Business
Nature’s Sunshine Products Reports Fourth Quarter 2019 Financial Results With Continued Margin Improvement
Fourth Quarter 2019 Highlights Net sales decreased 5.8 percent to $91.7 million from $97.4 million in 2018GAAP net income was $1.2 million compared to a net
About this update from Nature's Sunshine Products, Inc.
[{"type":"text","content":"Fourth Quarter 2019 Highlights\n Net sales decreased 5.8 percent to $91.7 million from $97.4 million in 2018GAAP net income was $1.2 million compared to a net loss of $2.8 million in the prior yearGAAP net income per diluted share was $0.05 compared to a net loss of $0.15 per share in the prior year Adjusted net income per diluted share increased to $0.05 compared to adjusted net loss of $0.06 per share in the prior year Adjusted EBITDA increased 89.2 percent to $7.6 million from $4.0 million in the prior year Full Year 2019 Highlights Net sales for 2019 decreased 0.7 percent to $362.2 million from $364.8 million in 2018 Full year GAAP net income was $6.9 million compared to a net loss of $1.2 million in the prior yearFull year GAAP net income per diluted share was $0.34 compared to a net loss of $0.04 per share in the prior year.Full year adjusted net income per diluted share increased to $0.42 compared to adjusted net loss of $0.05 per share in the prior yearFull year Adjusted EBITDA increased 77.6 percent to $31.2 million from $17.6 million in the prior year LEHI, Utah, March 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 fourth quarter ended December 31, 2019. Management Commentary “I’m extremely pleased with the progress we made in 2019 on our global transformation. We spent the last half of the year focused on our Global Growth Strategy, creating a series of groundbreaking initiatives to strengthen our brand, improve field fundamentals, expand digital capabilities, extend our manufacturing leadership, and enhance our organization capabilities. We also focused on improving profitability by implementing a comprehensive restructuring program and reducing unprofitable sales initiatives. As a result, operating profit almost tripled while adjusted EBITDA increased 77.6 percent versus prior year,” said Terrence Moorehead, Chief Executive Officer. “In 2020, our plan is to accelerate our global strategies while remaining focused on driving costs out of the business to deliver further profit improvements. In the coming months, we anticipate delivering a new and significantly improved distributor and customer experience. This includes t...