The Hain Celestial Group Announces Strong First Quarter Fiscal Year 2011 Results

The Hain Celestial Group, Inc. HAIN, a leading natural and organic products company providing consumers with A Healthy Way of Life™, today reported results for the first quarter ended September 30, 2010. Net sales for the first quarter totaled $258.0 million versus $230.5 million in the prior year first quarter reflecting strong results from the Company's North American operations. The Company reported GAAP earnings of $0.21 per diluted share on net income of $9.1 million as compared to the prior year first quarter earnings of $0.20 per diluted share on net income of $8.1 million. The earnings improvement came from the strength of profit contributions from the Company's United States, Canadian and Continental European operations. The first quarter results are after the Company absorbed expenses of $2.3 million, or $0.04 per diluted share, for acquisition related expenses. Before these acquisition related charges, adjusted earnings were $0.25 per diluted share on adjusted net income of $10.8 million.