Nature's Sunshine Q3 net income jumps to $2.8M; adj. EBITDA up 50% to $10.3M; raises FY outlook

NATURES SUNSHINE PRODUCTS INC

2023-Q3 EPS reported $0.31 revenue$336,384,000

Net sales $111.2M, up 6% YoY (7% constant currency); Asia/Pacific +12% local currency, North America +11%.
GAAP net income attributable to common shareholders $2.8M ($0.15 dil EPS) vs $0.1M ($0.00) year ago.
Adjusted EBITDA $10.3M, +50% from $6.8M; gross margin improved 150 bps to 73.1%.
Raised FY 2023 adj. EBITDA guidance to $37-40M (from $34-38M); net sales guidance $443-451M unchanged.
Operating cash flow $31.6M YTD vs negative $2.9M prior year; cash $76M, debt $0.2M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NATURES SUNSHINE PRODUCTS INC reported the third quarter ended September 30, 2023 results: revenue $111.2 million, net income $2.8 million, EPS $0.15 per diluted common share. Guidance raised.

Period: the third quarter ended September 30, 2023
Revenue: $111.2 million
Net income: $2.8 million
EPS: $0.15 per diluted common share
Guidance: raised
Result: reported results

Exact text from the filing

products, reported financial results for the third quarter ended September 30, 2023. Third Quarter 2023 Financial Summary vs. Same Year-Ago Quarter • Net sales were up 6% to $111.2 million compared to $104.5 million (up 7% in constant currency). • Gross margin increased 150 basis points to 73.1% compared to 71.6%. • GAAP net income attributable to common

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Source: SEC EDGAR

accession 0001628280-23-037449

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