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Household brands maker Alberto-Culver's Q2 earnings soar 10%
02 Aug '05
6 min read
GAAP did not allow the Company to record the entire non-cash charge related to the share conversion immediately when it took place during the fiscal 2004 first quarter. For the first nine months of fiscal 2005, the Company recognized pre-tax non-cash charges of $11.1 million ($7.2 million after tax).
The Company has also previously recognized pre-tax non-cash charges of $85.6 million ($55.6 million after tax) for fiscal 2004, including $79.0 million ($51.4 million after tax) in the first nine months of fiscal 2004, and expects to recognize additional pre-tax non-cash charges of $3.7 million ($2.4 million after tax) in the fourth quarter of fiscal 2005 and $3.4 million ($2.2 million after tax) over the next two fiscal years in diminishing amounts.
Due to the non-cash charge taken in conjunction with the November, 2003 conversion to a single class of stock, the prior year gain from the sale of Indola and the disclosure of organic sales growth rates, this press release contains certain non-GAAP financial measures as defined by Regulation G of the Securities and Exchange Commission.
Melrose Park based Alberto-Culver Company manufactures, distributes and markets leading personal care products including Alberto VO5, St. Ives, TRESemme and Nexxus in the United States and internationally. Its Pro-Line International unit is the second largest producer in the world of products for the ethnic hair care market.
Sally Beauty Company is the world's number one marketer of professional beauty care products through its chain of domestic and international Sally stores. Beauty Systems Group is a network of stores and professional sales consultants selling exclusive professional beauty care brands such as Matrix, Redken, Paul Mitchell, Wella, L'Oreal, Graham Webb and Sebastian to salon owners, salon professionals and franchisees.
The Company has also previously recognized pre-tax non-cash charges of $85.6 million ($55.6 million after tax) for fiscal 2004, including $79.0 million ($51.4 million after tax) in the first nine months of fiscal 2004, and expects to recognize additional pre-tax non-cash charges of $3.7 million ($2.4 million after tax) in the fourth quarter of fiscal 2005 and $3.4 million ($2.2 million after tax) over the next two fiscal years in diminishing amounts.
Due to the non-cash charge taken in conjunction with the November, 2003 conversion to a single class of stock, the prior year gain from the sale of Indola and the disclosure of organic sales growth rates, this press release contains certain non-GAAP financial measures as defined by Regulation G of the Securities and Exchange Commission.
Melrose Park based Alberto-Culver Company manufactures, distributes and markets leading personal care products including Alberto VO5, St. Ives, TRESemme and Nexxus in the United States and internationally. Its Pro-Line International unit is the second largest producer in the world of products for the ethnic hair care market.
Sally Beauty Company is the world's number one marketer of professional beauty care products through its chain of domestic and international Sally stores. Beauty Systems Group is a network of stores and professional sales consultants selling exclusive professional beauty care brands such as Matrix, Redken, Paul Mitchell, Wella, L'Oreal, Graham Webb and Sebastian to salon owners, salon professionals and franchisees.
The Alberto-Culver Company
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