Blog: Hain Celestial CEO characteristically jovial
Katy Askew | 20 August 2014
Hain Celestial founder, president and CEO Irwin Simon is not one to maintain a stony face when discussing his company's performance. This morning's (20 August) conference call was no exception.
"Wow! What a performance this company has made," the chief executive enthused as he discussed Hain's 2014 results and 2015 outlook with analysts.
And Simon has good reason to be upbeat, with Hain posting a bumper set of sales and strong profit growth in a year that the company also completed a number of strategic acquisitions.
Indeed, acquisitions and growing distribution have been key levers for Hain's success over recent years. As Simon reflected: "We've successfully completed ten acquisitions over the last four years. I've integrated each of them and then carefully have invested behind the growth, the consumer awareness and increased consumption."
And despite this shopping spree, Hain has maintained a "strong" balance sheet and retains the financial flexibility to pursue future "strategic opportunities" as they present themselves, the chief executive continued.
The company is also feeling the wind in its sails from growing demand for health and wellness products across its markets.
"We continue to be better positioned than ever before with the right people, brands, global infrastructure to drive sales and earnings growth for at least the next several years. As I said before, and we all know it to be true, healthy eating is not a trend or fad but increasingly to be a major part of our lives."
With all this in its favour, no wonder Simon is optimistic as he looks to the future.
Companies: Hain Celestial
just-food is closed on Monday (29 August) for a public holiday but, while we down tools, catch up on some must-read insight and interviews....
General Mills is reportedly preparing long-time executive Jeff Harmening to succeed Ken Powell as CEO....
After starting the week with a surprise stock exchange announcement that hit its shares and called into questions its accounting practices, Hain Celestial could be set to receive a boost in the UK....
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