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Hain Celestial earnings rise 30 percent

Hain Celestial Group, based in Lake Success, has

Hain Celestial Group, based in Lake Success, has reported that sales rose by 18 percent to $535 million. Credit: Newsday / Thomas A. Ferrara

Lake Success-based Hain Celestial Group, a maker of natural and organic food products, said Tuesday earnings in its second fiscal quarter rose by 30 percent on higher sales worldwide.

Hain, one of the fastest-growing public companies on Long Island, said net income for the three months ended Dec. 31 was $41.2 million, or 84 cents a share, up from $31.8 million, or 67 cents a share. Sales rose by 18 percent to $535 million.

The earnings release came just after the stock market close. In after-market Nasdaq trading, Hain's shares were down $6.99 to $84. They have ranged from $52.42 to $98.83 in the past year. Analysts surveyed by Bloomberg News had expected slightly higher sales and earnings.

Hain said the quarterly sales included revenues from the Hartley's, Robertson's, Sun-Pat, Frank Cooper's, Gale's and BluePrint brands, acquired during the second quarter of last fiscal year, and the Ella's Kitchen brand, acquired in the fourth quarter of fiscal year 2013.

Hain reported profit of $114.7 million for its 2013 fiscal year ended June 30, up about 45 percent from a year earlier. Annual sales rose 26 percent to $1.7 billion.

Hain closed last month on a $357-million acquisition of Tilda Ltd., which produces basmati rice. Tilda generated about $190 million in sales last year.

Hain had 3,665 full-time employees as of June 30, 2013, according to a government filing.


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