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Helen of Troy Reports Record Sales and Income
Jan 15, 2013
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Small appliance maker Helen of Troy Ltd. (El Paso, TX) reported record net sales revenue and record net income for the three months and nine months ended Nov. 30, 2012.

Fiscal 2013 third quarter net sales revenue was $374,599,000 compared to $338,785,000 in 3Q of the previous fiscal year, for an increase of $35,814,000, or 10.6%.

Net sales revenue for the first three quarters of the fiscal year was $962,221,000, from $887,672,000 in the same period of the prior year, for an increase of $74,549,000, or 8.4%.

HoT's Housewares business segment includes primarily non-appliance housewares, such as kitchen and food prep utensils. Fiscal 2013 3Q net sales revenue in the Housewares segment was $67,787,000, from $61,223,000 for the same period in the previous year, for an increase of $6,564,000 or 10.7%. For the first nine months, net sales revenue in the Housewares segment was $192,606,000, from $178,017,000 for the same period in the previous year, for an increase of $14,589,000, or 8.2%.

HoT's Personal Care business segment sells personal care appliances for both home and professional (salon) use. The segment also includes personal care consumables such as cosmetics and hair care products. Fiscal 2013 3Q net sales revenue in the Personal Care segment was $148,638,000, from $148,984,000 in the same period of the previous year, for a decrease of $346,000 or 0.2%. For the first nine months of the current fiscal year, net sales revenue in the Personal Care segment was $378,554,000, from $386,998,000 in the same period of the previous year, for a decrease of $8,444,000, or 2.2%.

HoT's Healthcare/Home Environment business segment sells personal care/small appliances and consumables. Fiscal 2013 3Q net sales revenue in the Healthcare/Home Environment segment was $158,174,000, from $128,578,000 in the same period of the previous year, for an increase of $29,596,000, or 23.0%. This includes $28,076,000 of incremental net sales revenue from the company's acquisition of the PUR water filtration business on Dec. 30, 2011. For the first nine months of the fiscal year, net sales revenue in the Healthcare/Home Environment segment was $391,061,000, from $322,657,000 for the same period of the previous year, for an increase of $68,404,000, or 21.2%. This reflects $78,619,000 of incremental net sales revenue from PUR.

Net income in 3Q of fiscal 2013 was $37,719,000, from $32,879,000 in 3Q of fiscal 2012, for an increase in net income of $4,840,000 or 14.7%. For the first nine month of fiscal 2013, net income was $84,159,000, up from $81,077,000 in the first nine months of the previous fiscal year. This marks an increase in net income of $3,082,000 or 3.8%.

Operating income for 3Q fiscal 2013 was a record $47,052,000, from $41,828,000 in 3Q fiscal 2012 - up $5,224,000 or 12.5%. Operating income for the first nine months was a record $109,041,000, up from $102,831,000 in the same period of the previous year. This is an increase of $6,210,000 or 6.0%.

Gerald J. Rubin, Chairman, CEO, and President, also announced plans to construct a 1.3 million square foot distribution facility in Olive Branch, MS. "This new facility will be owned and managed by Helen of Troy and will replace currently leased space in the area," Rubin explained. "The facility will supplement the 1.2 million square foot distribution center we already own and manage in Southaven, Mississippi (giving us a total of 2.5 million square feet of distribution capacity in DeSoto County, Mississippi), and will accommodate future growth, both organic and through acquisitions.

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