Page 1

EX - 99.1 2 exhibit991 pressrelease - ear.htm EX - 99.1 HAIN CELESTIAL Exhibit 99.1 Hain Celestial Reports Third Quarter Fiscal Year 2021 Financial Results 244 Basis Point Expansion of Gross Margin Net Income Growth of 37 % Adjusted EBITDA Growth of 22 % Gross Margin Improvement and Adjusted EBITDA Growth Expected to Continue Lake Success , NY , May 6 , 2021 - The Hain Celestial Group , Inc. ( Nasdaq : HAIN ) ( " Hain Celestial ” , “ Hain ” or the " Company " ) , a leading organic and natural products company with operations in North America , Europe , Asia and the Middle East providing consumers with A Healthier Way of Life TM , today reported financial results for the third quarter ended March 31 , 2021. The results contained herein are presented with the Hain Pure Protein and Tilda operating segments being treated as discontinued operations . All growth comparisons are against the corresponding prior year period unless otherwise noted . Mark L. Schiller , Hain Celestial's President and Chief Executive Officer , commented , " We are pleased with our strong third quarter results . We successfully lapped the March 2020 stock up period to deliver sales in line with our guidance , several hundred basis points of margin improvement and strong adjusted EBITDA growth . I am extremely proud of our team which continues to execute more than a full year into this challenging macro operating environment . As a result , I remain confident we will continue to see growth in our get bigger businesses , solid margin expansion and profit growth as we progress through the remainder of fiscal year 2021. " FINANCIAL HIGHLIGHTS1 Summary of Third Quarter Results from Continuing Operations² • Net sales decreased 11 % to $ 492.6 million compared to the prior year period . When adjusted to exclude the effects of foreign exchange , divestitures and discontinued brands , net sales decreased 6 % compared to the prior year period . Gross margin of 26.4 % , a 244 basis point increase from the prior year period . Adjusted gross margin of 27.4 % , a 317 basis point increase from the prior year period . Operating income of $ 49.6 million compared to $ 19.1 million in the prior year period . Adjusted operating income of $ 59.7 million compared to $ 45.7 million in the prior year period . Net income of $ 34.3 million compared to $ 25.0 million in the prior year period . • Adjusted net income of $ 44.7 million compared to $ 28.8 million in the prior year period . Adjusted EBITDA of $ 73.8 million compared to $ 60.7 million in the prior year period . • Earnings per diluted share ( " EPS ” ) of $ 0.34 compared to $ 0.24 in the prior year period . • Adjusted EPS of $ 0.44 compared to $ 0.28 in the prior year period . Adjusted EBITDA margin of 15.0 % , a 400 basis point increase compared to the prior year period . Repurchased 0.2 million shares , or 0.2 % of the outstanding common stock , at an average price of $ 41.86 per share . 1This press release includes certain non - GAAP financial measures , which are intended to supplement , not substitute for , comparable GAAP financial measures . Reconciliations of non - GAAP financial measures to GAAP financial measures and other non - GAAP financial calculations are provided herein in the tables . 2Unless otherwise noted all results included in this press release are from continuing operations . The Hain Celestial Group , Inc. ⚫ 1111 Marcus Avenue ⚫ Lake Success , NY 11042 516-587-5000⚫ www.hain.com 1