Last $68.32 USD
Change Today -0.16 / -0.23%
Volume 555.9K
As of 8:10 PM 03/3/15 All times are local (Market data is delayed by at least 15 minutes).

hsn inc (HSNI) Key Developments

HSN, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

HSN, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, net sales were $1,117.9 million against $1,019.8 million last year. Operating income was $109.4 million against $97.8 million last year. Income before income taxes was $107.7 million against $96.2 million last year. Net income was $68.3 million or $1.28 per diluted share against $61.6 million or $1.14 per diluted share last year. Adjusted EBITDA was $119.5 million against $111.3 million last year. Non-GAAP adjusted net income was $65.3 million or $1.22 per share against $60 million or $1.11 per share last year. For the year, net sales were $3,588 million against $3,404 million last year. Operating income was $284.6 million against $282.7 million last year. Income before income taxes was $277.5 million against $276.1 million last year. Net income was $173 million or $3.23 per diluted share against $178.4 million or $3.25 per diluted share last year. Net cash provided by operating activities attributable to continuing operations was $138.7 million against $231.9 million last year. Capital expenditures were $47.3 million against $52 million last year. Adjusted EBITDA was $342.3 million against $337.9 million last year. Non-GAAP adjusted net income was $173.0 million or $3.23 per share against $173.0 million or $3.15 per share last year.

HSN Announces Partnership with M-61 Skincare

HSN announced its partnership with M-61 Skincare. M-61 Skincare will be featured across all of HSN's platforms – TV, online and mobile, beginning on February 25, 2015. HSN's M-61 launch collection will feature never-before seen M-61 sets, available exclusively on HSN, and will be centered around the runaway Hydraboost Eye, the peptide-packed hydrating and firming eye cream with vitamin B5, tamarind, soy and white mulberry. In addition, HSN will feature specially-packaged kits featuring M-61 bestselling products: Perfect Cleanse, Hydraboost Cream and Hydraboost Serum, Power Glow Peel.

HSN, Inc., Q4 2014 Earnings Call, Feb 26, 2015

HSN, Inc., Q4 2014 Earnings Call, Feb 26, 2015

HSN, Inc. to Report Q4, 2014 Results on Feb 26, 2015

HSN, Inc. announced that they will report Q4, 2014 results at 8:00 AM, US Eastern Standard Time on Feb 26, 2015

HSN, Inc. Enters into Credit Agreement

On January 27, 2015, HSN, Inc. entered into a credit agreement with Bank of America, N.A., as Administrative Agent and Collateral Agent; JPMorgan Chase Bank, N.A., and Wells Fargo Bank, National Association, each as a Syndication Agent; Fifth Third Bank, Regions Bank, MUFG Union Bank, N.A., Branch Banking and Trust Company, BBVA Compass, Bank and PNC Bank, National Association, each as a Documentation Agent; and Bank of America Merrill Lynch, J.P. Morgan Securities LLC, and Wells Fargo Securities, LLC, as Joint Lead Arrangers and Joint Bookrunners. The new credit agreement replaces the company's prior credit agreement dated as of April 24, 2012. The new credit agreement, among other things provides for a $750 million revolving credit facility and $500 million in delayed draw term loans, each with a maturity date of January 27, 2020, provides for an interest rate on borrowings, commitment fees and letter of credit fees based on the company's and its subsidiaries' consolidated leverage ratio, and may be increased by up to an additional $500 million in the aggregate, subject to certain conditions. The new credit agreement includes various covenants, limitations and events of default customary for similar facilities, including a maximum leverage ratio and a minimum interest coverage ratio. The interest rate on the New credit agreement is based on either the Eurodollar Rates as defined in the New credit agreement plus a predetermined margin that ranges from 1.25% to 2.25%, or the Base Rate as defined in the new credit agreement plus a predetermined margin that ranges from 0.25% to 1.25%, in each case based on the company and its consolidated subsidiaries' leverage ratio. Pursuant to the new credit agreement, certain subsidiaries of the company have agreed to guarantee the company's obligations under the new credit agreement. In addition, the company and certain Subsidiary Guarantors have entered into a Pledge Agreement pursuant to which they have agreed to pledge, subject to certain exceptions, 100% of the voting equity securities of their U.S. subsidiaries and 65% of their first-tier foreign subsidiaries to secure the obligations under the New Credit Agreement.

 

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Price/Earnings 21.2x
Price/Sales 1.0x
Price/Book 6.0x
Price/Cash Flow 16.6x
TEV/Sales 0.9x
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