Helen of Troy's net profit soars 59% for Q4 - fiscal year 2004

16 May '05

4 min read

a leading designer, developer & worldwide marketer of brand-name personal care and household consumer products company helen of troy limited reported record sales and earnings for the fourth quarter and fiscal year ended february 28, 2005.

fourth quarter sales increased 13 percent to $127,617,000 from $112,911,000 in the same period of the prior year. net earnings for the fourth quarter was $11,984,000 or $0.37 per diluted share versus $7,518,000 or $0.23 per diluted share for the year earlier quarter, an increase in net earnings of 59 percent. net earnings from continuing operation for the fourth quarter was $11,984,000 or $0.37 per diluted share versus $16,298,000 or $0.50 per diluted share for the year earlier quarter, a decrease in net earnings of 26 percent.

full year net sales increased 22 percent to $581,549,000 from $474,868,000 in the prior year.

full year net earnings from continuing operations was $76,672,000 or $2.36 per diluted share compared with $71,562,000 or $2.29 per diluted share for the prior year, a net increase from continuing operations of 7 percent. full year net loss from discontinued operations, was $222,000 or ($0.01) per diluted share, versus a net loss from discontinued operations, including goodwill impairment, of $11,040,000 or ($0.35) per diluted share a year ago.

net earnings for the year was $76,450,000 or $2.35 per diluted share compared with $60,522,000 or $1.94 per diluted share in the prior year, an increase in net earnings for the year of 26 percent. current and prior year period operating results reflect the discontinued operations related to the sale of tactica international, inc. effective april 29, 2004.

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