Record Quarterly Sales and EPS
Net sales reached $290 million, increasing nearly 3% year-over-year, and earnings per share (EPS) increased by 15% to a record $1.22.
Strong International Growth
International segment sales grew approximately 8% excluding FX, driven by the Hydralyte brand.
Debt Reduction and Leverage Ratio Improvement
Reduced variable term loan debt balance to zero and improved leverage ratio to 2.5x.
Free Cash Flow Increase
Generated $184.9 million in free cash flow for the first nine months, up 5% year-over-year.
Strong Performance of GI Category
GI business represents nearly one-fifth of North American sales with solid mid-single-digit growth over the last three years.