Breaking News

Helen of Troy Limited Posts Record Earnings

October 10, 2002

Helen of Troy Ltd., a marketer of brand-name personal care products, today reported record earnings for the second quarter and six months ended Aug. 31, 2002. Second quarter sales were $111,058,000, versus sales of $112,688,000 for the same period of the prior year. Second quarter net income increased 22% to $8,876,000, compared with $7,303,000 a year earlier.

First half sales climbed 5% to a record $213,541,000 from sales of $204,071,000 for last year's first half. Net income for the first half of this year was $15,467,000 versus $11,895,000, in the comparable period last year, representing a 30% increase in net earnings.

Gerald J. Rubin, chairman, chief executive officer and president, said "Sales have increased in 31 of the past 34 quarters, with net income increasing in 30 of these 34 quarters, demonstrating a consistent financial performance over the past eight and a half years."

Mr. Rubin noted that the company is very pleased and excited to have entered into a definitive agreement to acquire directly and through license agreements six well known consumer brand names from The Procter and Gamble Company. The brands include Condition 3-in-1, a line of hairstyling products; Final Net, a hairspray; Vitalis, a line of men's hair grooming products; Ammens, a body powder; Sea Breeze brand of astringent and Vitapointe, another hair grooming product. The transaction is scheduled to close within ninety days.

"We look forward to adding these six strong consumer brands to our already impressive list of consumer products," Mr. Rubin concluded.
  • Patent Activity: Colgate-Palmolive

    Patent Activity: Colgate-Palmolive

    December 6, 2016
    New oral care compositions, the use of radish root ferment filtrate in a cleanser and more.

  • Sparkle & Shine

    Sparkle & Shine

    Melissa Meisel, Associate Editor||November 21, 2016
    Glam packaging and upscale scent combos are big at Yankee Candle for Holiday 2016.

  • Cos Bar: Turning 40 and Hitting Fast Forward

    Cos Bar: Turning 40 and Hitting Fast Forward

    Christine Esposito, Associate Editor||November 21, 2016
    With a recent investor infusion, a new CEO and rebranding effort underway, this luxury beauty retailer has big plans.

  • Slow & Steady

    Slow & Steady

    Tom Branna, Editorial Director||December 1, 2016
    In a tumultuous environment, steady gains posted in the industrial and institutional cleaning sector are welcomed.

  • The World Comes to Orlando

    The World Comes to Orlando

    Tom Branna, Editorial Director||December 1, 2016
    More than 1,600 chemists traveled to Florida for the IFSCC Congress

  • The Plex  Phenomenon

    The Plex Phenomenon

    Denise Costrini, Croda North America||December 1, 2016
    Croda details the hair-protecting qualities of bond multipliers and the company’s new bond-building formulation system.