Natures Sunshine Posts Record Fourth Quarter Sales and Adds 30 Million Buyback

Natures Sunshine Products said fourth-quarter 2021 net sales rose 15.9 percent to a record 117.9 million dollars, the sixth straight record quarter. GAAP net income rose to 13.8 million dollars, or 67 cents per diluted share, and adjusted EBITDA rose 54.7 percent to 11.6 million dollars. Full-year net sales rose 15.3 percent to a company-record 444.1 million dollars, with net income of 30.2 million dollars, or 1.42 dollars per diluted share.

Chief executive Terrence Moorehead credited the company's five global growth strategies. The board authorized up to 30 million dollars of additional share repurchases beyond a prior 15 million dollar program. Cash and cash equivalents were 86.2 million dollars at year-end. Management also flagged sales risk in Russia and Ukraine after the invasion while monitoring conditions.