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

16 May '05

4 min read

- pursue strategic acquisitions in personal care and housewares categories
- leverage investment in capacity and infrastructure through available synergies

"as previously announced, helen of troy is building a 1,200,000 square foot distribution center in southaven, mississippi, which will expand its eastern united states distribution capacity to accommodate the distribution needs of the company's recently acquired oxo international business.

the state of the art warehouse and distribution center will increase the company's presence in southaven, mississippi to 1,200,000 square feet from 619,000. this new distribution center will replace our existing facility and will also provide for projected increased sales and for anticipated strategic acquisitions.

"sales for the full fiscal year 2006 are expected to be in the range of $615 million to $640 million, an increase of 6 to 10 percent. full fiscal year diluted earnings per share are expected to be in the range of $2.50 to $2.60, an increase of 6 to 11 percent over prior year diluted earnings per share of $2.35," rubin concluded.

the company will conduct a teleconference in conjunction with today's earnings release. the teleconference begins at 11 a.m. et today, thursday, may 12, 2005. members of the news media, investors and the general public are invited to access a live broadcast of the conference call via the investor relations page of the company's website at http://www.hotus.cootus.com. the event will be archived and available for replay through june 30, 2005.

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