Nature's Sunshine reported record fourth-quarter net sales of $101.7 million, an 11% increase year-over-year. GAAP net income significantly increased to $6.7 million, or $0.29 per diluted share, compared to $1.2 million, or $0.05 per diluted share in the same quarter last year. The company's board of directors declared a special cash dividend of $1.00 per share and announced a $15 million share repurchase program.
Net sales increased 11% to a company record $101.7 million.
GAAP net income increased 445% to $6.7 million, or $0.29 per diluted share.
Adjusted net income per diluted share was $0.32, compared to $0.05 in the same period last year.
The Board of Directors declared a special cash dividend of $1.00 per share and authorized a $15 million share repurchase program.
Nature's Sunshine's capital allocation initiatives will be prioritized in three areas: maintaining financial strength and stability, investing in incremental organic growth or strategic M&A opportunities, and future dividends or targeted share repurchases.
Visualization of income flow from segment revenue to net income