Company profile

Ticker
HAIN
Exchange
CEO
Mark Lawrence Schiller
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
Former names
Hain Food Group Inc
SEC CIK
IRS number
223240619

HAIN stock data

(
)

Calendar

7 May 20
13 Jul 20
30 Jun 21

News

Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 553.3M 506.78M 482.08M 557.68M
Net income 24.34M -964K -107.02M -13.55M
Diluted EPS 0.23 -0.01 -1.03 -0.13
Net profit margin 4.40% -0.19% -22.20% -2.43%
Operating income 19.14M 9.19M 2.46M 740K
Net change in cash 4.53M 16.5M -10.5M 3.46M
Cash on hand 41.55M 37.02M 20.52M 31.02M
Cost of revenue 420.9M 401.18M 384.25M 561.42M
Annual (USD) Jun 19 Jun 18 Jun 17 Jun 16
Revenue 2.3B 2.46B 2.34B 2.39B
Net income -183.31M 9.69M 67.43M 47.43M
Diluted EPS -1.76 0.09 0.65 0.46
Net profit margin -7.96% 0.39% 2.88% 1.98%
Operating income -14.89M 106.04M 109.42M 118.8M
Net change in cash -75.54M -30.5M 22.06M -51.93M
Cash on hand 31.02M 106.56M 137.06M 114.99M
Cost of revenue 1.86B 1.94B 1.82B 1.83B

Financial data from company earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
18 May 20 Welling Glenn W. Other Dispose J No 0 4,391,753 0 0
18 May 20 Welling Glenn W. Sell Dispose S No 29.1862 14,600 426.12K 147,449
18 May 20 Welling Glenn W. Sell Dispose S No 29.1862 160,400 4.68M 1,719,645
18 May 20 Engaged Capital Co-Invest VI-D Other Dispose J No 0 4,391,753 0 0
18 May 20 Engaged Capital Co-Invest VI-D Sell Dispose S No 29.1862 14,600 426.12K 147,449
18 May 20 Engaged Capital Co-Invest VI-D Sell Dispose S No 29.1862 160,400 4.68M 1,719,645
15 May 20 Welling Glenn W. Sell Dispose S No 29.7524 31,180 927.68K 162,049
15 May 20 Welling Glenn W. Sell Dispose S No 29.7524 368,820 10.97M 1,880,045
15 May 20 Engaged Capital Co-Invest VI-D Sell Dispose S No 29.7524 31,180 927.68K 162,049
15 May 20 Engaged Capital Co-Invest VI-D Sell Dispose S No 29.7524 368,820 10.97M 1,880,045
13F holders
Current Prev Q Change
Total holders 286 299 -4.3%
Opened positions 43 42 +2.4%
Closed positions 56 41 +36.6%
Increased positions 75 77 -2.6%
Reduced positions 106 118 -10.2%
13F shares
Current Prev Q Change
Total value 6.79B 7.39B -8.2%
Total shares 102.56M 108.05M -5.1%
Total puts 158.8K 742.1K -78.6%
Total calls 521.8K 921.8K -43.4%
Total put/call ratio 0.3 0.8 -62.2%
Largest owners
Shares Value Change
Engaged Capital 21.07M $547.16M 0.0%
Vanguard 7.76M $201.59M +2.8%
BLK BlackRock 7.02M $182.19M -3.2%
Brown Advisory 5.75M $149.39M +11.0%
Alliancebernstein 5.6M $145.44M -5.2%
Thrivent Financial For Lutherans 4.27M $110.89M -8.6%
Black Creek Investment Management 4.17M $108.28M -28.7%
WFC^Z Wells Fargo & Company 3.87M $100.48M +7.2%
Paradice Investment Management 2.37M $61.43M -2.8%
UBS UBS 2.29M $59.4M -7.5%
Largest transactions
Shares Bought/sold Change
Black Creek Investment Management 4.17M -1.68M -28.7%
Nuveen Asset Management 182.28K -795.17K -81.4%
Norges Bank 0 -787.89K EXIT
Sessa Capital IM 0 -735.39K EXIT
Greenhouse Funds LLLP 644.42K +644.42K NEW
American Century Companies 282.69K -589.66K -67.6%
Brown Advisory 5.75M +568.31K +11.0%
Friess Associates 530K +530K NEW
Clearbridge Advisors 1.11M +446.57K +67.1%
Thrivent Financial For Lutherans 4.27M -400.22K -8.6%

Financial report summary

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Risks
  • Our markets are highly competitive.
  • Our growth and continued success depend upon consumer preferences for our products, which could change.
  • A significant portion of our business has exposure to continued political uncertainty in the United Kingdom and the negotiation of its exit from the European Union, commonly referred to as “Brexit.”
  • Consolidation of customers or the loss of a significant customer could negatively impact our sales and profitability.
  • We rely on independent distributors for a substantial portion of our sales.
  • Disruptions in the worldwide economy and the financial markets may adversely impact our business and results of operations.
  • We are subject to risks associated with our international sales and operations, including foreign currency, compliance and trade risks.
  • If we do not manage our supply chain effectively, our operating results may be adversely affected.
  • Our future results of operations may be adversely affected by volatile commodity costs.
  • Our ability to achieve our business plans is partially dependent on our ability to implement and achieve targeted savings and efficiencies from cost reduction initiatives.
  • Our debt may restrict our future operations, and any default under our debt agreements could have significant consequences.
  • Ineffective internal controls could impact the Company’s business and financial results.
  • Legal claims, government investigations or other regulatory enforcement actions could subject us to civil and criminal penalties.
  • Pending and future litigation may lead us to incur significant costs.
  • We may be subject to significant liability that is not covered by insurance, and our potential indemnification obligations and limitations of our director and officer liability insurance could result in significant legal expenses or damages and cause our business, financial condition, results of operations and cash flows to suffer.
  • We may be subject to significant liability should the consumption of any of our products cause illness or physical harm.
  • An impairment in the carrying value of goodwill or other acquired intangible assets could materially and adversely affect our consolidated results of operations and net worth.
  • We may not be able to successfully consummate divestitures as part of our strategy to become a smaller business.
  • Our acquisition history could expose us to risk, including our ability to continue to integrate the brands that we have acquired.
  • Our future results of operations may be adversely affected by the availability of organic ingredients.
  • Interruption in, disruption of or loss of operations at one or more of our manufacturing facilities could harm our business.
  • Loss of one or more of our independent co-packers could adversely affect our business.
  • Disruption of our transportation systems could harm our business.
  • Our inability to use our trademarks could have a material adverse effect on our business.
  • We are subject to environmental laws and regulations relating to hazardous materials, substances and waste used in or resulting from our operations. Liabilities or claims with respect to environmental matters could have a significant negative impact on our business.
  • If the reputation of one or more of our leading brands erodes significantly, it could have a material impact on our results of operations.
  • We rely on independent certification for a number of our products.
  • A cybersecurity incident or other technology disruptions could negatively impact our business and our relationships with customers.
  • Our business operations could be disrupted if our information technology systems fail to perform adequately.
  • Compliance with data privacy laws may be costly, and non-compliance with such laws may result in significant liability.
  • Joint ventures that we enter into present a number of risks and challenges that could have a material adverse effect on our business and results of operations.
  • Global capital and credit market issues could negatively affect our liquidity, increase our costs of borrowing and disrupt the operations of our suppliers and customers.
  • Climate change may negatively affect our business and operations.
  • The ownership of our common stock could be concentrated, and certain stockholders could have significant influence over the outcome of corporate actions requiring stockholder approval.
  • Our ability to issue preferred stock may deter takeover attempts.
Management Discussion
  • Net sales in fiscal 2019 were $2.30 billion, a decrease of $155.3 million, or 6.3%, from net sales of $2.46 billion in fiscal 2018. Foreign currency exchange rates negatively impacted net sales by $52.6 million as compared to the prior year. On a constant currency basis, net sales decreased approximately 4.2% from the prior year. Net sales decreased across all three of our reportable segments. Further details of changes in net sales by segment are provided below.
  • Gross profit in fiscal 2019 was $445.2 million, a decrease of $70.2 million, or 13.6%, from gross profit of $515.4 million in fiscal 2018. Gross profit margin was 19.3%, a decrease of 170 basis points from the prior year. Gross profit was unfavorably impacted by an inventory write-down of $12.4 million in connection with the discontinuance of slow moving SKUs primarily in the United States as part of a product rationalization initiative, higher trade and promotional investments and increased freight and commodity costs primarily in the United States segment. These increased costs were partially offset by Project Terra cost savings.
  • Selling, general and administrative expenses were $340.9 million, a decrease of $0.7 million, or 0.2%, in fiscal 2019 from $341.6 million in fiscal 2018. Selling, general and administrative expenses decreased primarily due to lower marketing investment costs in the United States, the reversal of previously accrued amounts under the net sales portion of the 2016-2018 and 2017-2019 LTIPs and the reversal of previously recognized stock-based compensation expense associated with the relative TSR portion of the 2017-2019 LTIP due to specified performance metrics not being attained. See Note 14, Stock-based Compensation and Incentive Performance Plans, in the Notes to the Consolidated Financial Statements included in Item 8 of this Form 10-K for further discussion on the aforementioned reversals under the Company’s LTIPs. This decrease was offset in part by increased consulting costs in the United States, as well as increased variable compensation costs. Selling, general and administrative expenses as a percentage of net sales was 14.8% in fiscal 2019 and 13.9% in the prior year, an increase of 90 basis points, primarily attributable to the aforementioned items.
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