The Hain Celestial Group Reports Q2 EPS of $0.39 vs. $0.37

The Hain Celestial Group, Inc. HAIN today reported results for the second quarter ended December 31, 2010. Reflecting strong sales performance, net sales for the second quarter totaled $291.9 million, an increase of 21% over sales of $242.0 million in the prior year second quarter. The Company earned $16.3 million in net income, a record quarter for the Company and a 45% increase from $11.2 million in the prior year second quarter. The Company reported GAAP earnings of $0.37 per diluted share as compared to $0.27 per diluted share in the prior year second quarter. On an adjusted basis earnings per diluted share were $0.39 on adjusted net income of $17.5 million before pre-tax acquisition related expenses of $1.4 million Operating margin was 10.2% on a GAAP basis, a 127 basis point improvement, up from 8.9% in the prior year second quarter. On an adjusted basis operating margin was 10.5%, improving from 9.4% in the prior year second quarter.