EARNINGS: NBTY Inc. of Ronkonkoma
NBTY Inc., Ronkonkoma
Nutritional supplement maker
First quarter: Ended Dec. 31
Net income: Profit of $76 million, compared with profit of $13 million in the same period last year. The 2008 fiscal first quarter included a pretax charge of $8.6 million.
Net sales: $751 million, compared with $661 million in the year-ago quarter.
Outlook: "Our significant increase in revenue and profitability reflect NBTY's ongoing initiatives to improve operations, control costs and expand our premiere position as the leading nutritional supplement company," said NBTY chairman and chief executive Scott Rudolph. "Our growing financial strength continues to play a vital role in generating future growth and shareholder value."
Company statement: Net income for this fiscal first quarter of 2010 reflects greater sales and improved supply chain management, both of which contributed to higher gross profits in all divisions.
Stock price: Closed at $44.30 Monday to finish down 23 cents (0.52 percent).
'If you don't address demand, you don't address the problem' Police are only addressing the supply, but demand is what fuels the illicit sex trade, experts say. Newsday political reporter Bahar Ostadan has the story.
'If you don't address demand, you don't address the problem' Police are only addressing the supply, but demand is what fuels the illicit sex trade, experts say. Newsday political reporter Bahar Ostadan has the story.
