Hain Celestial reported a 4% increase in net sales to $528.4 million and a gross margin of 24.6%, a 376 basis point increase. Operating income was $13.0 million, and net income reached $2.2 million. Adjusted EBITDA was $62.2 million, with an adjusted EBITDA margin of 11.8%.
Net sales increased 4% to $528.4 million.
Gross margin increased to 24.6%, a 376 basis point increase.
Operating income was $13.0 million compared to $9.2 million in the prior year period.
Adjusted EBITDA grew to $62.2 million compared to $45.0 million in the prior year period.
The Company reaffirms its expectation for gross and adjusted EBITDA margin expansion as well as strong double-digit adjusted EBITDA and operating free cash flow growth for fiscal year 2021. However, for the third quarter fiscal year 2021, in comparison to the prior year period, the Company expects strong gross margin and EBITDA margin improvement and adjusted EBITDA growth near 10%.
Visualization of income flow from segment revenue to net income