Nature's Sunshine moves to 4th-qtr profit
Nature's Sunshine Products Inc. said Monday that it moved to a profit in the fourth quarter on lower costs and slightly higher sales.
In the three months that ended Dec. 31, the vitamin maker earned $4 million, or 26 cents per share, compared with a loss of $528,000, or 3 cents per share, in the same period a year earlier.
Revenue in the quarter rose 2 percent to $89.9 million from $88.2 million.
The company also said CEO Doug Faggioli will retire on June 30. He will be replaced by Michael Dean, a board member and former executive of ABC Cable Networks and the Walt Disney Co.
For the entire fiscal year, Nature's Sunshine earned $6.1 million, or 39 cents per share, compared with a loss of $1.8 million, or 12 cents per share, in 2008. Revenue fell 8 percent to $343 million from $373.2 million.
Shares rose 4 cents to $8.55 in afternoon trading.