Small appliance maker Helen of Troy Ltd. (El Paso, TX) reported record results for its fourth quarter and fiscal year ending Feb. 28, 2013.
In fiscal year 2013, net sales revenue was up 9.0% to a record $1.29 billion, from $1.18 billion in fiscal 2012.
FY 2013 gross profit margin as a percentage of net sales revenue was 40.2%, from 40.5% in FY 2012, which the company said resulted from unfavorable currency exchange rates and product cost increases across all segments.
FY 2013 operating income was $148.8 million, up 6.7% from $139.4 million in FY 2012.
FY 2013 net income was a record $115.7 million, up 4.8% from $110.4 million in FY 2012.
In the fourth quarter of FY 2013, net sales revenue increased 10.9% to a record $326.0 million, from $294.0 million in the fourth quarter of FY 2012.
4Q gross profit margin as a percentage of net sales revenue was 40.4%, from 41.9% in 4Q FY 2012, a result of product cost increases across all segments.
4Q operating income was $39.7 million, up 8.7% from $36.6 million in 4Q 2012.
4Q net income was a record $31.5 million, up 7.5% from $29.3 million in 4Q 2013.
"While the global economic environment is mixed, we remain keenly focused on executing our growth strategies and controlling our costs," said Gerald J. Rubin, chairman, CEO and president. "We will continue to invest in organic growth while evaluating accretive acquisitions that complement, and further diversify, our portfolio of global consumer products and brands."
The company expects fiscal year 2014 net sales revenue in the range of $1.29 billion to $1.32 billion.
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