Hain Celestial Q4 Profit Rises, Names Stephen Smith EVP, CFO - Quick Facts

(RTTNews) - The Hain Celestial Group, Inc. (HAIN) Wednesday reported fourth-quarter profit of $25.9 million or $0.53 per share, up from $23.39 million or $0.50 per share in the comparable quarter last year.

Income from continuing operations dropped to $25.93 million or $0.53 per share from $35.67 million or $0.77 per share last year.

Adjusted earnings for the quarter was $31.7 million or $0.65 per share. On average, 14 analysts polled by Thomson Reuters expected the company to earn $0.62 per share for the quarter. Analysts' estimates typically exclude special items.

Sales increased 32.1 percent to $463.5 million from $350.8 million last year. Analysts expected sales of $454.75 million.

Hain Celestial U.S reported sales of $285.2 million, up 17.6 percent from last year.

Looking ahead, the company expects to report full-year 2014 earnings in the range of $2.95 to $3.05 per share, with sales ranging between $2.025 billion and $2.050 billion. Analysts currently expect the company to report full-year earnings of $2.46 per share on revenues of $1.73 billion.

The company also announced appointment of Stephen Smith as its Executive Vice President and Chief Financial Officer, effective September 3. Smith succeeds Ira Lamel who will retire from the company on August 31.

Smith most recently served as EVP and CFO of Elizabeth Arden, Inc. (RDEN). Prior to joining Elizabeth Arden, he was a Partner at PricewaterhouseCoopers LLP and its predecessor, Coopers & Lybrand LLP.