secwatch.observer — SEC 8-K summary
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Issuer:     HAIN CELESTIAL GROUP INC (HAIN)
CIK:        0000910406
Form:       8-K
Filed at:   2023-09-13T23:59:59+00:00
Accession:  0000910406-23-000075
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.05, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hain Celestial unveils Hain Reimagined restructuring; targets $130-150M annual savings by FY27
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/910406/000091040623000075/0000910406-23-000075-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/910406/000091040623000075/hain-20230911.htm
  HTML page:      https://secwatch.observer/filing/0000910406-23-000075

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