Nature's Sunshine Products (NATR) Reports Q4 Loss of $0.06 on Revenues of $97.4M
Nature's Sunshine Products (NASDAQ: NATR) reported Q4 EPS of ($0.06), versus $0.11 reported last year. Revenue for the quarter came in at $97.4 million, versus $88.3 million reported last year.
- Fourth quarter net sales increased 10.3 percent to $97.4 million from $88.3 million in the prior year
- Key drivers of fourth quarter top-line growth included Synergy Worldwide up 19.9 percent, NSP Russia, Central and Eastern Europe up 21.1 percent and NSP China up 59.6 percent
- Fourth quarter GAAP loss per share was ($0.15) compared to ($0.92) per share in the prior year
- Fourth quarter adjusted loss per share was ($0.06) compared to ($0.11) per share in the prior year
- Fourth quarter Adjusted EBITDA increased to $4.0 million from $1.0 million in the prior year
- The Company ended 2018 debt free with $50.6 million in cash and cash equivalents
“We concluded 2018 on a strong note, generating over 10 percent net sales growth during the fourth quarter. The growth was driven by sustained positive sales trends in NSP China, Synergy Asia Pacific and NSP Russia, Central and Eastern Europe. We are pleased with how our operations in China are developing, and continue to invest ahead of the growth. NSP China net sales increased 60 percent during the fourth quarter and rose 46 percent for the full year. We also continue to have good momentum in Korea, the primary driver of the Synergy Asia region,” stated Terrence Moorehead, Chief Executive Officer. “As we progress in 2019, we are working to reinvigorate our NSP Americas region with multiple specific initiatives that support our strategic objectives to become more modern, more flexible and more profitable. We see further opportunity to generate growth and capture market share, while improving the profit profile of the organization with the ultimate goal of enhancing shareholder value.”
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