Dec 31, 2023

Nature's Sunshine Q4 2023 Earnings Report

Reported strong fourth quarter and full year results, with net income more than tripling and adjusted EBITDA increasing.

Key Takeaways

Nature's Sunshine Products reported a 6.0% increase in net sales for Q4 2023, reaching $108.9 million. GAAP net income attributable to common shareholders significantly increased to $9.0 million, or $0.46 per diluted share. Adjusted EBITDA rose by 21% to $9.7 million.

Net sales increased by 6.0% to $108.9 million.

GAAP net income attributable to common shareholders increased significantly to $9.0 million, or $0.46 per diluted share.

Adjusted EBITDA increased by 21% to $9.7 million.

The company expects full year 2024 net sales to range between $455 - $480 million, and expects adjusted EBITDA to range between $42 - $48 million.

Total Revenue
$109M
Previous year: $103M
+6.0%
EPS
$0.45
Previous year: $0.1
+350.0%
Gross Margin
71.9%
Previous year: 72.2%
-0.4%
SG&A Expenses Percentage
36.6%
Adjusted EBITDA
$9.73M
Gross Profit
$78.3M
Previous year: $74.2M
+5.6%
Cash and Equivalents
$82.4M
Previous year: $60M
+37.2%
Free Cash Flow
$8.35M
Previous year: $678K
+1131.6%
Total Assets
$250M
Previous year: $230M
+8.7%

Nature's Sunshine

Nature's Sunshine

Nature's Sunshine Revenue by Segment

Nature's Sunshine Revenue by Geographic Location

Forward Guidance

The Company expects full year 2024 net sales to range between $455 - $480 million, and expects adjusted EBITDA to range between $42 - $48 million.

Revenue & Expenses

Visualization of income flow from segment revenue to net income