2012.02.08 - Nu Skin Enterprises Reports Record Forth-Quarter and 2011 Results
Feb 8, 2012
NU SKIN ENTERPRISES REPORTS
RECORD FOURTH-QUARTER AND 2011 RESULTS
Company Raises 2012 Guidance
Nu Skin Enterprises, Inc. (NYSE: NUS) today announced record fourth-quarter and annual results. Revenue for the quarter was $495.3 million, a 23 percent improvement over the prior year. Earnings per share for the quarter increased 31 percent to $0.76. The company reported annual revenue of $1.74 billion, a 13 percent year-over-year improvement. Earnings per share for the year were $2.38, a 13 percent increase over 2010.
"We are extremely pleased with our quarterly and 2011 results," said Truman Hunt, President and Chief Executive Officer. "By all measures, 2011 was a record year. We're also optimistic that our momentum will continue into 2012 as we roll out our latest product innovations globally. Our ageLOC super-class of anti-aging products continues to be a growth catalyst as demonstrated by the tremendously successful limited-time offers of the ageLOC Galvanic Body Spa and ageLOC R2 in the fourth quarter. "
"In addition to the energy surrounding ageLOC, we are pleased with growth in the sales force, particularly in the Greater China and South Asia/Pacific regions, as well as in South Korea."
"Additionally, as we announced in another release earlier this morning, based on our 2011 growth and strong balance sheet, we are raising our quarterly dividend by 25 percent," continued Hunt.
"We closed out 2011 on a high note and anticipate another record year in 2012," said Hunt. "Our primary growth driver for 2012 will be the global roll out of our new ageLOC products. Emerging markets continue to generate strong results with particularly impressive growth in the Greater China and South Asia/Pacific regions. Our initiatives are driving solid growth in our distributor force as evidenced by healthy gains in both our active and executive distributor numbers, reflecting our compelling business opportunity and fueling our optimism for the future. Overall, we are pleased with the continued positive direction of the business and we believe that we are on track to produce another record year in 2012," concluded Hunt.
"Although we recently provided 2012 guidance, based upon a solid start to this year as well as higher expectations for our regional product launches, we are increasing our annual revenue guidance to $1.81 billion to $1.84 billion," said Ritch Wood, Chief Financial Officer. "In addition, we are increasing our earnings guidance to $2.84 to $2.94 per share. We project first-quarter revenue of $437 to $447 million with earnings per share in the $0.68 to $0.71 range. "
About Nu Skin Enterprises, Inc.
Nu Skin Enterprises, Inc. demonstrates its tradition of innovation through its comprehensive anti-aging product portfolio, independent business opportunity and corporate social responsibility initiatives. The company’s scientific leadership in both skin care and nutrition has established Nu Skin as a premier anti-aging company, evidenced in its unique ageLOC science that addresses aging at its source. A global direct selling company, Nu Skin operates in 52 markets worldwide and has more than 850,000 independent distributors. Nu Skin is traded on the New York Stock Exchange under the symbol "NUS".