Nature's Sunshine Q1 net income $2.3M ($0.12 EPS); digital sales surge 33%

NATURES SUNSHINE PRODUCTS INC

2024-Q1 EPS reported $0.12 revenue$110,993,000

Net sales $111.0M (+2% YoY, +4% constant currency); gross margin 71.2% (+33 bps).
GAAP net income $2.3M ($0.12 diluted EPS) vs $0.9M ($0.04) YoY; adjusted EBITDA $9.2M ($9.1M).
Digital sales +33%, new customers +34%; North America +5%, Asia flat due to China weakness.
FY2024 guidance reaffirmed: net sales $455-480M, adjusted EBITDA $42-48M.
Repurchased 105,000 shares for $1.8M ($17.61/share); cash $77.8M, debt $2.1M.

item 2.02 item 5.07 item 9.01

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, 2024 results: revenue $111.0 million, net income $2.3 million, EPS $0.12 per diluted common share.

Period: first quarter ended March 31, 2024
Revenue: $111.0 million
Net income: $2.3 million
EPS: $0.12 per diluted common share
Result: reported results

Exact text from the filing

products, reported financial results for the first quarter ended March 31, 2024. First Quarter 2024 Financial Summary vs. Same Year-Ago Quarter • Net sales were up 2% to $111.0 million compared to $108.6 million (up 4% in constant currency). • Gross margin increased 33 basis points to 71.2% compared to 70.8%. • GAAP net income attributable to common

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NATURES SUNSHINE PRODUCTS INC reported full year 2024 results: revenue $455 - $480 million. Guidance reaffirmed.

Period: full year 2024
Revenue: $455 - $480 million
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

The Company continues to expect full year 2024 net sales to range between $455 - $480 million and adjusted EBITDA to range between $42 - $48 million.

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.95

NATURES SUNSHINE PRODUCTS INC shareholders approved Advisory Resolution on Executive Officer Compensation at the 2024-05-01 meeting.

Proposal: say on pay
Outcome: passed
Meeting: 2024-05-01

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:

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.95

NATURES SUNSHINE PRODUCTS INC shareholders approved Ratification of Appointment of Independent Registered Public Accounting Firm at the 2024-05-01 meeting.

Proposal: auditor ratification
Outcome: passed
Meeting: 2024-05-01

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, 2024.

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.95

NATURES SUNSHINE PRODUCTS INC shareholders approved Election of Directors at the 2024-05-01 meeting.

Proposal: director election
Outcome: passed
Meeting: 2024-05-01

Exact text from the filing

The Company held its 2024 Annual Meeting of Shareholders on May 1, 2024 (the "Meeting"). The proposals voted upon at the Meeting and the final results of the shareholder vote on each proposal are set forth below.

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Source: SEC EDGAR

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