Leading organic and natural products company Hain Celestial (HAIN) ended fiscal 2014 with flying colors. The company recently posted its results for the fourth quarter, which were fantastic. The company saw great demand for its organic products in the market, which can be seen by increasing sales in each quarter with its leading brands such as Ella's Kitchen, Garden of Eatin, Imagine, The Greek Gods, Sensible Portions, Terra, Westbrae, Spectrum, and Alba Botanica in North America, and Gale's, Natumi, Frank Cooper's across various sales channels. Looking at its growth momentum, management of the company is expecting a better fiscal 2015, and it has also posted an upbeat guidance.
Hain Celestial ended fiscal 2014 with good financials. In the recently reported quarter, Hain’s sales rose by a record 26%, leading to a solid increase in the EBITDA by 27% to $300 million. On the back of good sales for its organic and natural products, Hain also saw a good 12.7% increase in the operating income. On the earnings front as well, Hain was impressive with $0.90 per share, which was more than $0.65 per share a year earlier. Continue Reading »