Nutrisystem, Inc. Announces Executive Changes
Jul 1 15
The Board of Directors of Nutrisystem, Inc. announced the appointment of Michael D. Mangan to the Board, effective immediately. As an independent director of the company, Mr. Mangan will serve as Chairman of the company's audit committee. Mr. Mangan, currently serves as the lead director at McCormick & Co. A veteran of a number of high profile consumer facing companies, Mr. Mangan has held leadership roles at Black & Decker Corp. including President of Worldwide Power Tools & Accessories, Chief Financial Officer and head of Investor Relations. The company's Board of Directors also announced that current Board member, Stephen T. Zarrilli is stepping down from the Board, a position he has held since December 2003, due to other growing commitments.
Nutrisystem, Inc. Presents at Citi 2015 Global Consumer Conference, May-27-2015 09:50 AM
May 9 15
Nutrisystem, Inc. Presents at Citi 2015 Global Consumer Conference, May-27-2015 09:50 AM. Venue: The Plaza, a Fairmont Managed Hotel, Fifth Avenue at Central Park South, New York, NY 10019, United States. Speakers: Dawn M. Zier, Chief Executive Officer, President and Director, Michael P. Monahan, Chief Financial Officer and Executive Vice President.
Nutrisystem, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Second Quarter Ending June 30, 2015 and Full Year Ending December 31, 2015
Apr 30 15
Nutrisystem, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported revenue of $137,225,000 against $122,228,000 a year ago. Operating income was $4,524,000 against $387,000 a year ago. Income before income taxes was $4,475,000 against $342,000 a year ago. Net income was $2,943,000 or $0.10 basic and diluted per share against loss of $224,000 or $0.01 basic and diluted per share a year ago. Net cash provided by operating activities was $15,915,000 against $9,855,000 a year ago. EBITDA was $6,748,000 compared to $2,145,000 a year ago. Adjusted EBITDA was $7,956,000 compared to $3,238,000 a year ago. Capital additions were $2,731,000 compared to $1,312,000 a year ago.
The company provided unaudited earnings guidance for the second quarter and full year 2015. For the quarter ending June 30, 2015, the company expects net income to be in the range of $10,437,000 to $11,749,000, Interest expense, net to be $60,000, depreciation and amortization to be in the range of $2,290,000 to $2,290,000, EBITDA to be in the range of $18,260,000 to $20,260,000 and adjusted EBITDA to be in the range of $20,100,000 to $22,100,000. Revenues expected to be in the range of $123 to $128 million and earnings per share between $0.35 and $0.40.
For the year ending December 31, 2015, the company expects net income to be in the range of $24,023,000 to $26,647,000, Interest expense, net to be $230,000, depreciation and amortization to be at $9,100,000, EBITDA to be in the range of $45,950,000 to $49,950,000 and adjusted EBITDA to be in the range of $51,600,000 to $55,600,000. Revenues expected to be in the range of $440 million to $455 million and earnings per share between $0.81 and $0.91.