Nu Skin earnings down after restructuring
This is an archived article that was published on sltrib.com in 2007, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.

Posted: 12:59 PM- Nu Skin Enterprises made $42 million less in 2006 than the previous year, about half of that due to restructuring costs.

The Provo-based company, which specializes in supplements and skin care products, reported earnings of 47 cents per diluted share compared to $1.04 last year. Excluding restructuring, year-end earnings would have been 75 cents per diluted share, officials said.

Fourth-quarter earnings rose slightly to $15.9 million and 23 cents per share - up from $15.8 million and 22 cents per share - from the same quarter last year. Revenues dipped $1.5 million or 1 percent from the same period last year. Sales were down in North Asia, Greater China and, while South Asia saw an 8 percent improvement over the fourth quarter of 2005.

During the quarter, the company paid down $11.6 million of debt, paid $6.8 million in dividends and used $37.9 million to repurchase 2.1 million shares of common stock in open market transactions.

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