8-K
filed May 9, 2023, 7:59 PM ET
ticker NATR
CIK 0000275053
earnings
confidence high
sentiment neutral
materiality 0.60
Nature's Sunshine Q1 net sales $108.6M (+2.4% constant currency); GAAP EPS $0.04; $5.8M criminal scheme charge
NATURES SUNSHINE PRODUCTS INC
2023-Q1 EPS reported
$0.04
revenue$108,634,000
- Net sales $108.6M, down 1.7% reported, up 2.4% constant currency; Asia segment grew 9.1% constant currency.
- GAAP net income $1.3M ($0.04/diluted) vs loss of $2.7M ($0.15 loss); adjusted EBITDA $9.1M, up 12%.
- SG&A included $5.8M one-time charge from a criminal scheme targeting a subsidiary; operating income fell to $0.2M.
- Gross margin improved to 70.8% from 68.8% due to prior-year inventory valuation reserves from Russia/Ukraine.
- Cash $65.7M, debt $1.0M; repurchased 90k shares for $0.8M in Q1; all director nominees elected at annual meeting.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
NATURES SUNSHINE PRODUCTS INC reported first quarter ended March 31, 2023 results: revenue $108.6 million, net income $1.3 million, EPS $0.04 per diluted common share.
- Period
- first quarter ended March 31, 2023
- Revenue
- $108.6 million
- Net income
- $1.3 million
- EPS
- $0.04 per diluted common share
- Result
- reported results
Exact text from the filing
Net sales were $108.6 million compared to $110.5 million (up 2% in constant currency). • GAAP net income was $1.3 million, or $0.04 per diluted common share, compared to a loss of $(2.7) million, or $(0.15) per diluted common share. • Adjusted EBITDA was $9.1 million compared to $8.2 million.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
NATURES SUNSHINE PRODUCTS INC shareholders approved Election of Directors at the 2023-05-03 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-05-03
Exact text from the filing
The Company’s shareholders elected all persons nominated for election as directors as set forth in the Proxy Statement to serve until the next Annual Meeting of Shareholders.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
NATURES SUNSHINE PRODUCTS INC shareholders approved Ratification of appointment of independent registered public accounting firm at the 2023-05-03 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-05-03
Exact text from the filing
The Company’s shareholders voted upon and ratified the appointment of Deloitte & Touche LLP as the Company’s independent registered public accountants for the year ending December 31, 2023.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
NATURES SUNSHINE PRODUCTS INC shareholders approved Advisory Resolution on Executive Officer Compensation at the 2023-05-03 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-05-03
Exact text from the filing
The Company’s shareholders, on an advisory basis, voted to approve an advisory resolution of the compensation of the Company’s named executive officers as follows:
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
NATURES SUNSHINE PRODUCTS INC shareholders approved Advisory Vote on the Frequency of Future Shareholder Advisory Votes on Named Executive Officer Compensation at the 2023-05-03 meeting.
- Proposal
- say on pay frequency
- Outcome
- passed
- Meeting
- 2023-05-03
Exact text from the filing
The Company’s shareholders voted to to hold the shareholder advisory vote on compensation of our named executive officers every year, with results as follows:
View on SEC.gov
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