Hain Celestial income up 44% in year on acquisitions
MELVILLE, N.Y. — Increased sales and strength from acquisitions contributed to a 44% increase in income for The Hain Celestial Group during fiscal year 2012.
For the year ended June 30, the company had income of $79,225,000, equal to $1.79 per share on the common stock, which compared with $54,982,000, or $1.27 per share, during the previous year. Sales for the year were $1,378,247,000, up 24% from $1,108,546,000 during fiscal 2011.
“We finished fiscal year 2012 with strong results across our key performance measures as consumption in the United States accelerated during the year to the highest levels in the company’s history as consumers continued to seek out our products,” said Irwin D. Simon, founder, president and chief executive officer. “With new product innovation, increased sales opportunities in various channels of distribution and global geographies, along with productivity initiatives, our year ended with solid results across all of our segments.”
During the year, the company completed three acquisitions: The Daniels Group in the United Kingdom, Cully & Sully brand fresh chilled soups in Ireland and Europe’s Best frozen fruits and vegetables in Canada.
For the fourth quarter ended June 30, the company saw income rise 82% to $23,290,000, or 52c per share, which compared with $12,848,000, or 29c per share, during the same quarter of the previous year. Sales for the quarter were $350,792,000, up 22% from $286,873,000.
“I am pleased with the smart strategic acquisitions the company has made,” Mr. Simon said. “Our acquisitions of The Greek Gods Greek-style yogurt and Sensible Portions snacks have experienced double-digit growth under Hain Celestial’s ownership over the past two years. This year, we integrated GG UniqueFiber crackers from Norway into our United States distribution and Danival organic products from France into Hain Celestial Europe. Most recently, our acquisition of Daniels Group in the United Kingdom has provided us with a strong base for fresh chilled products, including soup, which we look forward to launching in the United States marketplace in the near future, as well as a platform to launch Linda McCartney chilled ready meals and The Greek Gods Greek-style yogurt in the United Kingdom.”