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Hain Celestial Announces Record Sales, Earnings

The Hain Celestial Group, Inc. (Nasdaq: HAIN), a leading natural/ organic food and personal care products company, reported results for the second quarter ended December 31, 2005. Hain Celestial reported second quarter record sales of $186.2 million, a 10% increase over the prior year’s $169.8 million. Net income reached $12.7 million, a second quarter record, an increase of 19% from the prior year’s $10.7 million. Diluted earnings for the second quarter this year were a record $0.33 per share as compared to $0.29 in the prior year’s second quarter. “I am proud of our team as we accomplished record sales and profits with significant improvement in operating margins and our cash conversion,” said Irwin D. Simon, CEO. “We saw strength in each of our Grocery, Tea and Personal Care lines in both sales and consumption driven by Earth’s Best, Imagine soups, Garden of Eatin’, Terra, Rice Dream, WestSoy, Ethnic Gourmet, Celestial Seasonings, Jason and Zia Natural Skincare. We are also excited by the progress we are making on the operating front with enhanced margins despite increased input costs. Our sales and earnings continue to grow, driven by strong top line growth, improved margins and focused working capital management.” The Company’s […]

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Power Integrations Reports Q4, 2005 Results

Power Integrations (Nasdaq:POWI), a leader in energy efficient chips, reported record revenues for Q4 of $37.9 million, up 13 percent compared to Q4 last year, and up 4 percent from Q3. Revenue growth was driven primarily by industrial and communications revenues, which increased 63 percent and 15 percent respectively on a year-over-year basis. Gross margin for the fourth quarter was 51.1 percent, up from 48.3 percent in the year-ago quarter and 49.5 percent in the prior quarter. Said CEO Balu Balakrishnan, “We improved our gross margin in 2005 while expanding our market share and reducing inventories by nearly 30 percent. We also grew our net income and cash flow for the year despite significant patent-litigation expenses. While patent litigation is a temporary drag on our operating results, protecting our intellectual property is critical to maximizing our long-term profitability. “We have strong momentum entering 2006,” he added. “2005 was a record year in terms of design wins, and we have a number of incremental growth drivers coming into play in the year ahead. Energy-efficiency standards for external power supplies are having a major impact on markets such as cordless phones and cell phones. We have recently won designs for Panasonic and […]

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American Power Conversion Reports Record Revenue, Lower Earnings

American Power Conversion reports that fourth quarter revenues rose 13% but earnings slid 67%. The company had record revenues for 2005, but lower profits. Said Rodger B. Dowdell Jr., APC’s CEO, “We experienced growth across all of our product lines and we are particularly proud of the 60% year- over-year revenue growth for InfraStruXure, our core NCPI solution. We are investing to re-architect our supply chain to drive higher levels of customer satisfaction and reduce product costs, while simultaneously investing in the start up of new product lines as well as new factories. While we are realizing some benefits of higher volume on our manufacturing costs, as well as leverage on our operating expenses, we are incurring additional costs to implement the improvements in our manufacturing and supply chain, which impacted our gross margin in the quarter.” The company also announced that its Board of Directors approved a stock repurchase program authorizing up to $200 million to repurchase outstanding shares of APC’s common stock. “The actions taken by our Board of Directors to authorize a stock buyback program demonstrate our confidence in APC’s future,” said Dowdell. Revenue for Q4 was a record $578.6 million, up from $510.8 million in the […]

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Hydrogenics Delivers Hydrogen Generator to Nuclear Plant

Hydrogenics Corporation (TSX:HYG; NASDAQ:HYGS), has delivered a HySTAT(TM) Hydrogen Plant to a North American nuclear plant. The high-purity hydrogen generated is being used to prevent corrosion and extend the life of stainless steel tubes in the nuclear reactor as part of an upgrade for the purpose of renewing the plant’s operating permit. The hydrogen generator in this application consists of two HySTAT-A electrolyzer modules, each capable of producing 33Nm3/hr of hydrogen further demonstrating the scalability of Hydrogenics line of hydrogen generation products. The excess oxygen produced by the electrolysis process is also being used for the facility’s chemical processing. “Everyone recognizes how important reliability and safety are when operating a nuclear power plant and by helping prevent corrosion, hydrogen plays a key role in this process,” said Pierre Rivard, Hydrogenics President and Chief Executive Officer. “Using our time-tested IMET alkaline electrolysis technology, Hydrogenics’ HySTAT-A hydrogen plant provides the highest level of quality and dependability, perfect for critical applications such as this.” Hydrogenics Corporation has a portfolio of products in the hydrogen and fuel cell products. The company is based in Mississauga, Ontario, Canada, has operations in North America, Europe and Asia. Website: http://www.hydrogenics.com     

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