BOHEMIA, N.Y., Jan. 28 /PRNewswire-FirstCall/ -- NBTY, Inc. (NYSE: NTY) (http://www.NBTY.com), a leading global manufacturer and marketer of nutritional supplements, today announced results for the fiscal first quarter ended December 31, 2007.
For the fiscal first quarter ended December 31, 2007, net sales were $511 million compared to $506 million for the fiscal first quarter ended December 31, 2006, an increase of $5 million or 1%.
Net income for the fiscal first quarter ended December 31, 2007 was $46 million, or $0.67 per diluted share, compared to $51 million, or $0.73 per diluted share, for the fiscal first quarter ended December 31, 2006. This reflects the decrease in earnings in the Direct Response/E-Commerce division.
Adjusted EBITDA for the fiscal first quarter of 2008 was $87 million. At December 31, 2007, NBTY had total assets of $1.6 billion and working capital of $603 million, of which $236 million consisted of cash and short-term investments. The Company is committed to using its cash and leverage to increase shareholder value through opportunistic acquisitions and stock repurchases.
In October 2007, NBTY purchased in open market transactions 296 thousand shares of its common stock for approximately $11 million dollars. These shares were purchased under an existing publicly announced authorization. NBTY anticipates continuing such purchases on an opportunistic basis. Based on market conditions, these repurchases may be greater than historical repurchases.
OPERATIONS FOR THE FISCAL FIRST QUARTER ENDED DECEMBER 31, 2007
Net sales for the Wholesale/US Nutrition division, which markets
Nature's Bounty, Solgar, Osteo Bi-Flex, Rexall, Ester-C
|SOURCE NBTY, Inc.|
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