Hain Celestial‘s 1st Quarter Delivered “Solid” Gains In Sales, Profit

Organic and natural products company Hain Celestial posted a healthy first quarter 2018 net sales increase of four percent to $708.3 million. Gross margin rose 250 basis points to 18.6 percent, and operating income soared 129 percent to $31.5 million. Diluted earnings per share was $0.19, while adjusted diluted EPS was $0.23. CEO Irwin D. Simon called the results "solid with improved net sales growth and profitability” and met expectations across all business segments. [ Image credit: © Hain Celestial ]