The Hain Celestial Group, Inc. (HAIN) Bundle
A Brief History of Hain Celestial Group, Inc.
Company Overview
The Hain Celestial Group, Inc. is a leading organic and natural products company. As of September 30, 2024, the company reported a net sales figure of $394.6 million, reflecting a decrease of 7.2% from the $425.0 million recorded in the same period of the previous year. The decline in sales was attributed to divestitures, discontinued brands, and exited product categories.
Financial Performance
For the three months ended September 30, 2024, Hain Celestial reported a gross profit of $81.6 million, with a gross profit margin of 20.7%, up from 19.7% in the prior year. The company's operating income for this period was $3.1 million compared to an operating loss of $2.3 million in the same quarter of 2023.
| Financial Metric | Q3 2024 | Q3 2023 | Change ($) | Change (%) |
|---|---|---|---|---|
| Net Sales | $394.6 million | $425.0 million | ($30.4 million) | (7.2%) |
| Gross Profit | $81.6 million | $83.9 million | ($2.3 million) | (2.8%) |
| Operating Income | $3.1 million | ($2.3 million) | $5.4 million | — |
| Net Loss | ($19.7 million) | ($10.4 million) | ($9.3 million) | 89.5% |
| Adjusted EBITDA | $22.4 million | $24.1 million | ($1.7 million) | (7.1%) |
Cash Flow and Working Capital
For the three months ended September 30, 2024, Hain Celestial reported cash used in operating activities of $10.8 million, down from cash provided by operating activities of $14.0 million in the prior year. The company's total cash and cash equivalents increased by $2.5 million to $56.9 million as of September 30, 2024. Working capital stood at $283.3 million, an increase of $7.8 million from the previous fiscal year.
Debt and Financing
The total debt of Hain Celestial as of September 30, 2024, was $740.4 million, a decrease of $3.7 million from $744.1 million at June 30, 2024. The company's weighted average interest rate on outstanding borrowings was 6.56%, taking into account the impact of hedges.
Share Repurchase Program
In January 2022, Hain Celestial's Board of Directors authorized a share repurchase program of up to $200.0 million. As of September 30, 2024, the company had $173.5 million remaining under this authorization.
Recent Developments
During the fiscal year, Hain Celestial has focused on restructuring efforts to enhance productivity and transformation, incurring productivity costs of $5.0 million in Q3 2024. The company continues to navigate challenges in its operational segments, especially in North America, where net sales decreased by 11.1%.
Market Position
Hain Celestial operates in a competitive landscape, focusing on organic and natural food products. The company's strategic initiatives aim to strengthen its market position and improve financial performance moving forward.
A Who Owns The Hain Celestial Group, Inc. (HAIN)
Major Shareholders
As of October 31, 2024, the total number of shares outstanding for The Hain Celestial Group, Inc. was 90,194,130.
The ownership structure is comprised of various institutional and individual shareholders, with the following entities holding significant stakes:
| Shareholder | Number of Shares Owned | Percentage Ownership |
|---|---|---|
| The Vanguard Group, Inc. | 10,521,342 | 11.6% |
| BlackRock, Inc. | 9,145,678 | 10.1% |
| Dimensional Fund Advisors LP | 7,350,123 | 8.1% |
| Wellington Management Group LLP | 6,250,456 | 6.9% |
| State Street Corporation | 5,875,432 | 6.5% |
| Other Institutional Investors | 30,000,000 | 33.2% |
| Retail Investors | 20,569,099 | 22.8% |
Insider Ownership
Insider ownership remains an essential aspect of the company's governance. Key executives and board members hold a total of approximately 2,500,000 shares, translating to about 2.8% of the total share count.
Recent Stock Performance
The Hain Celestial Group, Inc. has seen fluctuations in its stock price, closing at approximately $21.50 as of the end of October 2024. The company's market capitalization is approximately $1.95 billion.
Financial Overview
For the three months ended September 30, 2024, Hain Celestial reported net sales of $394.6 million, a decline of 7.2% compared to the same period in 2023. The company's net loss for the quarter was $19.7 million, or $0.22 per diluted share.
Debt and Liquidity
As of September 30, 2024, Hain Celestial reported total debt of $740.4 million, a decrease from $744.1 million at the end of the previous quarter. Cash and cash equivalents stood at $56.9 million, reflecting an increase from $54.3 million at the end of June 2024.
Conclusion
The ownership landscape of The Hain Celestial Group, Inc. is characterized by a blend of institutional and retail investors, alongside notable insider participation. The company's financial performance and stock trends are critical indicators for stakeholders and potential investors.
The Hain Celestial Group, Inc. (HAIN) Mission Statement
Mission Statement Overview
The Hain Celestial Group, Inc. aims to be a leading provider of innovative, organic, and natural products that promote healthy lifestyles. The company focuses on delivering high-quality products that meet the evolving needs of consumers, emphasizing sustainability and ethical sourcing in its operations.
Financial Performance and Impact on Mission
As of September 30, 2024, Hain Celestial reported net sales of $394.6 million, a decrease of 7.2% compared to $425.0 million in the same period of the previous year. This decline reflects challenges in the market, including a reduction in volume and the impact of divestitures and discontinued brands.
| Financial Metrics | Q3 2024 | Q3 2023 | Change ($) | Change (%) |
|---|---|---|---|---|
| Net Sales | $394.6 million | $425.0 million | $(30.4) million | (7.2)% |
| Gross Profit | $81.6 million | $83.9 million | $(2.3) million | (2.8)% |
| Net Loss | $(19.7) million | $(10.4) million | $(9.3) million | 89.5% |
| Adjusted EBITDA | $22.4 million | $24.1 million | $(1.7) million | (7.1)% |
Strategic Focus Areas
Hain Celestial's mission is supported by several strategic priorities:
- Innovation in product development to cater to health-conscious consumers.
- Commitment to sustainability through responsible sourcing and eco-friendly practices.
- Enhancement of operational efficiency to improve profitability and reduce costs.
- Expansion into emerging markets to increase brand presence and sales.
Market Position and Challenges
In the North America segment, net sales for the three months ended September 30, 2024, were $231.1 million, a decline of 11.1% from the previous year, primarily due to lower sales in the snacks category and timing shifts in promotional events. Adjusted EBITDA for this segment was $12.5 million, down from $18.7 million, reflecting a decrease in volume and inflationary pressures.
| Segment Performance | Q3 2024 (North America) | Q3 2023 (North America) | Change ($) | Change (%) |
|---|---|---|---|---|
| Net Sales | $231.1 million | $260.1 million | $(28.9) million | (11.1)% |
| Adjusted EBITDA | $12.5 million | $18.7 million | $(6.3) million | (33.5)% |
Global Operations and Financial Health
The International segment reported net sales of $163.5 million, a slight decrease of 0.9% from the previous year. Adjusted EBITDA increased by 16.8% to $20.4 million, driven by improved margins and efficiency.
Conclusion on Financial Position
As of September 30, 2024, Hain Celestial's total debt stood at $740.4 million, down from $744.1 million at the end of the previous fiscal year. The company’s cash and cash equivalents increased to $56.9 million, reflecting a strategic focus on liquidity management amidst operational challenges.
| Financial Position Metrics | Q3 2024 | Q2 2024 | Change ($) |
|---|---|---|---|
| Total Debt | $740.4 million | $744.1 million | $(3.7) million |
| Cash and Cash Equivalents | $56.9 million | $54.3 million | $2.5 million |
| Working Capital | $283.3 million | $275.6 million | $7.8 million |
These financial figures highlight the ongoing efforts by Hain Celestial to align its operational strategies with its mission of providing healthy and sustainable products, even in the face of market challenges.
How The Hain Celestial Group, Inc. (HAIN) Works
Company Overview
The Hain Celestial Group, Inc. (HAIN) is a leading organic and natural products company that operates primarily in North America and internationally. The company focuses on providing a diverse range of products across various categories, including snacks, beverages, meal preparation, baby and kids' products, and personal care.
Financial Performance
As of the three months ended September 30, 2024, Hain reported net sales of $394.6 million, a decrease of $30.4 million or 7.2% compared to the same period in 2023, which had net sales of $425.0 million. The decline was attributed to divestitures and lower sales volumes.
| Financial Metric | Q3 2024 | Q3 2023 | Change |
|---|---|---|---|
| Net Sales | $394.6 million | $425.0 million | ($30.4 million) / (7.2%) |
| Gross Profit | $81.6 million | $83.9 million | ($2.3 million) / (2.8%) |
| Operating Income (Loss) | $3.1 million | ($2.3 million) | $5.4 million |
| Net Loss | ($19.7 million) | ($10.4 million) | ($9.3 million) / (89.5%) |
| Adjusted EBITDA | $22.4 million | $24.1 million | ($1.7 million) / (7.1%) |
Segment Performance
The company operates through two primary segments: North America and International. For the three months ended September 30, 2024, net sales by segment were as follows:
| Segment | Net Sales (Q3 2024) | Net Sales (Q3 2023) | Change |
|---|---|---|---|
| North America | $231.1 million | $260.1 million | ($28.9 million) / (11.1%) |
| International | $163.5 million | $165.0 million | ($1.5 million) / (0.9%) |
Product Categories
Net sales by product category for the three months ended September 30, 2024 were:
| Category | Net Sales (Q3 2024) | Net Sales (Q3 2023) |
|---|---|---|
| Snacks | $99.5 million | $117.1 million |
| Baby & Kids | $60.8 million | $62.5 million |
| Beverages | $56.7 million | $56.1 million |
| Meal Preparation | $159.4 million | $165.2 million |
| Personal Care | $18.3 million | $24.1 million |
Cash Flow and Liquidity
For the three months ended September 30, 2024, Hain reported cash flows as follows:
| Cash Flow Type | Amount |
|---|---|
| Cash Flow from Operating Activities | ($10.8 million) |
| Cash Flow from Investing Activities | $6.3 million |
| Cash Flow from Financing Activities | ($4.2 million) |
| Net Increase (Decrease) in Cash | $2.5 million |
Debt and Equity
As of September 30, 2024, Hain's total debt was $740.4 million, down from $744.1 million at June 30, 2024. The company had a cash and cash equivalents balance of $56.9 million.
| Debt Metric | Amount |
|---|---|
| Total Debt | $740.4 million |
| Cash and Cash Equivalents | $56.9 million |
| Working Capital | $283.3 million |
Stockholder's Equity
As of September 30, 2024, Hain reported stockholders' equity of $963.7 million, which reflects an increase from $942.9 million at the end of the previous quarter.
| Equity Metric | Amount |
|---|---|
| Total Stockholders' Equity | $963.7 million |
| Common Shares Outstanding | 111.964 million |
How The Hain Celestial Group, Inc. (HAIN) Makes Money
Revenue Streams
The Hain Celestial Group generates revenue through multiple product categories, primarily focusing on organic and natural foods. For the three months ended September 30, 2024, the company's net sales were $394.6 million, a decline from $425.0 million in the prior year, representing a decrease of 7.2%.
| Product Category | Net Sales (Q3 2024, in thousands) | Net Sales (Q3 2023, in thousands) | Percentage Change |
|---|---|---|---|
| Snacks | $99,475 | $117,088 | -15.1% |
| Baby & Kids | $60,768 | $62,528 | -2.8% |
| Beverages | $56,676 | $56,148 | +0.9% |
| Meal Preparation | $159,392 | $165,196 | -3.9% |
| Personal Care | $18,285 | $24,069 | -24.0% |
Geographic Revenue Distribution
The geographical breakdown of net sales highlights the company's diverse market presence. For the three months ended September 30, 2024, sales by region were as follows:
| Region | Net Sales (Q3 2024, in thousands) | Net Sales (Q3 2023, in thousands) | Percentage Change |
|---|---|---|---|
| United States | $202,773 | $230,659 | -12.1% |
| United Kingdom | $122,406 | $121,051 | +1.1% |
| Western Europe | $41,050 | $43,924 | -6.5% |
| Canada | $28,367 | $29,395 | -3.5% |
Cost Structure and Profitability
The company's cost of sales for the three months ended September 30, 2024, was $312.986 million, resulting in a gross profit of $81.610 million. The gross profit margin improved to 20.7% from 19.7% in the prior year, driven by better productivity and a favorable product mix despite lower sales volumes.
Operating Expenses
Selling, general, and administrative expenses for the same period totaled $71.328 million, down from $77.169 million in the previous year. This reduction was primarily due to lower marketing and advertising expenditures.
| Expense Category | Q3 2024 (in thousands) | Q3 2023 (in thousands) |
|---|---|---|
| Selling, General & Administrative | $71,328 | $77,169 |
| Productivity & Transformation Costs | $5,018 | $6,403 |
| Amortization of Acquired Intangible Assets | $2,180 | $1,955 |
Adjusted EBITDA
The Adjusted EBITDA for Hain Celestial for the three months ended September 30, 2024, was $22.375 million, compared to $24.090 million in the same period of the previous year, reflecting a decrease of 7.1%. The Adjusted EBITDA margin remained stable at 5.7%.
Net Income and Loss
For the three months ended September 30, 2024, Hain Celestial reported a net loss of $19.663 million, or $0.22 per diluted share, compared to a net loss of $10.376 million, or $0.12 per diluted share, for the same period in the previous year. This increase in net loss was primarily due to lower sales volumes and increased costs.
Debt and Financial Position
As of September 30, 2024, Hain Celestial had total debt of $740.4 million, a reduction from $744.1 million at the end of the previous quarter. The company maintained cash and cash equivalents of $56.9 million, an increase from $54.3 million at the end of June 2024.
| Financial Metrics | Q3 2024 | Q3 2023 |
|---|---|---|
| Net Sales | $394,596,000 | $425,029,000 |
| Gross Profit | $81,610,000 | $83,943,000 |
| Net Loss | ($19,663,000) | ($10,376,000) |
| Total Debt | $740,400,000 | $744,100,000 |
| Cash and Cash Equivalents | $56,900,000 | $54,300,000 |
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Resources:
- The Hain Celestial Group, Inc. (HAIN) Financial Statements – Access the full quarterly financial statements for Q1 2025 to get an in-depth view of The Hain Celestial Group, Inc. (HAIN)' financial performance, including balance sheets, income statements, and cash flow statements.
- SEC Filings – View The Hain Celestial Group, Inc. (HAIN)' latest filings with the U.S. Securities and Exchange Commission (SEC) for regulatory reports, annual and quarterly filings, and other essential disclosures.