Business
Nature’s Sunshine Products Reports First Quarter 2020 Financial Results With Margin Improvement
First Quarter 2020 Highlights Net sales increased 5.1 percent to $95.9 million from $91.3 million in 2019GAAP net income was $3.0 million compared to $1.7
About this update from Nature's Sunshine Products, Inc.
[{"type":"text","content":"First Quarter 2020 Highlights\n Net sales increased 5.1 percent to $95.9 million from $91.3 million in 2019GAAP net income was $3.0 million compared to $1.7 million in the prior yearGAAP net income per diluted share was $0.15 compared to $0.09 per share in the prior year Adjusted net income per diluted share decreased to $0.12 compared to $0.14 per share in the prior year Adjusted EBITDA increased 32.5 percent to $9.7 million from $7.3 million in the prior year LEHI, Utah, May 11, 2020 (GLOBE NEWSWIRE) -- Nature’s Sunshine Products, Inc. (NASDAQ: NATR), a leading natural health and wellness company engaged in the manufacture and sale of nutritional and personal care products, today reported its financial results for the first quarter ended March 31, 2020. Management Commentary “We are extremely proud and appreciative of the entire Nature’s Sunshine global team for adapting, navigating and delivering on our mission of supporting the health and wellness of our consumers during these unprecedented times. We took early action to prepare and then respond to the current challenges. Our first and primary goal was to ensure the health and safety of our employees, distributors, partners and customers. We immediately established procedures to comply with established safety protocols, ensuring our production and distribution operations could effectively, and safely, meet strong consumer demand. We were successful, supporting a rapid acceleration of sales in several markets as the pandemic escalated. While this initial surge is not expected to continue in the second quarter as volumes have begun to normalize more recently and macro economic challenges will be difficult to forecast, we have seen the strong foundation and demand for Nature’s Sunshine products globally,” said Terrence Moorehead, Chief Executive Officer. \"During the first quarter, we generated nearly 7 percent local currency net sales growth, including a return to growth in North America. Our cost savings measures contributed to continued strong net income and adjusted EBITDA growth. We continued to see the benefits of our global strategies and remain on track to implement the additional key initiatives planned for 2020. Once again, I wish to thank all of our employees, distributors, customers and partners for their support and dedication. Our mission is a vital one and we hav...