Helen of Troy Limited Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended November 30, 2015; Provides Earnings Guidance for the Fiscal Year 2016
January 08, 2016 at 02:31 am IST
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Helen of Troy Limited reported unaudited consolidated earnings results for the third quarter and nine months ended November 30, 2015. For the quarter, the company reported sales revenue, net of $445,503,000 compared to $435,674,000 a year ago. Operating income was $55,633,000 compared to $65,043,000 a year ago. Adjusted operating income was $71,410,000 compared to $73,223,000 a year ago. Income before income taxes was $53,034,000 compared to $60,957,000 a year ago. Adjusted income before income taxes was $68,811,000 compared to $69,137,000 a year ago. Net income was $46,778,000 or $1.63 per diluted share compared to $55,377,000 or $1.92 per diluted share a year ago. Adjusted net income was $59,172,000 or $2.07 per diluted share compared to $62,557,000 or $2.17 per diluted share a year ago. Adjusted EBITDA was $75,367,000 compared to $77,025,000 a year ago. The increase in net sales revenue includes a negative impact of 2.0% from foreign currency fluctuations. Operating income was primarily reflecting the negative impact of foreign currency fluctuations, CEO succession costs of $6.7 million and the comparative impact of a $7 million gain from a license amendment recorded in the same period last year.
For the nine months period, the company reported sales revenue, net of $1,159,977,000 compared to $1,067,401,000 a year ago. Operating income was $114,608,000 compared to $35,577,000 a year ago. Adjusted operating income was $151,345,000 compared to $148,346,000 a year ago. Income before income taxes was $106,706,000 compared to $35,577,000 a year ago. Adjusted income before income taxes was $143,443,000 compared to $136,992,000 a year ago. Net income was $91,640,000 or $3.17 per diluted share compared to $31,254,000 or $1.07 per diluted share a year ago. Adjusted net income was $122,207,000 or $4.23 per diluted share compared to $121,868,000 or $4.19 per diluted share a year ago. Adjusted EBITDA was $162,572,000 compared to $159,181,000 a year ago.
For the fiscal year 2016, the company expects consolidated net sales revenue in the range of $1.500 to $1.536 billion and diluted EPS (GAAP) in the range of $4.18 to $4.48, including after-tax non-cash asset impairment charges and CEO succession costs of $0.09 and $0.16 per share, respectively. The company continues to expect consolidated adjusted diluted EPS (non-GAAP) to be in the range of $5.50 to $5.85, which excludes after-tax non-cash asset impairment charges, CEO succession costs, non-cash share-based compensation expense and intangible asset amortization expense.
Helen of Troy Limited is a global consumer products company. The Company offers products and solutions for its customers through a diversified portfolio of brands, including OXO, Hydro Flask, Osprey, Vicks, Braun, Honeywell, PUR, Hot Tools and Drybar. It operates in two business segments: Home & Outdoor and Beauty & Wellness. The Home & Outdoor segment provides a range of consumer products for home activities, such as food preparation, cooking, cleaning, and organization; as well as products for outdoor and on the go activities such as hydration, food storage, backpacks, and travel gear. This segment sells primarily to retailers as well as through its direct-to-consumer channel. The Beauty & Wellness segment provides beauty and wellness products including mass and prestige market beauty appliances, prestige market liquid-based hair and personal care products, and wellness devices including thermometers, water and air filtration systems, humidifiers, and fans.
Helen of Troy Limited Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended November 30, 2015; Provides Earnings Guidance for the Fiscal Year 2016