Nu Skin Has Record Q4

Nu Skin Enterprises, Inc. today announced record fourth-quarter and annual results. Revenue for the quarter was $401.2 million, a 6% improvement over the prior year. Quarterly revenue was positively impacted 3% by foreign currency fluctuations. Earnings per share for the quarter increased 23% to $0.58, compared to $0.47 in the prior year.

The company also reported annual revenue of $1.54 billion, a 15% year-over-year improvement. Annual revenue was positively impacted 5% by foreign currency fluctuations. Earnings per share for the year were $2.11, a 51% increase over 2009, or a 41% improvement when excluding restructuring charges in the prior year.

“2010 was an exceptional year for Nu Skin as we generated a record level of revenue, paid out a record level of commissions to our sales leaders, and enjoyed a record level of profitability,” said Truman Hunt, president and chief executive officer. “While we are enjoying growth in most of our regions around the world, we are particularly pleased with robust growth rates in Mainland China, South Korea and South Asia/Pacific. Our growth is a reflection of the compelling innovation we have infused into our ageLOC product platform, as well as our sales leaders’ phenomenal ability to bring this innovation to the marketplace.

“We concluded the year with our first-ever $400 million-dollar revenue quarter, which is an exciting benchmark in our effort to become the world’s leading direct selling company. And our global management team continues to execute successfully on our growth initiatives, boosting operating margin for the year by approximately 220 basis points to 14.1%. From virtually every metric, 2010 was a highly successful year,” said Hunt.