HAIN CELESTIAL GROUP INC (HAIN): restructuring charge — Hain Celestial unveils Hain Reimagined restructuring; targets $130-150M annual savings by FY27

HAIN CELESTIAL GROUP INC

Board approved 2024 Hain Reimagined Program with cumulative pretax charges of $90-$100M (30% contract term, 25% asset write-downs, 20% employee costs, 25% other).
Restructuring targets $130-$150M annualized pretax savings by FY27; one-time costs estimated at $115-$125M across FY24-25.
Financial algorithm: organic net sales CAGR 3%+, adjusted EBITDA CAGR 10%+, adjusted EBITDA margin 12%+ by FY27, net debt leverage 2-3x.
Fuel Program expects ~400-500 bps adjusted gross margin improvement and $400M cumulative free cash flow by FY27.
Strategy focuses on BFY Snacks, BFY Baby & Kids, BFY Beverage platforms across US, Canada, UK, Ireland, and Europe.

Key facts

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Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

HAIN CELESTIAL GROUP INC announced a restructuring with charges of $90-$100 million affecting the Company's operating segments and Corporate.

Type: restructuring
Charge: $90-$100 million
Affected area: the Company's operating segments and Corporate

Exact text from the filing

Implementation of the 2024 Hain Reimagined Program, which is expected to be completed by the end of the 2027 fiscal year, is projected to result in cumulative pretax restructuring charges totaling $90-$100 million

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Source: SEC EDGAR

accession 0000910406-23-000075

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