NATURE'S SUNSHINE PRODUCTS
May 6, 2021
Natures Sunshine Products reported record first-quarter net sales of 102.4 million dollars, up 7 percent from 95.9 million dollars a year earlier. It was the third straight quarter above 100 million dollars. GAAP net income attributable to common shareholders was 4.0 million dollars, or 0.20 dollars a share. Adjusted EBITDA rose 20 percent to 11.6 million dollars.
Chief executive Terrence Moorehead said Asia and Latin America led growth and that Europe was solid while North America faced a tough comparison with pandemic stockpiling a year earlier. Asia sales rose 15.5 percent. Latin America and Other rose 20.1 percent. Europe rose 7.6 percent. North America fell 2.6 percent.
Operating income was 7.6 million dollars. Cash and cash equivalents were 91.3 million dollars and debt was 3.3 million dollars at quarter end. The company had earlier declared a 1 dollar special dividend payable April 9, 2021.