Hain Celestial plans to streamline operations and cut debt by 55% through a $323 million international divestiture, despite withholding fiscal 2027 guidance due to ongoing lender negotiations.
Hain Celestial reported North America organic sales growth, improved free cash flow, and a planned sale of international business to reduce debt, though withheld guidance due to pending divestiture.
Hain Celestial will divest its international business to Aurelius for $323 million to focus on its North American portfolio. The move aims to reduce pro forma debt by 55% to $250 million, following a fourth quarter where North American organic sales grew 2% while international performance lagged.
Management cited the pending international divestiture, ongoing discussions with lenders regarding credit agreements, and related one-time costs as reasons for the lack of formal guidance.