Nature’s Sunshine Q3 2011 Revenue 5.8% up To $91.1 million

PROVO, Utah, Nov. 7, 2011 (GLOBE NEWSWIRE) — Nature's Sunshine Products, Inc. (Nasdaq:NATR – News), a leading natural health and wellness company, today reported consolidated financial results for the third quarter ended September 30, 2011.

For the Third Quarter of 2011:

• Net sales were $91.1 million, compared with $86.1 million in the same quarter a year ago, an increase of 5.8 percent.
• Earnings for the quarter included non-recurring contract termination costs of $14.7 million related to the NutriPlus arbitration settlement described in further detail below. Excluding the contract termination costs, pro forma operating income and net income from continuing operations increased by 148.8 percent and 153.9 percent, respectively, compared with the third quarter of 2010.
• Operating losses from continuing operations were $5.1 million, compared with operating income of $3.9 million in the same quarter a year ago, a decrease of 231.7 percent. Excluding the contract termination costs, pro forma operating income from continuing operations was $9.6 million, compared with $3.9 million in the same quarter a year ago, an increase of 148.8 percent.
• EBITDA, defined here as net income before taxes, depreciation and amortization, other income adjusted to exclude share-based compensation expense and contract termination costs, was $11.5 million, compared with $5.1 million in the same quarter a year ago, an increase of 126.7 percent.
• Net loss from continuing operations was $2.3 million, compared with net income from continuing operations of $2.7 million in the same quarter a year ago, a decrease of 184.2 percent. Excluding contract termination costs, pro forma net income from continuing operations was $6.8 million, compared with $2.7 million in the same quarter a year ago, an increase of 153.9 percent.
• Basic and diluted net loss per share from continuing operations was $0.14 compared with net income per share of $0.17, for the same quarter a year ago.
• As of September 30, 2011, shareholders' equity was $80.4 million, compared to $68.4 million on December 31, 2010, an increase of 17.6 percent.
• As of September 30, 2011, active Managers worldwide were 28,100, a decrease of 5.1 percent from the end of the prior quarter, while active distributors and customers worldwide increased 1.1 percent from the end of the prior quarter to 682,300.