Nature's Sunshine Q3 2024 Earnings Report
Key Takeaways
Nature's Sunshine reported a 3% increase in net sales to $114.6 million for the third quarter of 2024, driven by strong customer growth in Japan and Taiwan, and progress in Korea. GAAP net income attributable to common shareholders increased to $4.3 million, or $0.23 per diluted common share. The positive momentum was offset by macroeconomic headwinds in China.
Net sales were up 3% to $114.6 million compared to $111.2 million in the same year-ago quarter.
GAAP net income attributable to common shareholders was $4.3 million, or $0.23 per diluted common share, compared to $2.8 million, or $0.15 per diluted common share.
Adjusted EBITDA was up 5% to $10.7 million compared to $10.3 million in the prior year quarter.
The company expects full year 2024 net sales to range between $443 - $448 million and adjusted EBITDA to range between $40 - $42 million.
Nature's Sunshine
Nature's Sunshine
Nature's Sunshine Revenue by Segment
Nature's Sunshine Revenue by Geographic Location
Forward Guidance
Nature's Sunshine now expects full year 2024 net sales to range between $443 - $448 million and adjusted EBITDA to range between $40 - $42 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income