earnings
confidence high
sentiment neutral
materiality 0.75
Helen of Troy Q3 adj EPS $2.79, sales down 1.6%; narrows FY outlook; CEO succession to Noel Geoffroy on March 1
HELEN OF TROY LTD
2024-Q3 EPS reported
$5.25
revenue$1,515,849,000
- Q3 net sales $549.6M (-1.6% YoY); GAAP EPS $3.19 vs $2.15; adjusted EPS $2.79 vs $2.75.
- Operating margin 19.5% (+570 bps) helped by $34.2M gain on sale of El Paso facilities.
- Fiscal 2024 outlook narrowed: net sales $1.975-2.0B; adjusted EPS $8.60-8.85; adjusted EBITDA lowered to $330-335M (growth 0.8-2.3%).
- CEO Julien Mininberg to retire March 1, 2024; COO Noel Geoffroy to become CEO.
- Q3 cash from operations $74.7M; free cash flow $65.6M; year-to-date free cash flow $202.8M.