GROUP, INC.
|
|||||||||||
Net Sales Growth at Constant Currency
|
|||||||||||
(unaudited and in thousands)
|
|||||||||||
|
|
|
|
|
|
||||||
|
Hain Consolidated
|
|
United Kingdom
|
|
Rest of World
|
||||||
Net sales - Three months ended 12/31/18
|
$
|
584,156
|
|
|
$
|
225,338
|
|
|
$
|
99,663
|
|
Impact of foreign currency exchange
|
10,193
|
|
|
7,141
|
|
|
3,052
|
|
|||
Net sales on a constant currency basis - Three months ended 12/31/18
|
$
|
594,349
|
|
|
$
|
232,479
|
|
|
$
|
102,715
|
|
|
|
|
|
|
|
||||||
Net sales - Three months ended 12/31/17
|
$
|
616,232
|
|
|
$
|
238,201
|
|
|
$
|
107,728
|
|
Net sales growth on a constant currency basis
|
(3.6
|
)%
|
|
(2.4
|
)%
|
|
(4.7
|
)%
|
|||
|
|
|
|
|
|
||||||
|
Hain Consolidated
|
|
United Kingdom
|
|
Rest of World
|
||||||
Net sales - Six months ended 12/31/18
|
$
|
1,144,989
|
|
|
$
|
443,915
|
|
|
$
|
197,934
|
|
Impact of foreign currency exchange
|
13,793
|
|
|
8,519
|
|
|
5,275
|
|
|||
Net sales on a constant currency basis - Six months ended 12/31/18
|
$
|
1,158,782
|
|
|
$
|
452,434
|
|
|
$
|
203,209
|
|
|
|
|
|
|
|
||||||
Net sales - Six months ended 12/31/17
|
$
|
1,205,451
|
|
|
$
|
460,646
|
|
|
$
|
210,843
|
|
Net sales growth on a constant currency basis
|
(3.9
|
)%
|
|
(1.8
|
)%
|
|
(3.6
|
)%
|
THE HAIN CELESTIAL GROUP, INC.
|
|||||||||||||||||||||
Net Sales Growth at Constant Currency
|
|||||||||||||||||||||
(unaudited and in thousands)
|
|||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Net Sales Growth at Constant Currency and Adjusted for Acquisitions, Divestitures and Other
|
|||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
|
Hain Consolidated
|
|
United States
|
|
United Kingdom
|
|
Rest of World
|
|
|
|
|
||||||||||
Net sales on a constant currency basis - Three months ended 12/31/18
|
$
|
594,349
|
|
|
$
|
259,155
|
|
|
$
|
232,479
|
|
|
$
|
102,715
|
|
|
|
|
|
||
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Net sales - Three months ended 12/31/17
|
$
|
616,232
|
|
|
$
|
270,303
|
|
|
$
|
238,201
|
|
|
$
|
107,728
|
|
|
|
|
|
||
Acquisitions
|
1,774
|
|
|
—
|
|
|
1,774
|
|
|
—
|
|
|
|
|
|
||||||
Castle contract termination
|
(4,381
|
)
|
|
—
|
|
|
(4,381
|
)
|
|
—
|
|
|
|
|
|
||||||
Project Terra SKU rationalization
|
(11,051
|
)
|
|
(9,708
|
)
|
|
—
|
|
|
(1,343
|
)
|
|
|
|
|
||||||
Net sales on a constant currency basis adjusted for acquisitions, divestitures and other - Three months ended 12/31/17
|
$
|
602,574
|
|
|
$
|
260,595
|
|
|
$
|
235,594
|
|
|
$
|
106,385
|
|
|
|
|
|
||
Net sales growth on a constant currency basis adjusted for acquisitions, divestitures and other
|
(1.4
|
)%
|
|
(0.6
|
)%
|
|
(1.3
|
)%
|
|
(3.4
|
)%
|
|
|
|
|
||||||
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
|
Tilda
|
|
Hain Daniels
|
|
Ella's Kitchen
|
|
Hain Celestial Europe
|
|
Hain Celestial Canada
|
|
Hain Ventures
|
||||||||||
Net sales growth - Three months ended 12/31/18
|
2.1
|
%
|
|
(8.1
|
)%
|
|
(0.2
|
)%
|
|
(0.4
|
)%
|
|
(12.3
|
)%
|
|
(16.8
|
)%
|
||||
Impact of foreign currency exchange
|
3.6
|
%
|
|
2.8
|
%
|
|
3.1
|
%
|
|
3.2
|
%
|
|
3.5
|
%
|
|
—
|
%
|
||||
Impact of acquisitions
|
—
|
%
|
|
(1.0
|
)%
|
|
—
|
%
|
|
—
|
%
|
|
—
|
%
|
|
—
|
%
|
||||
Impact of castle contract termination
|
—
|
%
|
|
2.5
|
%
|
|
—
|
%
|
|
—
|
%
|
|
—
|
%
|
|
—
|
%
|
||||
Impact of Project Terra SKU rationalization
|
—
|
%
|
|
—
|
%
|
|
—
|
%
|
|
—
|
%
|
|
1.8
|
%
|
|
2.8
|
%
|
||||
Net sales on a constant currency basis adjusted for acquisitions, divestitures and other - Three months ended 12/31/18
|
5.7
|
%
|
|
(3.8
|
)%
|
|
2.9
|
%
|
|
2.8
|
%
|
|
(7.0
|
)%
|
|
(14.0
|
)%
|
THE HAIN CELESTIAL GROUP, INC.
|
|||||||||||||||||||||
Net Sales Growth at Constant Currency
|
|||||||||||||||||||||
(unaudited and in thousands)
|
|||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Net Sales Growth at Constant Currency and Adjusted for Acquisitions, Divestitures and Other
|
|||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
|
Hain Consolidated
|
|
United States
|
|
United Kingdom
|
|
Rest of World
|
|
|
|
|
||||||||||
Net sales on a constant currency basis - Six months ended 12/31/18
|
$
|
1,158,782
|
|
|
$
|
503,140
|
|
|
$
|
452,434
|
|
|
$
|
203,209
|
|
|
|
|
|
||
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Net sales - Six months ended 12/31/17
|
$
|
1,205,451
|
|
|
$
|
533,962
|
|
|
$
|
460,646
|
|
|
$
|
210,843
|
|
|
|
|
|
||
Acquisitions
|
4,335
|
|
|
—
|
|
|
4,335
|
|
|
—
|
|
|
|
|
|
||||||
Castle contract termination
|
(10,323
|
)
|
|
—
|
|
|
(10,323
|
)
|
|
—
|
|
|
|
|
|
||||||
Project Terra SKU rationalization
|
(21,889
|
)
|
|
(19,414
|
)
|
|
—
|
|
|
(2,475
|
)
|
|
|
|
|
||||||
Net sales on a constant currency basis adjusted for acquisitions, divestitures and other - Six months ended 12/31/17
|
$
|
1,177,574
|
|
|
$
|
514,548
|
|
|
$
|
454,658
|
|
|
$
|
208,368
|
|
|
|
|
|
||
Net sales growth on a constant currency basis adjusted for acquisitions, divestitures and other
|
(1.6
|
)%
|
|
(2.2
|
)%
|
|
(0.5
|
)%
|
|
(2.5
|
)%
|
|
|
|
|
||||||
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
|
Tilda
|
|
Hain Daniels
|
|
Ella's Kitchen
|
|
Hain Celestial Europe
|
|
Hain Celestial Canada
|
|
Hain Ventures
|
||||||||||
Net sales growth - Six months ended 12/31/18
|
2.8
|
%
|
|
(6.3
|
)%
|
|
4.0
|
%
|
|
(0.2
|
)%
|
|
(8.9
|
)%
|
|
(17.2
|
)%
|
||||
Impact of foreign currency exchange
|
2.5
|
%
|
|
1.7
|
%
|
|
1.8
|
%
|
|
2.2
|
%
|
|
3.8
|
%
|
|
—
|
%
|
||||
Impact of acquisitions
|
—
|
%
|
|
(1.2
|
)%
|
|
—
|
%
|
|
—
|
%
|
|
—
|
%
|
|
—
|
%
|
||||
Impact of castle contract termination
|
—
|
%
|
|
3.1
|
%
|
|
—
|
%
|
|
—
|
%
|
|
—
|
%
|
|
—
|
%
|
||||
Impact of Project Terra SKU rationalization
|
—
|
%
|
|
—
|
%
|
|
—
|
%
|
|
—
|
%
|
|
1.5
|
%
|
|
2.9
|
%
|
||||
Net sales on a constant currency basis adjusted for acquisitions, divestitures and other - Six months ended 12/31/18
|
5.3
|
%
|
|
(2.7
|
)%
|
|
5.8
|
%
|
|
2.0
|
%
|
|
(3.6
|
)%
|
|
(14.3
|
)%
|