NASDAQ$OLPX

OLAPLEX HOLDINGS INC · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Olaplex reported strong third quarter results, completed its Initial Public Offering, and introduced its fiscal 2021 outlook.

Olaplex Holdings, Inc. announced financial results for the third quarter ended September 30, 2021, with net sales increasing by 81% to $161.6 million compared to the third quarter of 2020. The company also completed its initial public offering during the quarter.

  • Net sales increased 81% to $161.6 million, driven by growth across all distribution channels.
  • Gross profit increased 103% to $127.5 million, with gross margin increasing to 78.9%.
  • Net income increased 99.9% to $56.6 million, or $0.08 per diluted share.
  • Adjusted EBITDA increased 63.3% to $106.8 million, representing 66.1% of net sales.

Headline financials

Total Revenue

$162M

Previous: $110M+47.2%
EPS (adj)

$0.11

Previous: $0.01+1000.0%
Gross Profit Margin

78.9%

Previous: 70.2%+12.4%
Adjusted EBITDA Margin

66.1%

Previous: 73.1%-9.6%
Capital Expenditures

-$859K

Previous: $58K-1581.0%
Free Cash Flow

$55.7M

Previous: $84.5M-34.0%
Net Income

$56.6M

Previous: $28.3M+99.9%
Operating Income

$87M

Previous: $43.9M+98.3%
Gross Profit

$127M

Previous: $62.8M+103.1%
Cash & Equivalents

$121M

Previous: $122M-0.1%
Total Assets

$1.49B

No prior period
Stock-Based Comp

$1.95M

Previous: $937K+107.6%

Revenue & EPS history

Olaplex · Revenue · Quarterly

$162M

Q3 2021+47.2%vs Q3 2020
Beat estimate in 9 of 10 quarters(90%)
ActualEstimate

Revenue by segment

Olaplex · $162M total across 3 segments · Q3 2021

  • Professional
    $75M+57.6%
  • Specialty Retail
    $46.3M+128.1%
  • Direct-To-Consumer
    $40.3M+86.6%

Forward guidance

The Company is introducing its outlook for Fiscal Year 2021. For Fiscal 2021:(Dollars in millions)20212020 Actual% change(based on mid-point)Net Sales$580 - $588$282+107%Adjusted Net Income*$263 - $268$131+103%Adjusted EBITDA*$392 - $398$199+98%

Historical earnings impact

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

Avg. return before/after earnings

Based on 18 quarterly earnings reports

Historical avg

-0.7%

Avg return

Earnings day

+0.0%

Avg return

5 days after

+6.8%

Avg return

30 days after

43%

10 / 23 earnings

Positive

+24.6%

Q3 2023

Best reaction

-21.6%

Q2 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.2%-0.2%-0.2%
Q4 2025-17.0%-27.0%+14.0%
Q3 2025+1.9%+7.5%+17.9%
Q1 2025+3.0%-3.8%-1.5%
Q4 2024+21.7%+10.9%-15.6%
Q3 2024-4.5%-5.0%+19.6%
Q2 2024-0.5%+0.0%+24.3%
Q1 2024+15.0%+8.6%+27.1%
Q4 2023-5.7%-3.1%-0.5%
Q3 2023+24.6%+26.1%+83.3%
Q2 2023-21.6%-27.2%-31.4%
Q1 2023-10.6%-11.8%-6.3%
Q4 2022-15.3%-14.0%-24.4%
Q3 2022+13.8%+26.9%+20.7%
Q2 2022-9.7%-4.8%-25.9%
Q1 2022+6.2%+16.0%+25.3%
Q1 2021+6.2%+16.0%+25.3%
Q1 2020+9.2%+2.9%+6.8%
Q4 2021+9.2%+2.9%+6.8%
Q2 2021-10.4%-5.2%-2.2%
Q3 2021-10.4%-5.2%-2.2%
Q3 2020-10.4%-5.2%-2.2%
Q4 2020-10.4%-5.2%-2.2%
Q2 2020

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