NASDAQ$NATR

Natures Sunshine Prods Inc · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

Nature's Sunshine had a strong second quarter in 2023 with net sales up 12% and adjusted EBITDA up 26%.

Nature's Sunshine reported a strong second quarter in 2023, with net sales increasing by 12% to $116.5 million and adjusted EBITDA up by 26% to $11.3 million. The company's GAAP net income attributable to common shareholders increased significantly to $2.4 million, or $0.12 per diluted common share. The growth was driven by strength in Asia/Pacific, stabilization in Central and Eastern Europe, and a return to growth in North America.

  • Net sales increased by 12% to $116.5 million compared to $104.2 million.
  • Gross margin increased 90 basis points to 72.6% compared to 71.7%.
  • GAAP net income attributable to common shareholders increased significantly to $2.4 million, or $0.12 per diluted common share, compared to $0.5 million, or $0.03 per diluted common share.
  • Adjusted EBITDA increased 26% to $11.3 million compared to $9.0 million.

Headline financials

Total Revenue

$117M

Previous: $104M+11.9%
EPS (adj)

$0.12

Previous: $0.03+300.0%
Gross Profit Margin

72.6%

No prior period
Adjusted EBITDA

$11.3M

No prior period
Capital Expenditures

-$4.75M

Previous: -$3.76M-26.4%
Free Cash Flow

-$2.33M

Previous: -$3.24M+28.3%
Net Income

$2.42M

Previous: $516K+369.4%
Operating Income

$7.04M

Previous: $5.76M+22.3%
Gross Profit

$84.6M

Previous: $74.7M+13.3%
Cash & Equivalents

$69M

Previous: $56.3M+22.4%
Total Assets

$236M

Previous: $233M+1.3%
Stock-Based Comp

$1.44M

Previous: $540K+166.1%

Revenue & EPS history

Nature's Sunshine · Revenue · Quarterly

$117M

Q2 2023+11.9%vs Q2 2022
Beat estimate in 11 of 14 quarters(79%)
ActualEstimate

Forward guidance

The Company expects full year 2023 net sales to range between $440 - $455 million and adjusted EBITDA to range between $34 - $38 million.

Historical earnings impact

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

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2023

Historical avgQ2 2023

+0.4%

Avg return

Earnings day

+4.0%

Avg return

5 days after

+5.6%

Avg return

30 days after

54%

35 / 65 earnings

Positive

+32.0%

Q3 2017

Best reaction

-17.5%

Q1 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-6.9%-14.7%-24.5%
Q4 2026-1.3%-3.0%+7.4%
Q3 2025+30.9%+50.7%+59.4%
Q1 2025+6.5%+16.4%+16.9%
Q4 2024-6.8%-9.3%-16.9%
Q3 2024+4.8%+15.5%+12.7%
Q2 2024-14.5%-11.7%-11.6%
Q1 2024-17.5%-13.8%-19.6%
Q4 2023+15.4%+16.6%+12.2%
Q3 2023-2.0%-4.6%-5.1%
Q2 2023+6.2%+17.8%+15.6%
Q1 2023-0.8%-0.9%+12.4%
Q4 2022+2.9%+8.4%+3.9%
Q3 2022+1.3%+2.5%+3.3%
Q2 2022-4.5%-6.3%-14.1%
Q1 2022-16.6%-21.9%-25.9%
Q4 2021-1.6%+0.8%+2.7%
Q3 2021+8.6%+8.4%+8.7%
Q2 2021-0.3%-1.2%+2.0%
Q1 2021+1.3%-5.3%-0.0%
Q4 2020+10.4%+7.7%+11.0%
Q3 2020+10.5%+16.0%+31.8%
Q2 2020+9.0%+12.6%+12.0%
Q1 2020+1.6%+2.7%+7.8%
Q4 2019-11.4%-14.3%+0.1%
Q3 2019-6.0%-5.4%-1.4%
Q2 2019+0.9%+6.9%-0.1%
Q1 2019+1.7%+2.1%-4.7%
Q4 2018+13.5%+37.1%+30.0%
Q3 2018+2.8%-4.7%-3.9%
Q2 2018+11.0%+9.8%+7.3%
Q1 2018-7.6%-8.6%-10.7%
Q4 2017-0.9%-0.4%-10.1%
Q3 2017+32.0%+42.5%+34.3%
Q2 2017-15.3%-15.7%-19.0%
Q1 2017-0.6%+0.6%+58.5%
Q4 2016-14.2%-12.0%-11.6%
Q3 2016+16.5%+19.8%+27.4%
Q2 2016+3.2%+13.5%+18.6%
Q1 2016-5.8%
Q4 2015+4.5%
Q3 2015+1.4%
Q2 2015+0.2%
Q1 2015+0.1%
Q4 2014-7.8%
Q3 2014+1.8%
Q2 2014+1.6%
Q1 2014+3.6%
Q4 2013-10.8%
Q3 2013-4.0%
Q2 2013+1.7%
Q1 2013+5.9%
Q4 2009-3.5%
Q4 2012-7.3%
Q3 2012-12.7%
Q2 2012+1.5%
Q1 2011+4.1%
Q1 2012+0.6%
Q4 2011+10.9%
Q3 2011-6.4%
Q3 2010-6.4%
Q4 2010-6.4%
Q2 2011-6.4%
Q2 2010-6.4%
Q1 2010+10.0%

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