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June 01, 2010

Financial News

Financial News, June 2010


USANA Health Sciences

USANA Health Sciences Inc. (USNA—NASDAQ) announced that net sales in the first quarter of 2010 improved 22.4 percent to a record $119.1 million, compared with $97.3 million in the first quarter of the prior year. Net earnings in the first quarter of 2010 were $9.6 million, or 62 cents per share, compared with $6.6 million, or 43 cents per share, in the first quarter of the prior year.

During the first quarter of 2010, net sales in the North America region increased by 8.3 percent, or $4.6 million, to $60.5 million, compared with the first quarter of the prior year. Net sales in the Asia-Pacific region for the first quarter of 2010 increased by 41.5 percent, or $17.2 million, to $58.6 million, compared with the first quarter of the prior year.

USANA develops and manufactures high-quality nutritional, personal-care and weight-management products that are sold directly to preferred customers and associates worldwide.

Pre-Paid Legal Services Inc.

Pre-Paid Legal Services Inc. (PPD—NYSE) announced results for the first quarter ended March 31, 2010. Net income for the first quarter of 2010 increased 10 percent to $18.8 million from $17.1 million for the prior year’s first quarter. Diluted earnings per share increased 23 percent to $1.87 per share from $1.52 per share for the prior year’s comparable quarter due to a 10 percent increase in net income and a 10 percent decrease in the weighted average outstanding shares. Membership fees in the first quarter of 2010 increased slightly to $107.3 million from $106.9 million for the same period last year.

Pre-Paid Legal Services Inc. offers legal service benefits plans provided through a network of more than 50 independent law firms across the United States and Canada.

Immunotec Inc.

Immunotec Inc. (IMM—TSX VENTURE) reported that sales for the first quarter of 2010 were $8.9 million, compared to $9.2 million for the same quarter of 2009, a 4 percent decline. Earnings from continuing operation profit of $343,000 compared with a loss of $201,000 in the prior-year quarter.

Immunotec is engaged primarily in the development and marketing of dietary supplements, food, vitamins, and personal-care and natural health products. Immunotec’s products are distributed and sold in Canada and the United States through a network marketing system and in other countries under distributorship agreements.


Fourth-Quarter and Year-End 2009

Blyth Inc.

Blyth Inc. (BTH—NYSE) reported that net sales for the fourth quarter ended Jan. 31, 2010, increased approximately 3 percent to $322.4 million, compared to $313.4 million for the prior-year period. Diluted earnings per share for the fourth quarter were $3.57 compared to $1.49 a year earlier.

In the direct selling segment, fourth-quarter net sales increased 8 percent to $232.2 million versus $215.2 million for the same period last year. PartyLite’s U.S. active independent sales consultants now total more than 22,000 in the United States versus more than 21,000 in last year’s fourth quarter. In PartyLite Canada, active independent sales consultants totaled more than 5,000 this year and last year. PartyLite Europe’s active independent sales consultants exceeded 34,000 in this year’s fourth quarter, versus 32,000 in the same quarter last year. Fourth-quarter operating income in the direct selling segment was $39.2 million compared to $37.3 million in the same period last year.

Net sales for the fiscal year ending Jan. 31, 2010, were $958.1 million versus $1,050.8 million last year.

Blyth Inc., based in Greenwich, Conn., is a Home Expressions company that markets an extensive array of home-fragrance products, decorative accessories, seasonal decorations and household convenience items. The company sells its products through multiple channels of distribution, including the home party plan method of direct selling, as well as through the catalog, Internet and wholesale channels.

YTB International

YTB International Inc. (YTBLA.OB—OTC Bulletin Board) announced that total revenue for the year ended Dec. 31, 2009, decreased 58 percent to $67.3 million, compared to $159.5 million for fiscal 2008. Net loss for the year ended Dec. 31, 2009, was $9.9 million, or 9 cents per diluted share, compared to a net loss of $4.5 million, or 4 cents per diluted share, for 2008.

YTB International Inc. provides Internet-based travel-booking services for home-based independent representatives in the United States, Puerto Rico, the Bahamas, Canada, Bermuda and the U.S. Virgin Islands. The company operates through three subsidiaries: ZamZuu Inc. (formerly YTB Marketing, Inc.), YTB Travel Network Inc. and YTB Franchise Services Inc.

Nature’s Sunshine Products

Nature’s Sunshine Products Inc. (NATR—NASDAQ) reported that for the quarter ended Dec. 31, 2009, revenue totaled $89.9 million, compared to $88.2 million for the same three-month period in 2008, an increase of 1.9 percent.

Net sales revenue for the year ended Dec. 31, 2009, totaled $343.0 million, as compared to $373.2 million for the same period in 2008, a decline of approximately 8.1 percent. Net income for the year increased to $6.1 million, or 39 cents per basic and diluted share, from a net loss of $1.8 million, 12 cents per basic and diluted share, for the prior year.

At year’s end, active distributors totaled approximately 697,200, compared to 729,600 a year earlier, and active managers totaled approximately 28,800, compared to 25,900 at the end of 2008.

Nature’s Sunshine Products manufactures and markets encapsulated and tableted herbal products, high-quality natural vitamins and other complementary products through direct sales. The company has operations worldwide and exclusive distribution agreements with selected companies in Argentina, Australia, Chile, New Zealand and Norway.
The Amacore Group

The Amacore Group Inc. (ACGI—OTC BB) reported that total revenue for the fourth quarter of 2009 was $6.9 million, compared to $8.2 million for the same quarter of 2008. Total revenue for year-end 2009 was $28.8 million, compared with $29.5 million in 2008.

The Amacore Group Inc. is primarily a provider and marketer of healthcare-related products, including healthcare benefits, vision and dental networks, and administrative services such as billing, fulfillment, patient advocacy, claims administration and servicing. Zurvita, its multilevel marketing subsidiary, is a provider of products and benefits in health care and other niche markets.

Tiens Biotech Group (USA)

Tiens Biotech Group (USA) Inc. (TBV—NYSE Amex) announced that for the year ended Dec. 31, 2009, revenue was $62.0 million, compared to $77.2 million for 2008. Net income for 2009 was $24.8 million, or 33 cents per share, compared to $30.0 million, or 39 cents per share for 2008. For 2009, international revenue was $34.7 million compared to $43.5 million for 2008.

Tiens Biotech Group (USA) Inc. conducts its business operations from Tianjin, People’s Republic of China. Tiens primarily engages in the research, development, manufacturing and marketing of nutrition-supplement products, including wellness products and dietary supplements. Tiens derives its revenue principally from product sales to affiliated companies in China and in 52 countries.


Dividend Report

Blyth Inc.

Blyth Inc. (BTH—NYSE) announced that it has declared a semiannual cash dividend of 10 cents per share on the company’s common stock for the six months ended Jan. 31, 2010.   The dividend, authorized at the April 13, 2010, board of directors meeting, will be payable to shareholders of record as of May 3, 2010, and will be paid on May 17, 2010.

Blyth Inc., based in Greenwich, Conn., is a Home Expressions company that markets an extensive array of home-fragrance products, decorative accessories, seasonal decorations and household convenience items. The company sells its products through multiple channels of distribution, including the home party plan method of direct selling, as well as through the catalog, Internet and wholesale channels.