Hain Celestial (NASDAQ: HAIN) reported Q2 EPS of $0.17, $0.02 better than the analyst estimate of $0.15. Revenue for the quarter came in at $506.8 million versus the consensus estimate of $500.93 million.

FINANCIAL HIGHLIGHTS1

Summary of Second Quarter Results from Continuing Operations2

• Net sales of $506.8 million decreased 5% on an as reported and constant currency basis compared to the prior year period.
• When adjusted for Foreign Exchange, Divestitures and Stock Keeping Unit (\"SKU\") rationalization3, net sales decreased 1% compared to the prior year period.
• Gross margin of 20.8%, a 180 basis point increase from the prior year period.
• Adjusted gross margin of 22.0%, a 220 basis point increase from the prior year period.
• Operating income of $9.2 million compared to an operating loss of $20.9 million in the prior year period.
• Adjusted operating income of $29.5 million compared to $24.4 million in the prior year period.
• Net income of $1.9 million compared to a net loss of $31.8 million in the prior year period.
• Adjusted net income of $17.6 million compared to $13.0 million in prior year period.
• EBITDA of $24.9 million compared to $12.2 million in the prior year period.
• EBITDA margin of 4.9%, a 260 basis point improvement from the prior year period.
• Adjusted EBITDA of $45.0 million compared to $37.9 million in the prior year period.
• Adjusted EBITDA margin of 8.9%, a 180 basis point increase compared to the prior year period.
• Earnings per diluted share (\"EPS\") of $0.02 compared to a loss of $0.31 per share in the prior year period.
• Adjusted EPS of $0.17 compared to $0.12 in the prior year period.

Mark L. Schiller, Hain Celestial's President and Chief Executive Officer, commented, "Our team continues to execute on our transformational strategic plan, as we demonstrate another quarter of operational and financial improvement on a year-over-year basis. We have made significant progress in a very short period of time. We are delivering on the commitments we communicated to further simplify the portfolio and organization, strengthen our core capabilities, expand our margins and cash flow as well as reinvigorate profitable sales growth in a core set of high potential brands. We remain committed to delivering strong, consistent results for all our stakeholders."

GUIDANCE:

Hain Celestial sees FY2020 EPS of $0.64-$0.74, versus the consensus of $0.70.

For earnings history and earnings-related data on Hain Celestial (HAIN) click here.