NASDAQ$HAIN

Hain Celestial · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Hain Celestial's financial performance exceeded expectations, with net sales increasing and full-year guidance raised.

Hain Celestial reported a 1% increase in net sales to $553.3 million in Q3 2020, marking the first year-over-year growth since fiscal 2018. The company's transformation plan and increased food-at-home consumption drove the positive results. Consequently, the company raised its full year guidance for 2020.

  • Net sales increased by 1% to $553.3 million, or 2% on a constant currency basis.
  • Gross margin increased to 23.9%, a 324 basis point increase year-over-year.
  • Earnings per diluted share (EPS) reached $0.24, compared to $0.08 in the prior year period.
  • The Company repurchased 2.4 million shares, or 2.3% of the outstanding common stock.

Headline financials

Total Revenue

$553M

Previous: $600M-7.8%
EPS (adj)

$0.28

Previous: $0.21+33.3%
Adjusted EBITDA

$60.7M

Previous: $49.1M+23.5%
Adjusted EBITDA Margin

11.0%

No prior period
Capital Expenditures

-$47M

Previous: -$55.9M+16.0%
Free Cash Flow

-$22.6M

Previous: -$122M+81.4%
Net Income

$24.3M

Previous: -$65.8M+137.0%
Operating Income

$19.1M

Previous: $23.9M-19.8%
Gross Profit

$132M

Previous: $125M+5.7%
Cash & Equivalents

$41.5M

Previous: $27.6M+50.7%
Total Assets

$2.24B

Previous: $2.78B-19.5%
Stock-Based Comp

$3.76M

Previous: $3.94M-4.5%

Revenue & EPS history

Hain Celestial · Revenue · Quarterly

$553M

Q3 2020-7.8%vs Q3 2019
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Hain Celestial · $553M total across 2 segments · Q3 2020

  • North America
    $320M+1.9%
  • International
    $233M-0.0%

Forward guidance

The Company now expects all profit metrics for the full year ending June 30, 2020 to be higher than their previously provided ranges as a result of the ongoing execution of our transformation plan and higher food-at-home consumption related to the COVID-19 pandemic.

Tailwinds

  • Ongoing execution of transformation plan.
  • Higher food-at-home consumption related to the COVID-19 pandemic.
  • Adjusted EBITDA between $190 Million to $200 Million.
  • Constant Currency Adjusted EBITDA between $195 Million to $205 Million.
  • Adjusted EPS between $0.75 to $0.82.

Headwinds

  • Magnitude and duration of increased demand remains uncertain.
  • Challenge to maintain the level of supply needed to keep up with the increased demand.
  • Assumes its supply chain continues to operate with minimal disruption for the remainder of fiscal 2020.
  • Excludes acquisition and divestiture related expenses
  • Excludes integration charges

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q3 2020

Historical avgQ3 2020

-1.5%

Avg return

Earnings day

-1.9%

Avg return

5 days after

-2.3%

Avg return

30 days after

46%

31 / 67 earnings

Positive

+20.9%

Q4 2024

Best reaction

-48.4%

Q3 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026+12.9%+17.4%-3.7%
Q2 2026-19.5%-22.0%-48.0%
Q1 2026+14.4%+32.7%-3.7%
Q3 2025-48.4%-36.1%-36.1%
Q2 2025-10.7%-13.6%-11.3%
Q1 2025-16.7%-24.9%-7.1%
Q4 2024+20.9%+17.1%+20.9%
Q3 2024+5.6%+14.1%+13.4%
Q2 2024-11.9%-12.7%-17.4%
Q1 2024-6.0%-3.6%-6.7%
Q4 2023-2.5%-9.1%-16.4%
Q3 2023-14.4%-19.8%-31.0%
Q2 2023-10.0%-12.8%-19.6%
Q1 2023+1.4%+10.6%-8.1%
Q4 2022-13.9%-17.0%-31.1%
Q3 2022-24.9%-20.7%-22.6%
Q2 2022+1.4%+2.1%-5.9%
Q1 2022+5.0%-9.0%-14.9%
Q4 2021-9.7%-6.5%+0.1%
Q3 2021+0.0%-0.9%+0.2%
Q2 2021+4.5%+6.2%+7.3%
Q1 2021+2.1%+11.9%+13.8%
Q4 2020-4.4%-7.5%-4.3%
Q3 2020+10.9%+16.7%+11.3%
Q2 2020+9.3%+7.6%-6.2%
Q1 2020+7.0%+5.7%+3.9%
Q4 2019+3.8%+4.4%+17.3%
Q3 2019-3.7%+0.6%-11.5%
Q2 2019-10.6%+1.5%+20.9%
Q1 2019-14.9%-15.5%-26.1%
Q4 2018-3.6%-0.2%-7.5%
Q3 2018-2.2%-2.5%-3.4%
Q2 2018-5.5%-8.7%-2.3%
Q1 2018+1.6%+3.8%+19.0%
Q4 2017-2.4%-2.6%+0.2%
Q3 2017-4.7%+4.8%+32.0%
Q1 2017-4.7%+4.8%+32.0%
Q2 2017-4.7%+4.8%+32.0%
Q4 2016-4.7%+4.8%+32.0%
Q3 2016+9.0%
Q2 2016-4.2%
Q1 2016-4.8%
Q4 2015-6.2%
Q3 2015-0.5%
Q2 2015+6.2%
Q1 2015+1.0%
Q4 2014+10.2%
Q3 2014+8.0%
Q2 2014-4.5%
Q1 2014+3.8%
Q4 2013+9.5%
Q3 2013-1.8%
Q2 2013+1.0%
Q1 2013-1.0%
Q4 2012+19.4%
Q3 2012-0.6%
Q2 2012+1.5%
Q1 2012-1.3%
Q4 2009+1.0%
Q4 2011+1.0%
Q3 2011+1.5%
Q3 2010+1.5%
Q2 2011+1.6%
Q2 2010+1.6%
Q4 2010-0.8%
Q1 2010-0.8%
Q1 2011-0.8%

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