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Nutraceutical International Corp. Reports Operating Results (10-K)

December 19, 2011 | About:
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Nutraceutical International Corp. (NUTR) filed Annual Report for the period ended 2011-09-30.

Nutraceutical International Corp. has a market cap of $114.59 million; its shares were traded at around $11.12 with a P/E ratio of 7.22 and P/S ratio of 0.64. Nutraceutical International Corp. had an annual average earning growth of 5.2% over the past 10 years. GuruFocus rated Nutraceutical International Corp. the business predictability rank of 4.5-star.

Highlight of Business Operations:Net Sales. Net sales increased by $8.0 million, or 4.5%, to $188.1 million for fiscal 2011 from $180.1 million for fiscal 2010. Net sales of branded nutritional supplements and other natural products increased by $9.2 million, or 5.6%, to $173.8 million for fiscal 2011 compared to $164.6 million for fiscal 2010. The increase in net sales of branded nutritional supplements and other natural products was primarily related to the net sales contributions of the fiscal 2011 and fiscal 2010 acquisitions. The impact on net sales of branded products attributable to price changes was not material. Other net sales decreased by $1.2 million, or 7.7%, to $14.3 million for fiscal 2011 compared to $15.5 million for fiscal

Selling, General and Administrative. Selling, general and administrative expenses increased by $2.5 million, or 3.9%, to $68.2 million for fiscal 2011 from $65.7 million for fiscal 2010. This increase in selling, general and administrative expenses was primarily attributable to operational and transition costs related to the fiscal 2011 acquisitions. As a percentage of net sales, selling, general and administrative expenses were 36.3% for fiscal 2011 compared to 36.5% for fiscal 2010.

Net Sales. Net sales increased by $17.8 million, or 10.9%, to $180.1 million for fiscal 2010 from $162.3 million for fiscal 2009. Net sales of branded nutritional supplements and other natural products increased by $18.3 million, or 12.5%, to $164.6 million for fiscal 2010 compared to $146.3 million for fiscal 2009. The increase in net sales of branded nutritional supplements and other natural products was primarily related to the net sales contributions of the four fiscal 2010 acquisitions and the fiscal 2009 acquisition. The impact on net sales of branded products attributable to price changes was not material. Other net sales decreased by $0.5 million, or 3.5%, to $15.5 million for fiscal 2010 compared to $16.0 million for fiscal 2009.

Selling, General and Administrative. Selling, general and administrative expenses increased by $3.5 million, or 5.6%, to $65.7 million for fiscal 2010 from $62.2 million for fiscal 2009. This increase in selling, general and administrative expenses was primarily attributable to operational and transition costs related to the fiscal 2009 and the fiscal 2010 acquisitions. As a percentage of net sales, selling, general and administrative expenses decreased to 36.5% for fiscal 2010 compared to 38.3% for fiscal 2009. This decrease in selling, general and administrative expenses as a percentage of net sales was primarily attributable to the increase in net sales, which allowed us to better leverage our cost structure.

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