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Last $88.01 USD
Change Today +1.07 / 1.23%
Volume 200.8K
As of 8:10 PM 05/27/15 All times are local (Market data is delayed by at least 15 minutes).

helen of troy ltd (HELE) Key Developments

Helen of Troy Limited Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended February 28, 2015; Provides Earnings Guidance for Fiscal Year Ending February 29, 2016

Helen of Troy Limited reported unaudited consolidated earnings results for the fourth quarter and full year ended February 28, 2015. Net sales revenue increased 20.9% to $377.7 million compared to $312.5 million in the fourth quarter of fiscal year 2014. Operating income was $49.0 million compared to operating income of $16.7 million in the same period last year. Net income was $40.6 million, or $1.40 per diluted share on 29.0 million weighted average diluted shares outstanding, and includes tax benefits of $0.03 per share. This compares to net income in the fourth quarter of fiscal year 2014 of $11.0 million, or $0.34 per diluted share on 32.6 million weighted average diluted shares outstanding, which included after-tax CEO succession costs of $0.50 per diluted share. Income before income taxes was $45,799,000 against $14,253,000 a year ago. Non-GAAP income before income taxes was $54,135,000 against $42,879,000 a year ago. EBITDA was $59,801,000 against $25,438,000 a year ago. Adjusted EBITDA (EBITDA excluding non-cash share-based compensation and CEO succession costs, as applicable) was $61.2 million compared to $48.7 million in the same period last year. Adjusted operating income was $57.3 million compared to $45.4 million for the fourth quarter of fiscal year 2014. Adjusted income was $48.1 million, or $1.66 per diluted share, compared to $35.6 million, or $1.09 per diluted share, for the fourth quarter of fiscal year 2014. Net sales revenue increased 9.7% to $1.45 billion compared to $1.32 billion in fiscal year 2014. Operating income was $161.7 million, which includes $9.0 million in non-cash asset impairment charges. This is compared to operating income of $117.1 million in the same period last year, which included CEO succession costs of $18.2 million and the impact of $12.0 million in non-cash asset impairment charges. Net income was $131.2 million, or $4.52 per diluted share on 29.0 million weighted average diluted shares outstanding, and includes the following: an after-tax gain of $0.24 per diluted share from the amendment of a license agreement; an after-tax decrease in product liability estimates of $0.05 per diluted share; and tax benefits of $0.15 per diluted share. This compares to net income of $86.3 million, or $2.66 per diluted share on 32.4 million weighted average diluted shares outstanding for the same period last year. Income before income taxes was $147,214,000 against $107,134,000 a year ago. Non-GAAP income before income taxes was $191,127,000 against $173,255,000 a year ago. Net cash provided by operating activities was $178,603,000 against $154,165,000 a year ago. Capital and intangible asset expenditures were $6,521,000 against $40,463,000 a year ago. EBITDA was $201,832,000 against $151,101,000 a year ago. Adjusted EBITDA (EBITDA excluding non-cash share-based compensation, acquisition-related expenses, non-cash asset impairment charges, and CEO succession costs as applicable) was $220.4 million compared to $195.6 million in the same period last year. Adjusted operating income was $205.6 million compared to $183.2 million in fiscal year 2014. Fiscal year 2015 adjusted operating income includes a pre-tax gain of $7 million on the amendment of a license agreement and a pre-tax decrease in product liability estimates of $2.2 million. Adjusted income was $169.9 million, or $5.85 per diluted share, which includes the after-tax gain of $0.24 per diluted share from the amendment of a license agreement, the after-tax decrease in product liability estimates of $0.05 per diluted share and tax benefits of $0.15 per diluted share. This compares to $145.8 million, or $4.50 per diluted share, for fiscal year 2014 For fiscal year ending February 29, 2016, the company expects consolidated net sales revenue in the range of $1.485 to $1.536 billion and diluted EPS (GAAP) in the range of $4.33 to $4.73. The company expects projected sales and diluted EPS (GAAP) from the VapoSteam acquisition to be in the range of $10 million to $11 million and $0.03 to $0.08, respectively, for the eleven months included in fiscal year 2016 results. Fiscal year 2016 outlook assumes current foreign currency exchange rates for the remainder of the fiscal year, which are expected to negatively impact year-over-year net sales revenue by approximately $28.0 million, net income by approximately $17.0 million, and earnings per share by approximately $0.59. Amortization of intangible assets, net of tax expected to be in the range of $0.82 to $0.84. Adjusted diluted EPS expected to be in the range of $5.40 to $5.85. The company is expecting an effective tax rate between 14% and 16%.

Helen of Troy Limited - Analyst/Investor Day

To discuss the Company’s transformation initiatives and long-term growth strategies

Helen of Troy Seeks Acquisitions

Helen of Troy Limited (NasdaqGS:HELE) will consider acquisitions. Julien Mininberg, Chief Executive Officer of Helen of Troy said, "The second strategy involves strategic disciplined M&A. Building on our track record of accretive acquisitions, we will continue to source and evaluate new strategically sound businesses and opportunities to expanding in categories and geographies where we believe we can develop a competitive advantage."

Helen of Troy Limited to Report Q4, 2015 Results on Apr 28, 2015

Helen of Troy Limited announced that they will report Q4, 2015 results at 5:00 PM, Eastern Standard Time on Apr 28, 2015

Helen of Troy Limited, Q4 2015 Earnings Call, Apr 28, 2015

Helen of Troy Limited, Q4 2015 Earnings Call, Apr 28, 2015

 

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Industry Analysis

HELE

Industry Average

Valuation HELE Industry Range
Price/Earnings 19.6x
Price/Sales 1.7x
Price/Book 2.8x
Price/Cash Flow 19.3x
TEV/Sales 1.4x
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