Hain Celestial Files 2024 10-K
Ticker: HAIN · Form: 10-K · Filed: Aug 27, 2024 · CIK: 910406
Sentiment: neutral
Topics: 10-K, annual-report, financials
TL;DR
Hain Celestial dropped its 2024 10-K. Check financials.
AI Summary
The Hain Celestial Group, Inc. filed its 10-K for the fiscal year ending June 30, 2024, reporting on its financial performance and business operations. The company, headquartered in Hoboken, NJ, is a producer of food and kindred products. This filing provides a comprehensive overview of its financial condition, results of operations, and risk factors.
Why It Matters
This filing provides investors and stakeholders with a detailed look at Hain Celestial's financial health and strategic direction for the past fiscal year, influencing investment decisions.
Risk Assessment
Risk Level: medium — The 10-K filing inherently contains detailed financial information and risk disclosures that can significantly impact a company's stock price.
Key Numbers
- 0630 — Fiscal Year End (Indicates the end of the reporting period for the 10-K filing.)
- 223240619 — IRS Number (The company's Employer Identification Number.)
Key Players & Entities
- HAIN CELESTIAL GROUP INC (company) — Filer
- 20240630 (date) — Fiscal Year End
- Hoboken, NJ (location) — Business Address
- 0000910406 (company_id) — Central Index Key
FAQ
What is the primary business of The Hain Celestial Group, Inc.?
The Hain Celestial Group, Inc. is primarily involved in the 'FOOD & KINDRED PRODUCTS' industry, as indicated by its Standard Industrial Classification code.
Where is The Hain Celestial Group, Inc. headquartered?
The company's business and mail address are listed as 221 River Street, 12th Floor, Hoboken, NJ 07030.
What is the Central Index Key (CIK) for The Hain Celestial Group, Inc.?
The Central Index Key for The Hain Celestial Group, Inc. is 0000910406.
What is the SEC file number for this 10-K filing?
The SEC file number for this 10-K filing is 000-22818.
When was the company formerly known as KINERET ACQUISITION CORP?
The name change from KINERET ACQUISITION CORP to Hain Celestial Group Inc. occurred on 19931021.
Filing Stats: 4,367 words · 17 min read · ~15 pages · Grade level 14.6 · Accepted 2024-08-27 16:03:12
Key Financial Figures
- $0.01 — ch registered Common Stock, par value $0.01 per share HAIN The Nasdaq Stock Mar
- $115 million — n Reimagined Program are expected to be $115 million - $125 million inclusive of potential i
- $125 million — ogram are expected to be $115 million - $125 million inclusive of potential inventory write-
- $25 million — inventory write-downs of approximately $25 million related to brand/category exits. The ba
- $90 million — restructuring charges is expected to be $90 million - $100 million comprised of contract te
- $100 million — charges is expected to be $90 million - $100 million comprised of contract termination costs
- $130 million — lized pretax savings are expected to be $130 million - $150 million. For further information
- $150 million — vings are expected to be $130 million - $150 million. For further information, see Managemen
Filing Documents
- hain-20240630.htm (10-K) — 4054KB
- hain-ex19_1.htm (EX-19.1) — 100KB
- hain-ex21_1.htm (EX-21.1) — 60KB
- hain-ex23_1.htm (EX-23.1) — 13KB
- hain-ex31_1.htm (EX-31.1) — 13KB
- hain-ex31_2.htm (EX-31.2) — 13KB
- hain-ex32_1.htm (EX-32.1) — 9KB
- hain-ex32_2.htm (EX-32.2) — 9KB
- hain-ex97_1.htm (EX-97.1) — 47KB
- img106517746_0.jpg (GRAPHIC) — 82KB
- img106517746_1.jpg (GRAPHIC) — 51KB
- 0000950170-24-100992.txt ( ) — 19639KB
- hain-20240630.xsd (EX-101.SCH) — 2372KB
- hain-20240630_htm.xml (XML) — 4336KB
Business
Business 4 Item 1A.
Risk Factors
Risk Factors 12 Item 1B. Unresolved Staff Comments 21 Item 1C. Cybersecurity 22 Item 2.
Properties
Properties 24 Item 3.
Legal Proceedings
Legal Proceedings 24 Item 4. Mine Safety Disclosures 24 PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 25 Item 6. [Reserved] 26 Item 7.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 27 Item 7A.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 40 Item 8.
Financial Statements and Supplementary Data
Financial Statements and Supplementary Data 41 Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure 90 Item 9A.
Controls and Procedures
Controls and Procedures 90 Item 9B. Other Information 92 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 92 PART III Item 10. Directors, Executive Officers and Corporate Governance 93 Item 11.
Executive Compensation
Executive Compensation 93 Item 12.
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 93 Item 13. Certain Relationships and Related Transactions, and Director Independence 93 Item 14. Principal Accountant Fees and Services 93 PART IV Item 15. Exhibit and Financial Statement Schedules 94 Item 16. Form 10-K Summary 96 Exhibit Index 97
Signatures
Signatures 100 2 Table of Contents
Forward-Looking Statements
Forward-Looking Statements This Annual Report on Form 10-K for the fiscal year ended June 30, 2024 (the "Form 10-K") contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve risks, uncertainties and assumptions. If the risks or uncertainties ever materialize or the assumptions prove incorrect, the results of The Hain Celestial Group, Inc. (collectively with its subsidiaries, the "Company," "Hain Celestial," "we," "us" or "our") may differ materially from those expressed or implied by such forward-looking statements. The words "believe," "expect," "anticipate," "may," "should," "plan," "intend," "potential," "will" and similar expressions are intended to identify such forward-looking statements. Forward-looking statements include, among other things: our beliefs or expectations relating to our future performance, results of operations and financial condition; our strategic initiatives, including statements related to Hain Reimagined; our business strategy; our supply chain, including the availability and pricing of raw materials; our brand portfolio; pricing actions and product performance; inflation rates; and current or future macroeconomic trends. Risks and uncertainties that may cause actual results to differ materially from forward-looking statements include: challenges and uncertainty resulting from the impact of competition; our ability to manage our supply chain effectively; input cost inflation, including with respect to freight and other distribution costs; disruption of operations at our manufacturing facilities; reliance on independent contract manufacturers; changes to consumer preferences; customer concentration; our ability to execute our cost reduction initiatives and related strategic initiatives; reliance on independent distributors; risks associated with operating internationally; the availability of organic ingredients; risks associated
Bu siness
Item 1. Bu siness Overview The Hain Celestial Group, Inc., a Delaware corporation (collectively with its subsidiaries, the "Company," "Hain Celestial," "we," "us" or "our") was founded in 1993. Hain Celestial is a leading global health and wellness company whose purpose is to inspire healthier living for people, communities and the planet through better-for-you brands. For more than 30 years, Hain Celestial has intentionally focused on delivering nutrition and well-being that positively impacts today and tomorrow. Headquartered in Hoboken, NJ, Hain Celestial's products across snacks, baby & kids, beverages, meal preparation and personal care, are marketed and sold in over 70 countries around the world. The Company's leading brands include Garden Veggie Snacks, Terra chips, Garden of Eatin' snacks, Hartley's Jelly, Earth's Best and Ella's Kitchen baby and kids foods, Celestial Seasonings teas, Joya and Natumi plant-based beverages, Greek Gods yogurt, Cully & Sully , Yorkshire Provender , New Covent Garden and Imagine soups, Yves and Linda McCartney's (under license) meat-free, and Avalon Organics personal care, among others. Hain Reimagined Program During the first quarter of fiscal year 2024, we initiated a multi-year growth, transformation and restructuring program (the "Hain Reimagined Program") intended to drive shareholder returns. The savings initiatives impact our reportable segments and Corporate and Other. The program is intended to optimize our portfolio, improve underlying profitability and increase our flexibility to invest in targeted growth initiatives, brand building and other capabilities critical to delivering future growth. The Hain Reimagined Program is grounded on four strategic pillars: Focus, Grow, Build and Fuel. Implementation of the Hain Reimagined Program is expected to be completed by the end of the 2027 fiscal year. Cumulative pretax charges associated with the Hain Reimagined Program are expected to be $115 million - $125 mill