Herbalife Ltd. Announces Record 1Q2012 & Raises 2012 Earnings Guidance
April 30, 2012
Herbalife Ltd. Announces Record First Quarter 2012 and Raises 2012 Earnings Guidance
•First quarter worldwide volume point growth of 24 percent with increases in each of its six regions compared to the prior year period. •First quarter EPS of $0.88 increased 24 percent compared to the prior year period adjusted EPS1. •Raising FY'12 EPS guidance to a range of $3.58 to $3.74. •Board of directors approved a $0.30 per share quarterly dividend.
LOS ANGELES--(BUSINESS WIRE)-- Herbalife Ltd. (NYSE:HLF) today reported first quarter net sales of $964.2 million, a 21 percent increase driven by a 24 percent increase in volume points compared to the prior year period. For the same period, the company reported net income of $108.2 million, or $0.88 per diluted share, reflecting an increase of 22 percent and 24 percent respectively compared to the adjusted first quarter 2011 net income of $88.7 million and $0.71 per diluted share.
"Our business momentum has continued into 2012, with strong sales performance from each of our six regions," said Michael O. Johnson, the company's chairman and CEO. "The financial strength of our business model is once again reflected in our cash flow generation in the quarter."
For the quarter ended March 31, 2012, the company generated cash flow from operations of $120.4 million, an increase of 11 percent compared to the prior year period, paid dividends of $35.2 million, invested $24.9 million in capital expenditures and repurchased $50.0 million in common shares outstanding under our share repurchase program.