Last $38.57 USD
Change Today +0.03 / 0.08%
Volume 36.6K
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prestige brands holdings inc (PBH) Key Developments

Prestige Brands Holdings, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2014; Revised Earnings Guidance for the Year 2015

Prestige Brands Holdings, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2014. For the quarter, the company reported net sales were $196,435,000 against $143,713,000 a year ago. Total revenues were $197,606,000 against $144,871,000 a year ago. Operating income was $56,993,000 against $40,458,000 a year ago. Income before income taxes was $33,534,000 against $4,186,000 a year ago. Net income was $21,293,000 against $3,130,000 a year ago. Diluted earnings per share were $0.40 against $0.06 a year ago. Non-GAAP EBITDA was $63,280,000 against $29,090,000 a year ago. Non-GAAP adjusted EBITDA was $69,131,000 against $44,102,000 a year ago. Adjusted net income was $25.4 million or $0.48 per share against $15.6 million or $0.30 per share a year ago. For the nine months, the company reported net sales were $520,981,000 against $450,862,000 a year ago. Total revenues were $524,577,000 against $454,328,000 a year ago. Operating income was $146,314,000 against $143,661,000 a year ago. Income before income taxes was $90,009,000 against $75,045,000 a year ago. Net income was $54,488,000 against $56,614,000 a year ago. Diluted earnings per share were $1.04 against $1.08 a year ago. Net cash provided by operating activities was $104,142,000 against $80,860,000 a year ago. Purchases of property and equipment were $3,700,000 against $2,658,000 a year ago. Non-GAAP EBITDA was $159,414,000 against $138,855,000 a year ago. Non-GAAP adjusted EBITDA was $183,393,000 against $155,519,000 a year ago. Adjusted net income was $73.3 million or $1.39 per share against $61.3 million or $1.17 per share a year ago. At December 31, 2014, the company's net debt was $1,622 million. The company revised earnings guidance for the year 2015. The company has increased the low end of adjusted its full-year EPS guidance range from $1.75 to $1.85 per share to $1.82 to $1.85 per share. For the year, the company expects GAAP EPS range from $1.35 to $1.38. Revenue growth is expected at the high end of the company's previous outlook of 15-18%. The update is driven by anticipated organic growth in the legacy business during the fourth quarter. The company also expects GAAP net cash provided by operating activities of $146 million, Non-GAAP adjusted free cash flow of $155 million.

Prestige Brands Holdings, Inc. to Report Q3, 2015 Results on Feb 05, 2015

Prestige Brands Holdings, Inc. announced that they will report Q3, 2015 results at 9:00 AM, Eastern Standard Time on Feb 05, 2015

Prestige Brands Holdings, Inc., Q3 2015 Earnings Call, Feb 05, 2015

Prestige Brands Holdings, Inc., Q3 2015 Earnings Call, Feb 05, 2015

Prestige Brands Holdings, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended September 30, 2014; Provides Earnings Guidance for the Fiscal Year 2015

Prestige Brands Holdings, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended September 30, 2014. For the quarter, the company reported total revenues were $181,269,000 compared to $166,945,000 for the same period a year ago. Operating income was $46,518,000 compared to $53,762,000 for the same period a year ago. Income before income taxes was $28,325,000 compared to $37,323,000 for the same period a year ago. Net income was $16,463,000, or $0.31 per diluted share against $32,792,000 or $0.63 per diluted share. Non-GAAP adjusted operating income was $59,366,000 compared to $54,831,000 for the same period a year ago. Non-GAAP EBITDA was $50,370,000 compared to $57,056,000 for the same period a year ago. Non-GAAP adjusted EBITDA was $63,218,000 compared to $58,125,000 for the same period a year ago. Non-GAAP total revenues excluding were $163,549,000 compared to $161,516,000 for the same period a year ago. Non-GAAP free cash flow was $26,503,000 against $31,845,000 a year ago. Adjusted non-GAAP free cash flow was $36,521,000 against $31,845,000 a year ago. Adjusted earnings per share for the second fiscal quarter increased 6.4% to $0.50 compared to the second quarter of the prior year's adjusted earnings per share of $0.47. Reported income for the second fiscal quarter was 49.7% lower than the prior year comparable quarter's results, primarily as a result of acquisition-related items in the second quarter. The second quarter of the prior year's adjusted earnings per share excluded items related to the acquisition of Care Pharmaceuticals (Care) and the impact of favorable changes in tax laws. The impact of the Insight acquisition on adjusted earnings per share was $0.00 for the less than one month of Insight operations included in the second fiscal quarter results. For the six months, the company reported total revenues were $326,971,000 compared to $309,457,000 for the same period a year ago. These results reflect continued strengthening in consumption levels of core over-the-counter healthcare brands, as well as the acquisitions of Insight Pharmaceuticals (Insight) and Hydralyte. Operating income was $89,321,000 compared to $103,203,000 for the same period a year ago. Income before income taxes was $56,475,000 compared to $70,859,000 for the same period a year ago. Net income was $33,195,000, or $0.63 per diluted share against $53,484,000 or $1.03 per diluted share. Net cash provided by operating activities was $57,058,000 compared to $55,598,000 for the same period a year ago. Purchases of property and equipment were $1,380,000 compared to $2,319,000 for the same period a year ago. Non-GAAP adjusted operating income was $107,449,000 compared to $104,855,000 for the same period a year ago. Non-GAAP EBITDA was $96,134,000 compared to $109,765,000 for the same period a year ago. Non-GAAP adjusted EBITDA was $114,262,000 compared to $111,417,000 for the same period a year ago. Non-GAAP total revenues excluding were $301,971,000 compared to $304,028,000 for the same period a year ago. Non-GAAP free cash flow was $55,678,000 against $53,279,000 a year ago. Adjusted non-GAAP free cash flow was $68,095,000 against $53,279,000 a year ago. Adjusted earnings per share for the first half of fiscal 2015 were $0.91 compared to adjusted earnings per share of $0.88 in the prior year comparable period. The company provided earnings guidance for the year 2015. For the period, the company projected GAAP EPS of $1.28 to $1.38 and non-GAAP adjusted earnings per share of $1.75 to $1.85. Net cash provided by operating activities expected to be $136,000, additions to property and equipment for cash expected to be $6,000 and Non-GAAP free cash flow expected to be $150,000.

Prestige Brands Mulls Acquisitions

Prestige Brands Holdings, Inc. (NYSE:PBH) intends to pursue acquisitions. "We have a very efficient operating model, in terms of free cash flow, and from a sales and marketing standpoint, and outsourcing our operations, which gives us very significant and very consistent free cash flow. That provides us that allows us to pay down debt, and provides us a capacity for additional accretive acquisitions," Matt Mannelly, Chief Executive Officer, said.

 

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