secwatch.observer — SEC 8-K summary
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Issuer:     HELEN OF TROY LTD (HELE)
CIK:        0000916789
Form:       8-K
Filed at:   2024-01-08T23:59:59+00:00
Accession:  0000916789-24-000003
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Helen of Troy Q3 adj EPS $2.79, sales down 1.6%; narrows FY outlook; CEO succession to Noel Geoffroy on March 1
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/916789/000091678924000003/0000916789-24-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/916789/000091678924000003/hele-20240108.htm
  HTML page:      https://secwatch.observer/filing/0000916789-24-000003

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