Steiner Leisure Limited provides spa services and personal care products for men, women, and teenagers worldwide. It operates in four segments: Spa Operations, Products, Schools, and Ideal Image. The company offers beauty care products, including cleansers, toners, moisturizers, lotions, waxing products, cleansing accessories, and other skin care and body products, as well as aromatherapy oils and beauty tools; and hair care products, such as shampoos, conditioners, styling products, and related items. Its services include massages, facials, microdermabrasion, waxing, aromatherapy treatments, seaweed wraps, aerobic exercise, yoga, pilates, hair styling, manicures, pedicures, and teeth whiten...
PO Box N-9306
Founded in 1934
Steiner Leisure Ltd. Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015; Records an Impairment of Goodwill and Other Intangibles for the Third Quarter of 2015
Oct 28 15
Steiner Leisure Ltd. announced unaudited earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported total revenues of $227,405,000 compared with $219,677,000 for the same period a year ago. Loss from operations was $18,663,000 compared with income from operations of $14,773,000 for the same period a year ago. Loss before provision for income taxes was $19,174,000 compared with income before provision for income taxes of $14,263,000 for the same period a year ago. Net loss was $17,489,000 or $1.36 per diluted share compared with net income of $12,106,000 or $0.87 per diluted share for the same period a year ago. Adjusted net income was $12,221,000 or $0.94 per diluted share.
For the nine months, the company reported total revenues of $660,870,000 compared with $645,676,000 for the same period a year ago. Income from operations was $2,419,000 compared with $34,667,000 for the same period a year ago. Income before provision for income taxes was $799,000 compared with $33,173,000 for the same period a year ago. Net loss was $425,000 or $0.03 per diluted share compared with net income of $27,750,000 or $1.93 per diluted share for the same period a year ago. Adjusted net income was $29,499,000 or $2.26 per diluted share.
For the quarter, the company recorded an impairment of goodwill and other intangibles of $29,507,000.
Steiner Leisure To Look For Proposals Under "Go-Shop” Provision
Aug 21 15
Steiner Leisure Ltd. (NasdaqGS:STNR) announced that they have entered into a definitive merger agreement under which an affiliate of Catterton Partners Corporation will acquire all of the outstanding shares of Steiner Leisure for $65 per share in cash. The merger agreement provides for a "go-shop” period until October 6, 2015, during which the Special Committee - with the assistance of its financial advisor Jefferies LLC - may actively solicit alternative proposals to acquire Steiner Leisure from third parties.