05.15.08
Prestige Brands Holdings, Inc. announced results for the fourth quarter and fiscal year ended March 31, 2008. The company reported revenues of $80.4 million for the quarter ended March 31, 2008—a 3% increase over the comparable quarter of the prior fiscal year. According to Prestige, the quarter’s revenue increase was driven by sales increases in the company’s household products segments.
Operating income of $24.8 million for the fourth fiscal quarter was 10% above the prior year. Net income was $10.4 million, a 24% increase.
The household cleaning products segment reported net revenues of $29.7 million—2% greater than the comparable period’s results. The segment’s newest product, Comet SprayGel Mildew Stain Remover, contributed to this growth. Revenues for the personal care products segment were $4.5 million—or $1.3 million less than the prior year comparable quarter.
The company reported total revenues of $326.6 million for the fiscal year ended March 31, 2008—3% greater than fiscal 2007. Operating income of $91.4 million was 4% less than the prior year, while reported net income was $33.9 million—6% below fiscal 2007.
Operating income of $24.8 million for the fourth fiscal quarter was 10% above the prior year. Net income was $10.4 million, a 24% increase.
The household cleaning products segment reported net revenues of $29.7 million—2% greater than the comparable period’s results. The segment’s newest product, Comet SprayGel Mildew Stain Remover, contributed to this growth. Revenues for the personal care products segment were $4.5 million—or $1.3 million less than the prior year comparable quarter.
The company reported total revenues of $326.6 million for the fiscal year ended March 31, 2008—3% greater than fiscal 2007. Operating income of $91.4 million was 4% less than the prior year, while reported net income was $33.9 million—6% below fiscal 2007.