Hain Celestial agrees to sell international business for $323 million
Hain Celestial agreed to sell its International business to AURELIUS for an estimated $323 million. The company said proceeds would go toward repaying debt and cutting leverage as it continues a strategic overhaul.
The Hain Celestial Group Inc. (NASDAQ: HAIN ) reported weaker-than-expected fiscal fourth-quarter 2026 sales and adjusted earnings on Monday. However, margins and cash generation improved as the company continued to overhaul its portfolio and strengthen its North American business. 94 million estimate.
Hain posted an adjusted loss of 5 cents per share, missing the 3-cent loss estimate. That compared with a 2-cent loss a year earlier. 06. 8%, driven by a 2-percentage-point decline in volume and mix.
Pricing was flat. 5%. 7%. 7 million.
2%. 1 million. Growth in meal preparation products, led by yogurt, helped offset weaker baby and kids sales. International organic sales fell 4%.
3 million. Cost inflation and weaker volume and mix weighed on results. 1 million. 2 million outflow.
8 million in net debt. The company agreed to sell its International business to AURELIUS for an estimated $323 million. Hain expects net proceeds of $305 million to $310 million. It plans to repay its entire term loan and more than 35% of its revolving credit facility.
That would reduce pro forma debt to about $250 million. The deal is expected to close in the second quarter of fiscal 2027. Closing depends partly on extending Hain's December credit maturity. Hain also targets about $16 million in annual run-rate cost savings, with most expected by the end of fiscal 2027.
Implementation costs are expected to total about $20 million. Refinancing Clouds 2027 Outlook Management said its strategic review makes traditional fiscal 2027 guidance difficult. The company also canceled the earnings call's Q&A amid lender discussions and the pending International sale. Hain reported $186 million of revolver liquidity.
1%. 9 million tariff refund. Greek Gods dollar sales grew by a high-teens percentage. Meanwhile, changes to the Earth's Best puree portfolio drove a 30% increase in base velocity.
64 at the time of publication Monday, according to Pro data. Photo via Shutterstock Read Also: Shopify Stock Lags the Market, But Top Analyst Sees a Buying Opportunity