=Hain Celestial (HAIN) reported earnings on Tue 29 Aug 2017 (b/o)

Hain Celestial beats by $0.03, reports revs in-line; guides FY18 EPS above consensus, revs above consensus

• Reports Q4 (Jun) earnings of $0.43 per share, $0.03 better than the Capital IQ Consensus of $0.40; revenues fell 1.7% year/year to $725.1 mln vs the $720.7 mln Capital IQ Consensus.
• Co issues upside guidance for FY18, sees EPS of $1.63-1.80, excluding non-recurring items, vs. $1.65 Capital IQ Consensus Estimate; sees FY18 revs of $2.967-3.036 bln vs. $2.97 bln Capital IQ Consensus Estimate.
  • Adjusted EBITDA of $350 million to $375 million, an increase of approximately 27% to 36% as compared to fiscal year 2017.
• Irwin Simon concluded, "We are well-positioned among some of the fastest growing trends, categories and channels in consumer products today and are fortunate to have the financial flexibility to support our future business growth and capital allocation priorities. We believe our continued ability to evolve our business as we grow our organic, natural and better-for-you brands, expand relationships with new and existing customers and attract new consumers globally, paired with Project Terra, will fuel our success and create long-term value for our shareholders."