Elizabeth Arden's net sales rise to $189.9mn for Q4
18 Aug '06
3 min read
Elizabeth Arden Inc, a global prestige beauty products company, announced financial results for the fourth quarter and fiscal year ended June 30, 2006.
Fiscal 2006 results In line with prior guidance, net sales increased 3.7 percent to $954.6 million for the fiscal year ended June 30, 2006 from $920.5 million for the fiscal year ended June 30, 2005.
Excluding the unfavorable impact of foreign currency translation, net sales increased 4.4 percent.
Net income for the fiscal year ended June 30, 2006, was $34.2 million, or $1.15 per diluted share, excluding pre-tax charges of $0.8 million, or $0.02 per diluted share, associated with the early retirement of the remaining 11 3/4 percent.
Senior Notes and $1.2 million, or $0.03 per diluted share, associated with the previously announced organizational changes in the Company's European operations.
This compares to $39.1 million or $1.30 per diluted share for the fiscal year ended June 30, 2005.
The prior year results exclude the pre-tax impairment charge related to the sale of the Miami Lakes facility of $2.2 million, or $0.05 per diluted share.
On a reported basis, net income for fiscal 2006 was $32.8 million, or $1.10 per diluted share.
Cash flow from operations was in-line with the Company's expectations and increased over 80 percent to $65 million for fiscal 2006 from $35.5 million in fiscal 2005.
In fiscal 2006, the Company also repurchased 1,338,127 shares of its common stock atan aggregate cost of $25.3 million, prepaid $9.3 million of long-term debt and completed the acquisition of the brand portfolio from Riviera Concepts Inc, a prestige fragrance company.
marketing@alchempro.com
