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Jun 30, 2021
Hain Celestial Q4 2021 Earnings Report
Hain Celestial's financial performance was reported for the fourth quarter and fiscal year ended June 30, 2021, with net income improving and adjusted EBITDA growing.
Key Takeaways
Hain Celestial reported solid fourth quarter and full fiscal year 2021 results, with net income improving by $37 million and adjusted EBITDA growth of 10%. The company also announced an incremental $300 million share repurchase authorization and provided fiscal year 2022 guidance.
Net sales decreased 12% to $450.7 million, or 17% on a constant currency basis.
Net income of $40.5 million compared to $3.7 million in the prior year period.
Adjusted EPS of $0.39 compared to $0.32 in the prior year period.
Adjusted EBITDA of $68.1 million compared to $62.2 million in the prior year period.
Hain Celestial
Hain Celestial
Hain Celestial Revenue by Segment
Hain Celestial Revenue by Geographic Location
Revenue by Segment
North America Revenue
CapyFin.comInternational Revenue
CapyFin.comRevenue by Geographic Location
North America Revenue
CapyFin.comInternational Revenue
CapyFin.com Forward Guidance
For fiscal year 2022, the Company expects low single digit adjusted net sales growth, adjusted gross margin expansion, and mid to high single digit adjusted EBITDA growth.
Positive Outlook
- Low single digit adjusted net sales growth
- Adjusted gross margin expansion
- Mid to high single digit adjusted EBITDA growth
- Full year adjusted net sales growth of high single digits relative to fiscal 2019
- Adjusted EBITDA and EBITDA margin growth of at least 65% and 500 bps, respectively, relative to fiscal 2019
Challenges Ahead
- Net sales to be down low to mid single digits on an adjusted basis in the first half of fiscal year 2022
- Adjusted EBITDA to be close to flat in the first half of fiscal year 2022
- Net sales to be up by mid to high single digits in the second half
- Adjusted EBITDA to be up high single digits to low double digits in the second half
- A mid to high teens adjusted EBITDA decrease compared to the first quarter of fiscal year 2021
Revenue & Expenses
Visualization of income flow from segment revenue to net income