NBTY Reports Fourth Quarter and Year-End Results
Published: Wednesday, December 15, 2004
NBTY, Inc., a leading manufacturer and marketer of nutritional supplements, announced results for the fiscal fourth quarter and fiscal year ended September 30, 2004.
For the fiscal fourth quarter ended September 30, 2004, net sales increased 17% to $427 million, compared to net sales of $365 million for the fiscal fourth quarter ended September 30, 2003. Net income for the fiscal fourth quarter of 2004 was $21 million, or $0.30 per diluted share, compared to net income of $16 million, or $0.23 per diluted share for the fiscal fourth quarter of 2003.
Results for the fiscal fourth quarter of 2003 included certain net non- recurring charges and foreign tax credits which resulted in a net decrease of $0.02 per diluted share.
For fiscal 2004, net sales increased 39% to $1.65 billion compared to $1.19 billion for fiscal 2003. Net income for fiscal 2004 was $112 million, or $1.62 per diluted share, compared with net income of $82 million, or $1.19 per diluted share, for fiscal 2003. Net income results for fiscal 2003 reflect the aforementioned items, which resulted in a net decrease of $0.02 per diluted share.
At September 30, 2004, the Company's total assets were $1.2 billion and its working capital was $360 million.
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