secwatch.observer — SEC 8-K summary
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Issuer:     HERBALIFE LTD. (HLF)
CIK:        0001180262
Form:       8-K
Filed at:   2024-02-14T23:59:59+00:00
Accession:  0001157523-24-000245
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Herbalife Q4 net sales up 2.9% YoY to $1.2B; full-year net sales down 2.7% to $5.1B; initiates refinancing of 2018 loans
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- Q4 net sales $1.2B, up 2.9% YoY (2.5% constant currency); net income $10.2M, diluted EPS $0.10.
- Full-year 2023 net sales $5.1B, down 2.7% vs 2022; net income $142.2M, diluted EPS $1.42, adjusted EPS $2.21.
- Adjusted EBITDA Q4 $108.8M, full-year $570.6M; free cash flow $222.5M, operating cash flow $357.5M.
- Transformation Program cost savings of ~$70M realized in 2023; pre-tax expenses ~$12M in Q4.
- Refinancing initiated for 2018 Term Loan A and Revolving Credit Facility (due March 2025); Annual Meeting April 25, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1180262/000115752324000245/0001157523-24-000245-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1180262/000115752324000245/a53896295.htm
  HTML page:      https://secwatch.observer/filing/0001157523-24-000245

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