Exhibit 99.1

img46919367_0.jpg

 

Hain Celestial Reports Fiscal Third Quarter 2026 Financial Results

 

Generated $38 million in cash from operations and reduced total debt by $155 million in 3Q

 

 

HOBOKEN, N.J., May 11, 2026 — The Hain Celestial Group, Inc. (Nasdaq: HAIN), a leading global health and wellness company whose purpose is to inspire healthier living through better-for-you brands, today reported financial results for its fiscal third quarter ended March 31, 2026.

 

“Third quarter results reflect improving execution and financial discipline as we continued to strengthen our foundation and advance our turnaround strategy. Strong cash generation and debt reduction materially improved our financial position, while the completion of the North American snacks divestiture further enhances our margin and cash flow profile going forward. In North America, our core business remains resilient, and we are making progress in addressing stranded costs. Our near-term priorities remain the same: optimize cash, strengthen the balance sheet, improve profitability, and stabilize sales, while our five actions to win position Hain for sustainable, profitable growth,” stated Alison Lewis, President and CEO.

 

FINANCIAL HIGHLIGHTS*

 

Summary of Fiscal Third Quarter Results Compared to the Prior Year Period

 

Net sales were $338 million, down 13% year-over-year.
o
Organic net sales decreased 6% compared to the prior year period.
The decrease in organic net sales was comprised of an 11-point decrease in volume/mix, partially offset by a 5-point increase in pricing.
Gross profit margin was 20.8%, a 90-basis point decrease from the prior year period.
o
Adjusted gross profit margin was 21.0%, a 90-basis point decrease from the prior year period.
Net loss was $106 million, compared to a net loss of $135 million in the prior year period.
o
Net loss included a pre-tax loss on sale of $51 million related to the sale of our North American snacks business.
o
Net loss included pre-tax non-cash impairment charges of $46 million ($45 million after-tax) related to goodwill and certain intangible assets, as well as assets held for sale.
o
Adjusted net loss was $1 million, compared to adjusted net income of $6 million in the prior year period.
Adjusted EBITDA was $26 million, compared to $34 million in the prior year period.
Loss per diluted share was $1.17, compared to a loss per diluted share of $1.49 in the prior year period.
o
Adjusted loss per diluted share was $0.01, compared to adjusted earnings per diluted share of $0.07 in the prior year period.

 

Cash Flow and Balance Sheet Highlights

________________________________

 

*This press release includes certain non-GAAP financial measures, which are intended to supplement, not substitute for, comparable GAAP financial measures. Reconciliations of non-GAAP financial measures to GAAP financial measures and other non-GAAP financial calculations are provided in the tables included in this press release.

 


 

Net cash provided by operating activities was $38 million in the fiscal third quarter, compared to $5 million in the prior year period.
Free cash flow was $35 million in the fiscal third quarter, compared to an outflow of $2 million in the prior year period.
Total debt was $549 million at the end of the fiscal third quarter, down from $705 million at the beginning of the fiscal year.
Net debt was $505 million at the end of the fiscal third quarter, compared to $650 million at the beginning of the fiscal year.
The company ended the fiscal third quarter with a net secured leverage ratio of 4.3x as calculated under our credit agreement.

 

 

SEGMENT HIGHLIGHTS

 

The company operates under two reportable segments: North America and International.

 

Net Sales

 

Q3 FY26

Q3 FY26 YTD

 

$ Millions

 

Reported Growth Y/Y

M&A/Exit Impact1

FX Impact

Organic Growth Y/Y

$ Millions

 

Reported Growth Y/Y

M&A/Exit Impact1

FX Impact

Organic Growth Y/Y

North America

 

171

 

-23%

-20%

0%

-3%

 

573

 

-16%

-14%

0%

-2%

International

 

167

 

-1%

0%

7%

-8%

 

517

 

1%

0%

5%

-5%

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

338

 

-13%

-11%

3%

-6%

 

1,090

 

-9%

-8%

2%

-3%

* May not add due to rounding

1 Reflects the impact within reported net sales growth of the following items that are excluded from organic net sales growth: net sales from divested brands (ParmCrisps®, Garden Veggie Snacks™, Terra® chips and Garden of Eatin'® snacks brands), held for sale businesses (Personal Care), discontinued brands, and exited product categories.

 

North America

Fiscal third quarter organic net sales decreased by 3% year-over-year, primarily driven by baby & kids, partially offset by growth in beverages.

 

Segment gross profit and adjusted gross profit were each $40 million in the fiscal third quarter, representing decreases of 20% and 19%, respectively, from the prior year period. Gross margin was 23.1% and adjusted gross margin was 23.4%, each a 100-basis point increase from the prior year period. The increases in margin were primarily driven by productivity savings and pricing, partially offset by lower volume/mix and cost inflation.

 

Adjusted EBITDA in the fiscal third quarter was $17 million, a decrease of 1% compared to the prior year period. The decrease was driven primarily by lower volume/mix and cost inflation, nearly offset by SG&A reduction, pricing, and productivity savings. Adjusted EBITDA margin was 10.0% of net sales, a 220-basis point increase compared to the prior year period.

 

International

Fiscal third quarter organic net sales decreased by 8% year-over-year, primarily driven by lower sales in meal prep and baby & kids.

 

Segment gross profit and adjusted gross profit in the fiscal third quarter were both $31 million, each representing a 13% decrease from the prior year period. Gross margin and adjusted gross margin were both 18.5%, each representing a 270-basis point decrease from the prior year period. The decreases in margin were primarily driven by cost inflation, partially offset by productivity savings and pricing.

 

 

 


 

Adjusted EBITDA in the fiscal third quarter was $20 million, compared to $22 million in the prior year period, a decrease of 12%. The decrease was primarily driven by cost inflation and lower volume/mix, partially offset by productivity savings and pricing. Adjusted EBITDA margin was 11.7% compared to 13.2% in the prior year period.

 

 

CATEGORY HIGHLIGHTS

 

Net Sales

 

Q3 FY26

Q3 FY26 YTD

 

$ Millions

 

Reported Growth Y/Y

M&A/Exit Impact1

FX Impact

Organic Growth Y/Y

$ Millions

 

Reported Growth Y/Y

M&A/Exit Impact1

FX Impact

Organic Growth Y/Y

Baby & Kids

 

53

 

-11%

0%

3%

-14%

 

163

 

-11%

0%

2%

-12%

Beverages

 

67

 

6%

0%

5%

0%

 

201

 

6%

0%

4%

2%

Meal Prep

 

153

 

-6%

-5%

4%

-5%

 

485

 

-3%

-4%

3%

-2%

Personal Care

 

13

 

-25%

n/a

n/a

n/a

 

37

 

-22%

n/a

n/a

n/a

Snacks

 

53

 

-40%

-34%

1%

-7%

 

205

 

-26%

-20%

0%

-7%

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

338

 

-13%

-11%

3%

-6%

 

1,090

 

-9%

-8%

2%

-3%

* May not add due to rounding

1 Reflects the impact within reported net sales growth of the following items that are excluded from organic net sales growth: net sales from divested brands (ParmCrisps®, Garden Veggie Snacks™, Terra® chips and Garden of Eatin'® snacks brands), held for sale businesses (Personal Care), discontinued brands, and exited product categories.

 

 

Baby & Kids

The fiscal third quarter organic net sales decline of 14% year-over-year was driven primarily by continued industry-wide volume softness in purees in the UK and by purees and formula in North America, partially offset by growth in finger foods in both regions and cereal in North America.

Beverages

Fiscal third quarter organic net sales growth was flat year-over-year as growth in tea in North America and private label non-dairy beverage in International was offset by a decline in branded non-dairy beverage.

 

Meal Prep

The fiscal third quarter organic net sales decline of 5% year-over-year was driven primarily by pantry in North America, which is comprised of oil, soup, and nut butter brands, and by spreads and drizzles in the UK, partially offset by strength in yogurt in North America.

 

Snacks

Following the disposition of the North American snacks business, the snacks category is comprised of jellies in the International segment. Organic net sales declined 7% year-over-year in the fiscal third quarter.

 

 

 

Conference Call and Webcast Information

 

Hain Celestial will host a conference call and webcast today at 8:00 AM ET to discuss its results and business outlook. The live webcast and accompanying presentation are available under the Investors section of the company’s corporate website at www.hain.com. Investors and analysts can access the live

 

 

 


call by dialing 800-715-9871 or 646-307-1963. The conference ID is 5099081. Participation by the press and public in the Q&A session will be in listen-only mode. A replay of the call will be available shortly after the conclusion of the live call through Monday, May 18th, 2026, and can be accessed by dialing 800-770-2030 or 609-800-9909 and referencing the conference access ID: 5099081.

 

About The Hain Celestial Group, Inc.

 

Hain Celestial is a leading health and wellness company whose purpose is to inspire healthier living for people, communities and the planet through better-for-you brands. For more than 30 years, Hain Celestial has intentionally focused on delivering nutrition and well-being that positively impacts today and tomorrow. Headquartered in Hoboken, N.J., Hain Celestial's products across beverages, yogurt, baby/kids and meal preparation are marketed and sold in over 70 countries around the world. Our leading brands include Celestial Seasonings® teas, The Greek Gods® yogurt, Earth's Best® Organic and Ella's Kitchen® baby and kids foods, Joya® and Natumi® plant-based beverages, Hartley’s® jelly, as well as Cully & Sully®, Yorkshire Provender®, New Covent Garden® soups, among others. For more information, visit www.hain.com and LinkedIn.

 

Forward-Looking Statements

 

This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve risks, uncertainties and assumptions. If the risks or uncertainties ever materialize or the assumptions prove incorrect, our results may differ materially from those expressed or implied by such forward-looking statements. The words “believe,” “expect,” “anticipate,” “may,” “should,” “plan,” “intend,” “potential,” “will” and similar expressions are intended to identify such forward-looking statements. Forward-looking statements include, among other things, our beliefs or expectations relating to our strategy, our future results of operations, our capital and cost structure, our ability to optimize cash, strengthen our balance sheet, improve flexibility, stabilize sales and achieve sustainable and profitable growth, and the macroeconomic environment.

 

Risks and uncertainties that may cause actual results to differ materially from forward-looking statements include: challenges and uncertainty resulting from the impact of competition; changes to consumer preferences; our ability to execute our business strategy; our ability realize the benefits of the North American snacks disposition; compliance with our credit agreement and our ability to refinance, retire and/or extend the maturity of the Company’s existing debt; our ability to manage our supply chain effectively; input cost inflation, including as a result of tariffs; reliance on independent contract manufacturers; disruption of operations at our manufacturing facilities; customer concentration; reliance on independent distributors; risks associated with operating internationally; risks associated with outsourcing arrangements; risks associated with geopolitical conflicts or events; our reliance on independent certification for a number of our products; our ability to attract and retain highly skilled people; risks related to tax matters; foreign currency exchange risk; general economic conditions; impairments in the carrying value of goodwill or other intangible assets; the reputation of our company and our brands; our ability to use and protect trademarks; cybersecurity incidents; disruptions to information technology systems; pending and future litigation, including litigation relating to Earth’s Best® baby food products; potential liability if our products cause illness or physical harm; the highly regulated environment in which we operate; our ability to manage our financial reporting and internal control systems and processes; compliance with data privacy laws; the adequacy of our insurance coverage; climate impacts; liabilities, claims or regulatory change with respect to environmental matters; and other risks and matters described in our most recent Annual Report on Form 10-K and our other filings from time to time with the U.S. Securities and Exchange Commission.

 

We undertake no obligation to update forward-looking statements to reflect actual results or changes in assumptions or circumstances, except as required by applicable law.

 

 

Non-GAAP Financial Measures

 

 

 


 

This press release and the accompanying tables include non-GAAP financial measures, including, among others, organic net sales; adjusted gross profit and its related margin; adjusted operating income and its related margin; adjusted net (loss) income and its related margin; diluted net (loss) income per common share, as adjusted; adjusted EBITDA and its related margin; free cash flow; and net debt. The reconciliations of historic non-GAAP financial measures to the comparable GAAP financial measures are provided in the tables below. These non-GAAP financial measures should not be considered in isolation or as a substitute for the comparable GAAP measures. In addition, these non-GAAP measures may not be the same as similar measures provided by other companies due to potential differences in methods of calculation and items being excluded. They should be read only in connection with the company’s consolidated financial statements presented in accordance with GAAP.

 

We define our non-GAAP financial measures as follows:

 

Organic net sales: net sales excluding the impact of acquisitions, divestitures, held for sale businesses, discontinued brands, exited product categories and foreign exchange. To adjust organic net sales for the impact of acquisitions, the net sales of an acquired business are excluded from fiscal quarters constituting or falling within the current period and prior period where the applicable fiscal quarter in the prior period did not include the acquired business for the entire quarter. To adjust organic net sales for the impact of divestitures, held for sale businesses, discontinued brands and exited product categories, the net sales of a divested business, held for sale business, discontinued brand or exited product category are excluded from all periods. To adjust organic net sales for the impact of foreign exchange, current period net sales for entities reporting in currencies other than the U.S. dollar are translated into U.S. dollars at the average monthly exchange rates in effect during the corresponding period of the prior fiscal year, rather than at the actual average monthly exchange rate in effect during the current period of the current fiscal year.

 

Adjusted gross profit and its related margin: gross profit, before plant closure related costs, net and warehouse and manufacturing consolidation and other costs, net.

 

Adjusted operating income and its related margin: operating loss before goodwill impairment, long-lived asset and intangibles impairment, productivity and transformation costs, certain litigation expenses, net, costs associated with acquisitions, divestitures and other transactions, plant closure related costs, net, warehouse and manufacturing consolidation and other costs, net, and proceeds from insurance claim.

 

Adjusted net (loss) income and its related margin and diluted net (loss) income per common share, as adjusted: net loss, adjusted to exclude the impact of goodwill impairment, long-lived asset and intangibles impairment, productivity and transformation costs, certain litigation expenses, net, costs associated with acquisitions, divestitures and other transactions, plant closure related costs, net, warehouse and manufacturing consolidation and other costs, net, proceeds from insurance claim, losses (gains) losses on sales of assets, unrealized currency losses and the related tax effects of such adjustments.

 

Adjusted EBITDA and its related margin: net loss before depreciation and amortization, equity in net loss of equity-method investees, net interest expense, income taxes, stock-based compensation, net, unrealized currency losses, certain litigation expenses, net, proceeds from insurance claim, productivity and transformation costs, plant closure related costs, net, warehouse and manufacturing consolidation and other costs, net, losses (gains) on sales of assets, costs associated with acquisitions, divestitures and other transactions, goodwill impairment and long-lived asset and intangibles impairment.

 

 

 

 


Free cash flow: net cash provided by operating activities less purchases of property, plant and equipment.

 

Net debt: total debt less cash and cash equivalents.

 

We believe that the non-GAAP financial measures presented provide useful additional information to investors about current trends in the company’s operations and are useful for period-over-period comparisons of operations. We provide:

 

Organic net sales to demonstrate the growth rate of net sales excluding the impact of acquisitions, divestitures, held for sale businesses, discontinued brands, and exited product categories and foreign exchange, and believe organic net sales is useful to investors because it enables them to better understand the growth of our business from period to period.

 

Adjusted results as important supplemental measures of our performance and believe they are frequently used by securities analysts, investors and other interested parties in the evaluation of our Company and companies in our industry.

 

Free cash flow as one factor in evaluating the amount of cash available for discretionary investments.

 

Net debt as a useful measure to monitor leverage and evaluate the balance sheet.

 

We discuss the Company’s net secured leverage ratio as calculated under our credit agreement as a measure of our financial condition, liquidity and compliance with our credit agreement. For a description of the material terms of our credit agreement and risks of non-compliance with our credit agreement, see “Liquidity and Capital Resources” under “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors” in our most recent Annual Report on Form 10-K and our subsequent quarterly reports on Form 10-Q filed with the U.S. Securities and Exchange Commission.

 

 

Investor Relations Contact:

Alexis Tessier
Investor.Relations@hain.com

 

Media Contact:

Justin Godley

Justin.Godley@hain.com

 

 

 

 

 

 

 

 

 

 

 

 

 


THE HAIN CELESTIAL GROUP, INC. AND SUBSIDIARIES

 

Consolidated Statements of Operations

 

(unaudited and in thousands, except per share amounts)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Third Quarter

 

 

Third Quarter Year to Date

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

$

338,357

 

 

$

390,351

 

 

$

1,090,360

 

 

$

1,196,432

 

Cost of sales

 

267,965

 

 

 

305,701

 

 

 

877,451

 

 

 

936,720

 

Gross profit

 

70,392

 

 

 

84,650

 

 

 

212,909

 

 

 

259,712

 

Selling, general and administrative expenses

 

59,078

 

 

 

62,934

 

 

 

185,493

 

 

 

204,417

 

Goodwill impairment

 

31,018

 

 

 

110,251

 

 

 

150,926

 

 

 

201,518

 

Long-lived asset and intangibles impairment

 

15,047

 

 

 

24,012

 

 

 

26,964

 

 

 

42,029

 

Productivity and transformation costs

 

4,066

 

 

 

7,289

 

 

 

17,519

 

 

 

16,497

 

Amortization of acquired intangible assets

 

3,314

 

 

 

1,243

 

 

 

5,725

 

 

 

5,176

 

Proceeds from insurance claim

 

-

 

 

 

-

 

 

 

(25,900

)

 

 

-

 

Operating loss

 

(42,131

)

 

 

(121,079

)

 

 

(147,818

)

 

 

(209,925

)

Interest and other financing expense, net

 

13,914

 

 

 

11,866

 

 

 

45,075

 

 

 

38,412

 

Other expense, net

 

49,518

 

 

 

1,182

 

 

 

47,865

 

 

 

2,434

 

Loss before income taxes and equity in net loss of equity-method investees

 

(105,563

)

 

 

(134,127

)

 

 

(240,758

)

 

 

(250,771

)

Provision (benefit) for income taxes

 

759

 

 

 

(505

)

 

 

1,889

 

 

 

5,746

 

Equity in net loss of equity-method investees

 

21

 

 

 

966

 

 

 

327

 

 

 

1,709

 

Net loss

$

(106,343

)

 

$

(134,588

)

 

$

(242,974

)

 

$

(258,226

)

 

 

 

 

 

 

 

 

 

 

 

 

Net loss per common share:

 

 

 

 

 

 

 

 

 

 

 

Basic

$

(1.17

)

 

$

(1.49

)

 

$

(2.68

)

 

$

(2.87

)

Diluted

$

(1.17

)

 

$

(1.49

)

 

$

(2.68

)

 

$

(2.87

)

 

 

 

 

 

 

 

 

 

 

 

 

Shares used in the calculation of net loss per common share:

 

 

 

 

 

 

 

 

 

 

 

Basic

 

90,993

 

 

 

90,247

 

 

 

90,650

 

 

 

90,080

 

Diluted

 

90,993

 

 

 

90,247

 

 

 

90,650

 

 

 

90,080

 

 

 

 

 

 

 

 

 

 

 

 


THE HAIN CELESTIAL GROUP, INC. AND SUBSIDIARIES

 

Consolidated Balance Sheets

 

(unaudited and in thousands)

 

 

 

 

 

 

 

 

March 31, 2026

 

 

June 30, 2025

 

ASSETS

 

 

 

 

 

Current assets:

 

 

 

 

 

Cash and cash equivalents

$

44,311

 

 

$

54,355

 

Accounts receivable, net

 

138,816

 

 

 

154,440

 

Inventories

 

159,071

 

 

 

248,731

 

Prepaid expenses and other current assets

 

84,230

 

 

 

43,169

 

Assets held for sale

 

9,437

 

 

 

29,603

 

Total current assets

 

435,865

 

 

 

530,298

 

Property, plant and equipment, net

 

188,104

 

 

 

264,730

 

Goodwill

 

288,297

 

 

 

500,961

 

Trademarks and other intangible assets, net

 

178,286

 

 

 

210,905

 

Operating lease right-of-use assets, net

 

51,340

 

 

 

71,171

 

Other assets

 

20,829

 

 

 

25,213

 

Total assets

$

1,162,721

 

$

1,603,278

 

LIABILITIES AND STOCKHOLDERS' EQUITY

 

 

 

 

 

Current liabilities:

 

 

 

 

 

Accounts payable

$

151,926

 

 

$

188,307

 

Accrued expenses and other current liabilities

 

129,199

 

 

 

68,426

 

Current portion of long-term debt

 

549,184

 

 

 

7,653

 

Liabilities related to assets held for sale

 

4,594

 

 

 

12,987

 

Total current liabilities

 

834,903

 

 

 

277,373

 

Long-term debt, less current portion

 

312

 

 

 

697,168

 

Deferred income taxes

 

38,349

 

 

 

40,332

 

Operating lease liabilities, noncurrent portion

 

46,303

 

 

 

65,284

 

Other noncurrent liabilities

 

27,308

 

 

 

48,116

 

Total liabilities

 

947,175

 

 

 

1,128,273

 

Stockholders' equity:

 

 

 

 

 

Common stock

 

1,135

 

 

 

1,125

 

Additional paid-in capital

 

1,242,584

 

 

 

1,238,402

 

Retained (deficit) earnings

 

(196,296

)

 

 

46,678

 

Accumulated other comprehensive loss

 

(101,387

)

 

 

(81,053

)

 

 

946,036

 

 

 

1,205,152

 

Less: Treasury stock

 

(730,490

)

 

 

(730,147

)

Total stockholders' equity

 

215,546

 

 

475,005

 

Total liabilities and stockholders' equity

$

1,162,721

 

 

$

1,603,278

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


THE HAIN CELESTIAL GROUP, INC. AND SUBSIDIARIES

 

Consolidated Statements of Cash Flows

 

(unaudited and in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Third Quarter

 

 

Third Quarter Year to Date

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

CASH FLOWS FROM OPERATING ACTIVITIES

 

 

 

 

 

 

 

 

 

 

 

Net loss

$

(106,343

)

 

$

(134,588

)

 

$

(242,974

)

 

$

(258,226

)

Adjustments to reconcile net loss to net cash provided by operating activities:

 

 

 

 

 

 

 

 

 

 

 

Depreciation and amortization

 

12,484

 

 

 

10,455

 

 

 

39,044

 

 

 

32,902

 

Deferred income taxes

 

(2,664

)

 

 

(1,509

)

 

 

(2,687

)

 

 

(2,625

)

Equity in net loss of equity-method investees

 

21

 

 

 

966

 

 

 

327

 

 

 

1,709

 

Stock-based compensation, net

 

1,138

 

 

 

2,973

 

 

 

4,192

 

 

 

9,422

 

Goodwill impairment

 

31,018

 

 

 

110,251

 

 

 

150,926

 

 

 

201,518

 

Long-lived asset and intangibles impairment

 

15,047

 

 

 

24,012

 

 

 

26,964

 

 

 

42,029

 

Loss (gain) on sale of assets

 

50,529

 

 

 

(106

)

 

 

48,501

 

 

 

2,202

 

Other non-cash items, net

 

1,539

 

 

 

1,271

 

 

 

2,871

 

 

 

773

 

Increase (decrease) in cash attributable to changes in operating assets and liabilities:

 

 

 

 

 

 

 

 

 

 

 

Accounts receivable

 

37,230

 

 

 

98

 

 

 

17,641

 

 

 

(1,361

)

Inventories

 

27,589

 

 

 

(14,578

)

 

 

59,556

 

 

 

(10,605

)

Other current assets

 

(6,643

)

 

 

(597

)

 

 

(39,769

)

 

 

(8,279

)

Other assets and liabilities

 

(860

)

 

 

(471

)

 

 

(4,009

)

 

 

(561

)

Accounts payable and accrued expenses

 

(21,747

)

 

 

6,468

 

 

 

6,243

 

 

 

15,865

 

Net cash provided by operating activities

 

38,338

 

 

 

4,645

 

 

 

66,826

 

 

 

24,763

 

CASH FLOWS FROM INVESTING ACTIVITIES

 

 

 

 

 

 

 

 

 

 

 

Purchases of property, plant and equipment

 

(3,789

)

 

 

(6,921

)

 

 

(16,004

)

 

 

(19,060

)

Proceeds from sale of assets

 

100,988

 

 

 

6

 

 

 

102,770

 

 

 

13,773

 

Investments and joint ventures, net

 

-

 

 

 

-

 

 

 

-

 

 

 

2,570

 

Proceeds from termination of net investment hedges

 

-

 

 

 

2,363

 

 

 

-

 

 

 

2,363

 

Net cash provided by (used in) investing activities

 

97,199

 

 

 

(4,552

)

 

 

86,766

 

 

 

(354

)

CASH FLOWS FROM FINANCING ACTIVITIES

 

 

 

 

 

 

 

 

 

 

 

Borrowings under bank revolving credit facility

 

43,000

 

 

 

47,000

 

 

 

156,000

 

 

 

156,000

 

Repayments under bank revolving credit facility

 

(96,000

)

 

 

(65,000

)

 

 

(205,500

)

 

 

(186,000

)

Repayments under term loan

 

(102,975

)

 

 

(1,875

)

 

 

(106,725

)

 

 

(5,625

)

(Payments) borrowings of other debt, net

 

(33

)

 

 

21

 

 

 

(2,642

)

 

 

(21

)

Employee shares withheld for taxes

 

-

 

 

 

(123

)

 

 

(343

)

 

 

(1,381

)

Proceeds from termination of fair value hedge

 

-

 

 

 

552

 

 

 

-

 

 

 

552

 

Net cash used in financing activities

 

(156,008

)

 

 

(19,425

)

 

 

(159,210

)

 

 

(36,475

)

Effect of exchange rate changes on cash

 

(3,235

)

 

 

7,557

 

 

 

(4,426

)

 

 

2,184

 

Net decrease in cash and cash equivalents

 

(23,706

)

 

 

(11,775

)

 

 

(10,044

)

 

 

(9,882

)

Cash and cash equivalents at beginning of period

 

68,017

 

 

 

56,200

 

 

 

54,355

 

 

 

54,307

 

Cash and cash equivalents at end of period

$

44,311

 

 

$

44,425

 

 

$

44,311

 

 

$

44,425

 

 

 

 

 


THE HAIN CELESTIAL GROUP, INC. AND SUBSIDIARIES

 

Net Sales, Gross Profit and Adjusted EBITDA by Segment

 

(unaudited and in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

North America

 

 

International

 

 

Corporate/Other

 

 

Hain Consolidated

 

Net Sales

 

 

 

 

 

 

 

 

 

 

 

Net sales - Q3 FY26

$

171,495

 

 

$

166,862

 

 

$

-

 

 

$

338,357

 

Net sales - Q3 FY25

$

222,407

 

 

$

167,944

 

 

$

-

 

 

$

390,351

 

% change - FY26 net sales vs. FY25 net sales

 

(22.9

)%

 

 

(0.6

)%

 

 

 

 

 

(13.3

)%

 

 

 

 

 

 

 

 

 

 

 

 

Gross Profit

 

 

 

 

 

 

 

 

 

 

 

Q3 FY26

 

 

 

 

 

 

 

 

 

 

 

Gross profit

$

39,571

 

 

$

30,821

 

 

$

-

 

 

$

70,392

 

Non-GAAP adjustments(1)

 

594

 

 

 

-

 

 

 

-

 

 

 

594

 

Adjusted gross profit

$

40,165

 

 

$

30,821

 

 

$

-

 

 

$

70,986

 

% change - FY26 gross profit vs. FY25 gross profit

 

(19.5

)%

 

 

(13.1

)%

 

 

 

 

 

(16.8

)%

% change - FY26 adjusted gross profit vs. FY25 adjusted gross profit

 

(19.3

)%

 

 

(13.1

)%

 

 

 

 

 

(16.7

)%

Gross margin

 

23.1

%

 

 

18.5

%

 

 

 

 

 

20.8

%

Adjusted gross margin

 

23.4

%

 

 

18.5

%

 

 

 

 

 

21.0

%

 

 

 

 

 

 

 

 

 

 

 

 

Q3 FY25

 

 

 

 

 

 

 

 

 

 

 

Gross profit

$

49,178

 

 

$

35,472

 

 

$

-

 

 

$

84,650

 

Non-GAAP adjustments(1)

 

592

 

 

 

-

 

 

 

-

 

 

 

592

 

Adjusted gross profit

$

49,770

 

 

$

35,472

 

 

$

-

 

 

$

85,242

 

Gross margin

 

22.1

%

 

 

21.1

%

 

 

 

 

 

21.7

%

Adjusted gross margin

 

22.4

%

 

 

21.1

%

 

 

 

 

 

21.8

%

 

 

 

 

 

 

 

 

 

 

 

 

Adjusted EBITDA

 

 

 

 

 

 

 

 

 

 

 

Q3 FY26

 

 

 

 

 

 

 

 

 

 

 

Adjusted EBITDA

$

17,171

 

 

$

19,580

 

 

$

(10,499

)

 

$

26,252

 

% change - FY26 Adjusted EBITDA vs. FY25 Adjusted EBITDA

 

(0.8

)%

 

 

(11.7

)%

 

 

(79.3

)%

 

 

(21.9

)%

Adjusted EBITDA margin

 

10.0

%

 

 

11.7

%

 

 

 

 

 

7.8

%

 

 

 

 

 

 

 

 

 

 

 

 

Q3 FY25

 

 

 

 

 

 

 

 

 

 

 

Adjusted EBITDA

$

17,306

 

 

$

22,166

 

 

$

(5,857

)

 

$

33,615

 

Adjusted EBITDA margin

 

7.8

%

 

 

13.2

%

 

 

 

 

 

8.6

%

 

 

 

 

 

 

 

 

 

 

 

 

(1)See accompanying tables "Adjusted Gross Profit and Adjusted Operating Income" and "Adjusted Net (Loss) Income and Adjusted Net (Loss) Income per Diluted Share"

 

 

 

 

 

 

 

 


THE HAIN CELESTIAL GROUP, INC. AND SUBSIDIARIES

 

Net Sales, Gross Profit and Adjusted EBITDA by Segment

 

(unaudited and in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

North America

 

 

International

 

 

Corporate/Other

 

 

Hain Consolidated

 

Net Sales

 

 

 

 

 

 

 

 

 

 

 

Net sales - Q3 FY26 YTD

$

573,236

 

 

$

517,124

 

 

$

-

 

 

$

1,090,360

 

Net sales - Q3 FY25 YTD

$

682,836

 

 

$

513,596

 

 

$

-

 

 

$

1,196,432

 

% change - FY26 net sales vs. FY25 net sales

 

(16.1

)%

 

 

0.7

%

 

 

 

 

 

(8.9

)%

 

 

 

 

 

 

 

 

 

 

 

 

Gross Profit

 

 

 

 

 

 

 

 

 

 

 

Q3 FY26 YTD

 

 

 

 

 

 

 

 

 

 

 

Gross profit

$

122,734

 

 

$

90,175

 

 

$

-

 

 

$

212,909

 

Non-GAAP adjustments(1)

 

4,802

 

 

 

-

 

 

 

-

 

 

 

4,802

 

Adjusted gross profit

$

127,536

 

 

$

90,175

 

 

$

-

 

 

$

217,711

 

% change - FY26 gross profit vs. FY25 gross profit

 

(20.0

)%

 

 

(15.2

)%

 

 

 

 

 

(18.0

)%

% change - FY26 adjusted gross profit vs. FY25 adjusted gross profit

 

(17.8

)%

 

 

(15.2

)%

 

 

 

 

 

(16.7

)%

Gross margin

 

21.4

%

 

 

17.4

%

 

 

 

 

 

19.5

%

Adjusted gross margin

 

22.2

%

 

 

17.4

%

 

 

 

 

 

20.0

%

 

 

 

 

 

 

 

 

 

 

 

 

Q3 FY25 YTD

 

 

 

 

 

 

 

 

 

 

 

Gross profit

$

153,388

 

 

$

106,324

 

 

$

-

 

 

$

259,712

 

Non-GAAP adjustments(1)

 

1,779

 

 

 

-

 

 

 

-

 

 

 

1,779

 

Adjusted gross profit

$

155,167

 

 

$

106,324

 

 

$

-

 

 

$

261,491

 

Gross margin

 

22.5

%

 

 

20.7

%

 

 

 

 

 

21.7

%

Adjusted gross margin

 

22.7

%

 

 

20.7

%

 

 

 

 

 

21.9

%

 

 

 

 

 

 

 

 

 

 

 

 

Adjusted EBITDA

 

 

 

 

 

 

 

 

 

 

 

Q3 FY26 YTD

 

 

 

 

 

 

 

 

 

 

 

Adjusted EBITDA

$

45,091

 

 

$

51,133

 

 

$

(25,958

)

 

$

70,266

 

% change - FY26 Adjusted EBITDA vs. FY25 Adjusted EBITDA

 

(18.1

)%

 

 

(21.4

)%

 

 

1.1

%

 

 

(25.2

)%

Adjusted EBITDA margin

 

7.9

%

 

 

9.9

%

 

 

 

 

 

6.4

%

 

 

 

 

 

 

 

 

 

 

 

 

Q3 FY25 YTD

 

 

 

 

 

 

 

 

 

 

 

Adjusted EBITDA

$

55,072

 

 

$

65,062

 

 

$

(26,251

)

 

$

93,883

 

Adjusted EBITDA margin

 

8.1

%

 

 

12.7

%

 

 

 

 

 

7.8

%

 

 

 

 

 

 

 

 

 

 

 

 

(1)See accompanying tables "Adjusted Gross Profit and Adjusted Operating Income" and "Adjusted Net (Loss) Income and Adjusted Net (Loss) Income per Diluted Share"

 

 

 

 

 

 

 

 

 

 

 

 

 


THE HAIN CELESTIAL GROUP, INC. AND SUBSIDIARIES

 

Adjusted Gross Profit and Adjusted Operating Income

 

(unaudited and in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

Reconciliation of Gross Profit, GAAP to Gross Profit, as Adjusted:

 

 

Third Quarter

 

 

Third Quarter Year to Date

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Gross profit, GAAP

$

70,392

 

 

$

84,650

 

 

$

212,909

 

 

$

259,712

 

Adjustments to Cost of sales:

 

 

 

 

 

 

 

 

 

 

 

Plant closure related costs, net

 

594

 

 

 

208

 

 

 

4,802

 

 

 

1,395

 

Warehouse/manufacturing consolidation and other costs, net

 

-

 

 

 

384

 

 

 

-

 

 

 

384

 

Gross profit, as adjusted

$

70,986

 

 

$

85,242

 

 

$

217,711

 

 

$

261,491

 

 

 

 

 

 

 

 

 

 

 

 

 

Reconciliation of Operating Loss, GAAP to Operating Income, as Adjusted:

 

 

Third Quarter

 

 

Third Quarter Year to Date

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Operating loss, GAAP

$

(42,131

)

 

$

(121,079

)

 

$

(147,818

)

 

$

(209,925

)

Adjustments to Cost of sales:

 

 

 

 

 

 

 

 

 

 

 

Plant closure related costs, net

 

594

 

 

 

208

 

 

 

4,802

 

 

 

1,395

 

Warehouse/manufacturing consolidation and other costs, net

 

-

 

 

 

384

 

 

 

-

 

 

 

384

 

 

 

 

 

 

 

 

 

 

 

 

 

Adjustments to Operating expenses(a):

 

 

 

 

 

 

 

 

 

 

 

Goodwill impairment

 

31,018

 

 

 

110,251

 

 

 

150,926

 

 

 

201,518

 

Long-lived asset and intangibles impairment

 

15,047

 

 

 

24,012

 

 

 

26,964

 

 

 

42,029

 

Productivity and transformation costs

 

4,066

 

 

 

7,289

 

 

 

17,519

 

 

 

16,497

 

Certain litigation expenses, net(b)

 

2,519

 

 

 

407

 

 

 

3,164

 

 

 

2,254

 

Transaction and integration costs, net

 

1,553

 

 

 

(151

)

 

 

4,735

 

 

 

(574

)

Plant closure related costs, net

 

133

 

 

 

(213

)

 

 

281

 

 

 

(166

)

Proceeds from insurance claim(c)

 

-

 

 

 

-

 

 

 

(25,900

)

 

 

-

 

Operating income, as adjusted

$

12,799

 

 

$

21,108

 

 

$

34,673

 

 

$

53,412

 

 

 

 

 

 

 

 

 

 

 

 

 

(a) Operating expenses include amortization of acquired intangibles, selling, general and administrative expenses, goodwill impairment, long-lived asset and intangibles impairment and productivity and transformation costs.

 

(b) Expenses and items relating to securities class action, baby food litigation and SEC investigation.

 

(c) Represents a receivable under the Company's representation and warranty insurance related to one of its prior acquisitions, which was collected on January 2, 2026.

 

 

 

 

 

 

 

 

 

 

 

 

 


THE HAIN CELESTIAL GROUP, INC. AND SUBSIDIARIES

 

Adjusted Net (Loss) Income and Adjusted Net (Loss) Income per Diluted Share

 

(unaudited and in thousands, except per share amounts)

 

 

 

 

 

 

 

 

 

 

 

 

 

Reconciliation of Net Loss, GAAP to Net (Loss) Income, as Adjusted:

 

 

Third Quarter

 

 

Third Quarter Year to Date

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Net loss, GAAP

$

(106,343

)

 

$

(134,588

)

 

$

(242,974

)

 

$

(258,226

)

Adjustments to Cost of sales:

 

 

 

 

 

 

 

 

 

 

 

Plant closure related costs, net

 

594

 

 

 

208

 

 

 

4,802

 

 

 

1,395

 

Warehouse/manufacturing consolidation and other costs, net

 

-

 

 

 

384

 

 

 

-

 

 

 

384

 

 

 

 

 

 

 

 

 

 

 

 

 

Adjustments to Operating expenses(a):

 

 

 

 

 

 

 

 

 

 

 

Goodwill impairment

 

31,018

 

 

 

110,251

 

 

 

150,926

 

 

 

201,518

 

Long-lived asset and intangibles impairment

 

15,047

 

 

 

24,012

 

 

 

26,964

 

 

 

42,029

 

Productivity and transformation costs

 

4,066

 

 

 

7,289

 

 

 

17,519

 

 

 

16,497

 

Certain litigation expenses, net(b)

 

2,519

 

 

 

407

 

 

 

3,164

 

 

 

2,254

 

Transaction and integration costs, net

 

1,553

 

 

 

(151

)

 

 

4,735

 

 

 

(574

)

Plant closure related costs, net

 

133

 

 

 

(213

)

 

 

281

 

 

 

(166

)

Proceeds from insurance claim(c)

 

-

 

 

 

-

 

 

 

(25,900

)

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

Adjustments to Interest and other expense, net(d):

 

 

 

 

 

 

 

 

 

 

 

Loss (gain) on sale of assets

 

50,529

 

 

 

(106

)

 

 

48,501

 

 

 

2,202

 

Unrealized currency losses

 

219

 

 

 

1,255

 

 

 

623

 

 

 

825

 

 

 

 

 

 

 

 

 

 

 

 

 

Adjustments to Provision (benefit) for income taxes:

 

 

 

 

 

 

 

 

 

 

 

Net tax impact of non-GAAP adjustments

 

(584

)

 

 

(2,693

)

 

 

133

 

 

 

1,615

 

Net (loss) income, as adjusted

$

(1,249

)

 

$

6,055

 

 

$

(11,226

)

 

$

9,753

 

Net loss margin

 

(31.4

)%

 

 

(34.5

)%

 

 

(22.3

)%

 

 

(21.6

)%

Adjusted net (loss) income margin

 

(0.4

)%

 

 

1.6

%

 

 

(1.0

)%

 

 

0.8

%

 

 

 

 

 

 

 

 

 

 

 

 

Diluted shares used in the calculation of net loss per common share:

 

90,993

 

 

 

90,247

 

 

 

90,650

 

 

 

90,080

 

Diluted shares used in the calculation of adjusted net (loss) income per common share:

 

90,993

 

 

 

90,407

 

 

 

90,650

 

 

 

90,287

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted net loss per common share, GAAP

$

(1.17

)

 

$

(1.49

)

 

$

(2.68

)

 

$

(2.87

)

Diluted net (loss) income per common share, as adjusted

$

(0.01

)

 

$

0.07

 

 

$

(0.12

)

 

$

0.11

 

 

 

 

 

 

 

 

 

 

 

 

 

(a) Operating expenses include amortization of acquired intangibles, selling, general and administrative expenses, goodwill impairment, long-lived asset and intangibles impairment and productivity and transformation costs.

 

(b) Expenses and items relating to securities class action, baby food litigation and SEC investigation.

 

(c) Represents a receivable under the Company's representation and warranty insurance related to one of its prior acquisitions, which was collected on January 2, 2026.

 

(d) Interest and other expense, net includes interest and other financing expenses, net, loss (gain) on sale of assets, unrealized currency losses and other expense, net.

 

 

 

 

 


THE HAIN CELESTIAL GROUP, INC. AND SUBSIDIARIES

 

Organic Net Sales Growth by Segment

 

(unaudited and in thousands)

 

 

 

 

 

 

 

 

 

 

Q3 FY26

North America

 

 

International

 

 

Hain Consolidated

 

Net sales

$

171,495

 

 

$

166,862

 

 

$

338,357

 

Less: Impact of divestitures, held for sale businesses, discontinued brands and exited product categories

 

57,493

 

 

 

872

 

 

 

58,365

 

Less: Impact of foreign currency exchange

 

282

 

 

 

12,244

 

 

 

12,526

 

Organic net sales

$

113,720

 

 

$

153,746

 

 

$

267,466

 

 

 

 

 

 

 

 

 

 

Q3 FY25

 

 

 

 

 

 

 

 

Net sales

$

222,407

 

 

$

167,944

 

 

$

390,351

 

Less: Impact of divestitures, held for sale businesses, discontinued brands and exited product categories

 

105,487

 

 

 

1,155

 

 

 

106,642

 

Organic net sales

$

116,920

 

 

$

166,789

 

 

$

283,709

 

 

 

 

 

 

 

 

 

 

Net sales decline

 

(22.9

)%

 

 

(0.6

)%

 

 

(13.3

)%

Less: Impact of divestitures, held for sale businesses, discontinued brands and exited product categories

 

(20.3

)%

 

 

(0.1

)%

 

 

(10.8

)%

Less: Impact of foreign currency exchange

 

0.1

%

 

 

7.3

%

 

 

3.2

%

Organic net sales decline

 

(2.7

)%

 

 

(7.8

)%

 

 

(5.7

)%

 

 

 

 

 

 

 

 

 

Q3 FY26 YTD

North America

 

 

International

 

 

Hain Consolidated

 

Net sales

$

573,236

 

 

$

517,124

 

 

$

1,090,360

 

Less: Impact of divestitures, held for sale businesses, discontinued brands and exited product categories

 

226,664

 

 

 

3,085

 

 

 

229,749

 

Less: Impact of foreign currency exchange

 

267

 

 

 

27,906

 

 

 

28,173

 

Organic net sales

$

346,305

 

 

$

486,133

 

 

$

832,438

 

 

 

 

 

 

 

 

 

 

Q3 FY25 YTD

 

 

 

 

 

 

 

 

Net sales

$

682,836

 

 

$

513,596

 

 

$

1,196,432

 

Less: Impact of divestitures, held for sale businesses, discontinued brands and exited product categories

 

330,826

 

 

 

3,872

 

 

 

334,698

 

Organic net sales

$

352,010

 

 

$

509,724

 

 

$

861,734

 

 

 

 

 

 

 

 

 

 

Net sales (decline) growth

 

(16.1

)%

 

 

0.7

%

 

 

(8.9

)%

Less: Impact of divestitures, held for sale businesses, discontinued brands and exited product categories

 

(14.5

)%

 

 

(0.1

)%

 

 

(7.9

)%

Less: Impact of foreign currency exchange

 

0.0

%

 

 

5.4

%

 

 

2.4

%

Organic net sales decline

 

(1.6

)%

 

 

(4.6

)%

 

 

(3.4

)%

 

 

 

 


THE HAIN CELESTIAL GROUP, INC. AND SUBSIDIARIES

 

Organic Net Sales Growth by Category

 

(unaudited and in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Q3 FY26

Baby & Kids

 

 

Beverages

 

 

Meal Prep

 

 

Personal Care

 

 

Snacks

 

 

Hain Consolidated

 

Net sales

$

53,133

 

 

$

66,502

 

 

$

153,231

 

 

$

12,664

 

 

$

52,827

 

 

$

338,357

 

Less: Impact of divestitures, held for sale businesses, discontinued brands and exited product categories

 

-

 

 

 

-

 

 

 

332

 

 

 

12,664

 

 

 

45,369

 

 

 

58,365

 

Less: Impact of foreign currency exchange

 

1,589

 

 

 

3,339

 

 

 

7,118

 

 

 

-

 

 

 

480

 

 

 

12,526

 

Organic net sales

$

51,544

 

 

$

63,163

 

 

$

145,781

 

 

$

-

 

 

$

6,978

 

 

$

267,466

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Q3 FY25

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

$

59,896

 

 

$

62,874

 

 

$

162,266

 

 

$

16,809

 

 

$

88,506

 

 

$

390,351

 

Less: Impact of divestitures, held for sale businesses, discontinued brands and exited product categories

 

221

 

 

 

-

 

 

 

8,634

 

 

 

16,809

 

 

 

80,978

 

 

 

106,642

 

Organic net sales

$

59,675

 

 

$

62,874

 

 

$

153,632

 

 

$

-

 

 

$

7,528

 

 

$

283,709

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales (decline) growth

 

(11.3

)%

 

 

5.8

%

 

 

(5.6

)%

 

 

(24.7

)%

 

 

(40.3

)%

 

 

(13.3

)%

Less: Impact of divestitures, held for sale businesses, discontinued brands and exited product categories

 

(0.4

)%

 

 

(0.0

)%

 

 

(4.9

)%

 

n/a

 

 

 

(33.5

)%

 

 

(10.8

)%

Less: Impact of foreign currency exchange

 

2.7

%

 

 

5.3

%

 

 

4.4

%

 

n/a

 

 

 

0.5

%

 

 

3.2

%

Net sales (decline) growth

 

(13.6

)%

 

 

0.5

%

 

 

(5.1

)%

 

n/a

 

 

 

(7.3

)%

 

 

(5.7

)%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Q3 FY26 YTD

Baby & Kids

 

 

Beverages

 

 

Meal Prep

 

 

Personal Care

 

 

Snacks

 

 

Hain Consolidated

 

Net sales

$

162,515

 

 

$

200,609

 

 

$

485,117

 

 

$

37,426

 

 

$

204,693

 

 

$

1,090,360

 

Less: Impact of divestitures, held for sale businesses, discontinued brands and exited product categories

 

(4

)

 

 

-

 

 

 

8,716

 

 

 

37,426

 

 

 

183,611

 

 

 

229,749

 

Less: Impact of foreign currency exchange

 

3,464

 

 

 

8,123

 

 

 

15,578

 

 

 

-

 

 

 

1,008

 

 

 

28,173

 

Organic net sales

$

159,055

 

 

$

192,486

 

 

$

460,823

 

 

$

-

 

 

$

20,074

 

 

$

832,438

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Q3 FY25 YTD

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales

$

182,225

 

 

$

189,364

 

 

$

499,311

 

 

$

47,844

 

 

$

277,688

 

 

$

1,196,432

 

Less: Impact of divestitures, held for sale businesses, discontinued brands and exited product categories

 

1,003

 

 

 

-

 

 

 

29,663

 

 

 

47,844

 

 

 

256,188

 

 

 

334,698

 

Organic net sales

$

181,222

 

 

$

189,364

 

 

$

469,648

 

 

$

-

 

 

$

21,500

 

 

$

861,734

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net sales (decline) growth

 

(10.8

)%

 

 

5.9

%

 

 

(2.8

)%

 

 

(21.8

)%

 

 

(26.3

)%

 

 

(8.9

)%

Less: Impact of divestitures, held for sale businesses, discontinued brands and exited product categories

 

(0.5

)%

 

 

0.0

%

 

 

(4.0

)%

 

n/a

 

 

 

(20.1

)%

 

 

(7.9

)%

Less: Impact of foreign currency exchange

 

1.9

%

 

 

4.3

%

 

 

3.1

%

 

n/a

 

 

 

0.4

%

 

 

2.4

%

Net sales (decline) growth

 

(12.2

)%

 

 

1.6

%

 

 

(1.9

)%

 

n/a

 

 

 

(6.6

)%

 

 

(3.4

)%

 

 

 

 


THE HAIN CELESTIAL GROUP, INC. AND SUBSIDIARIES

 

Adjusted EBITDA

 

(unaudited and in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Third Quarter

 

 

Third Quarter Year to Date

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

$

(106,343

)

 

$

(134,588

)

 

$

(242,974

)

 

$

(258,226

)

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation and amortization

 

12,484

 

 

 

10,455

 

 

 

39,044

 

 

 

32,902

 

Equity in net loss of equity-method investees

 

21

 

 

 

966

 

 

 

327

 

 

 

1,709

 

Interest expense, net

 

12,515

 

 

 

11,096

 

 

 

39,723

 

 

 

36,084

 

Provision (benefit) for income taxes

 

759

 

 

 

(505

)

 

 

1,889

 

 

 

5,746

 

Stock-based compensation, net

 

1,138

 

 

 

2,973

 

 

 

4,192

 

 

 

9,422

 

Unrealized currency losses

 

219

 

 

 

1,137

 

 

 

623

 

 

 

707

 

Certain litigation expenses, net(a)

 

2,519

 

 

 

407

 

 

 

3,164

 

 

 

2,254

 

Proceeds from insurance claim(b)

 

-

 

 

 

-

 

 

 

(25,900

)

 

 

-

 

Restructuring activities

 

 

 

 

 

 

 

 

 

 

 

Productivity and transformation costs

 

4,066

 

 

 

7,289

 

 

 

17,519

 

 

 

16,497

 

Plant closure related costs, net

 

727

 

 

 

(5

)

 

 

1,533

 

 

 

1,229

 

Warehouse/manufacturing consolidation and other costs, net

 

-

 

 

 

384

 

 

 

-

 

 

 

384

 

Acquisitions, divestitures and other

 

 

 

 

 

 

 

 

 

 

 

Loss (gain) on sale of assets

 

50,529

 

 

 

(106

)

 

 

48,501

 

 

 

2,202

 

Transaction and integration costs, net

 

1,553

 

 

 

(151

)

 

 

4,735

 

 

 

(574

)

Impairment charges

 

 

 

 

 

 

 

 

 

 

 

Goodwill impairment

 

31,018

 

 

 

110,251

 

 

 

150,926

 

 

 

201,518

 

Long-lived asset and intangibles impairment

 

15,047

 

 

 

24,012

 

 

 

26,964

 

 

 

42,029

 

Adjusted EBITDA

$

26,252

 

 

$

33,615

 

 

$

70,266

 

 

$

93,883

 

 

 

 

 

 

 

 

 

 

 

 

 

(a) Expenses and items relating to securities class action, baby food litigation and SEC investigation.

 

(b) Represents a receivable under the Company's representation and warranty insurance related to one of its prior acquisitions, which was collected on January 2, 2026.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


THE HAIN CELESTIAL GROUP, INC. AND SUBSIDIARIES

 

Free Cash Flow

 

(unaudited and in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Third Quarter

 

 

Third Quarter Year to Date

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

 

 

 

 

 

 

 

 

 

 

 

 

Net cash provided by operating activities

$

38,338

 

 

$

4,645

 

 

$

66,826

 

 

$

24,763

 

Purchases of property, plant and equipment

 

(3,789

)

 

 

(6,921

)

 

 

(16,004

)

 

 

(19,060

)

Free cash flow

$

34,549

 

 

$

(2,276

)

 

$

50,822

 

 

$

5,703

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


THE HAIN CELESTIAL GROUP, INC. AND SUBSIDIARIES

 

Net Debt

 

(unaudited and in thousands)

 

 

 

 

 

 

 

 

March 31, 2026

 

 

June 30, 2025

 

Debt

 

 

 

 

 

Current portion of long-term debt

$

549,184

 

 

$

7,653

 

Long-term debt, less current portion

 

312

 

 

 

697,168

 

Total debt

 

549,496

 

 

 

704,821

 

Less: Cash and cash equivalents

 

44,311

 

 

 

54,355

 

Net debt

$

505,185

 

 

$

650,466