Hain Celestial Files 10-Q for Q2 2025

TL;DR

HAIN 10-Q filed for Q2 2025. Check for asset impairment details.

AI Summary

Hain Celestial Group Inc. filed its 10-Q for the period ending December 31, 2024. The filing covers the second quarter of their fiscal year. Key financial details and operational updates are provided, including information on their credit agreement and asset impairments.

Why It Matters

This filing provides investors with an update on Hain Celestial's financial performance and operational status for the second quarter of fiscal year 2025, impacting investment decisions.

Risk Assessment

Risk Level: medium — The filing mentions 'IntangiblesAndLongLivedAssetImpairment', which can indicate potential financial distress or restructuring.

Key Numbers

• 0630 — Fiscal Year End (Indicates the end of the company's annual accounting period.)
• 20241231 — Period of Report (The end date for the financial information presented in this 10-Q.)
• 20250210 — Filed as of Date (The date the filing was submitted to the SEC.)

Key Players & Entities

• HAIN CELESTIAL GROUP INC (company) — Filer
• 20241231 (date) — Period of Report
• 20250210 (date) — Filed as of Date
• 0000910406 (company) — Central Index Key
• 223240619 (dollar_amount) — IRS Number
• DE (company) — State of Incorporation
• 0630 (date) — Fiscal Year End
• 000-22818 (company) — SEC File Number
• 25605743 (dollar_amount) — Film Number
• 221 RIVER STREET, 12TH FLOOR (company) — Business Address Street 1

FAQ

Filing Documents

• hain-20241231.htm (10-Q) — 3712KB
• hain-ex3_2.htm (EX-3.2) — 272KB
• hain-ex3_3.htm (EX-3.3) — 276KB
• hain-ex10_2.htm (EX-10.2) — 155KB
• hain-ex10_3.htm (EX-10.3) — 207KB
• hain-ex10_4.htm (EX-10.4) — 166KB
• hain-ex10_5.htm (EX-10.5) — 167KB
• hain-ex10_6.htm (EX-10.6) — 68KB
• hain-ex31_1.htm (EX-31.1) — 17KB
• hain-ex31_2.htm (EX-31.2) — 17KB
• hain-ex32_1.htm (EX-32.1) — 10KB
• hain-ex32_2.htm (EX-32.2) — 10KB
• img106543694_0.jpg (GRAPHIC) — 326KB
• 0000950170-25-017025.txt ( ) — 16439KB
• hain-20241231.xsd (EX-101.SCH) — 1536KB
• hain-20241231_htm.xml (XML) — 3115KB

- Financial Information

Part I - Financial Information Page Item 1.

Financial Statements

Financial Statements 3 Consolidated Balance Sheets - December 31, 2024 and June 30, 2024 3 Consolidated Statements of Operations - Three and six months ended December 31, 2024 and 2023 4 Consolidated Statements of Comprehensive (Loss) Income - Three and six months ended December 31, 2024 and 2023 5 Consolidated Statement of Stockholders' Equity - Three and six months ended December 31, 2024 and 2023 6 Consolidated Statements of Cash Flows - Six months ended December 31, 2024 and 2023 8

Notes to Consolidated Financial Statements

Notes to Consolidated Financial Statements 9 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 31 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 46 Item 4.

Controls and Procedures

Controls and Procedures 46

- Other Information

Part II - Other Information Items 3 and 4 are not applicable Item 1.

Legal Proceedings

Legal Proceedings 47 Item 1A.

Risk Factors

Risk Factors 47 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 47 Item 5. Other Information 47 Item 6. Exhibits 48

Signatures

Signatures 50 1 Table of Contents

Forward-Looking Statements

Forward-Looking Statements This Quarterly Report on Form 10-Q for the quarter ended December 31, 2024 (the "Form 10-Q") 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 and business strategy, including statements related to Hain Reimagined and our personal care business; 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 orga

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS THE HAIN CELESTIAL GROUP, INC. AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (UNAUDITED) December 31, 2024 AND JUNE 30, 2024 (In thousands, except par values) December 31, June 30, 2024 2024 ASSETS Current assets: Cash and cash equivalents $ 56,200 $ 54,307 Accounts receivable, less allowance for doubtful accounts of $ 1,430 and $ 1,517 , respectively 178,312 179,190 Inventories 260,525 274,128 Prepaid expenses and other current assets 53,450 49,434 Total current assets 548,487 557,059 Property, plant and equipment, net 250,735 261,730 Goodwill 825,624 929,304 Trademarks and other intangible assets, net 223,652 244,799 Investments and joint ventures 6,922 10,228 Operating lease right-of-use assets, net 80,726 86,634 Other assets 24,397 27,794 Total assets $ 1,960,543 $ 2,117,548 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 198,541 $ 188,220 Accrued expenses and other current liabilities 83,168 85,714 Current portion of long-term debt 7,564 7,569 Total current liabilities 289,273 281,503 Long-term debt, less current portion 721,076 736,523 Deferred income taxes 45,571 47,826 Operating lease liabilities, noncurrent portion 74,817 80,863 Other noncurrent liabilities 25,073 27,920 Total liabilities 1,155,810 1,174,635 Commitments and contingencies (Note 16) Stockholders' equity: Preferred stock - $ .01 par value, authorized 5,000 shares; issued and outstanding: none — — Common stock - $ .01 par value, authorized 150,000 shares; issued: 112,393 and 111,867 shares, respectively; outstanding: 90,221 and 89,846 shares, respectively 1,124 1,119 Additional paid-in capital 1,236,702 1,230,253 Retained earnings 453,881 577,519 Accumulated other comprehensive loss ( 156,983 ) ( 137,245 ) 1,534,724 1,671,646 Less: Trea

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) (Amounts in thousands, except par values and per share data) 1. BUSINESS 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, N.J., 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 operates under two reportable segments: North America and International. 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. 2. BASIS OF PRESENTATION The Company's unaudited consolidated financial statements include the accounts of the Company and its wholly-owned and majority-owned subsidiaries. Intercompany accounts and transactions have been eliminated in consolidation. Investments in affiliated companies in which the Company exerts significant influence, but which it does not control, are accounted for under the equity method of accounting. As such, consolidated net loss includes the Company's equity in the current earnings or losses of such companies. The Company's unaudited consolidated financial statements have been prepared in accordance with accounting principl

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