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.