Helen Of Troy Ltd HELE
Q1 2012 Earnings Call Transcript

Transcript Call Date 07/07/2011

Operator: Good morning and welcome ladies and gentlemen to the Helen of Troy First Quarter Conference Call for Fiscal 2012. At this time, I would like to inform you that all participants are in a listen-only mode. At the request of the Company we will open the conference up for questions and answers after the presentation.

Our speakers for this morning's conference call are Gerald Rubin, Chairman, Chief Executive Office and President; Brian Grass, Assistant Chief Financial Officer and Robert Spear, Senior Vice President and Chief Information Officer.

I will now turn the conference over to Robert Spear. Please go ahead sir.

Robert D. Spear - SVP and CIO: Good morning everyone, and welcome to Helen of Troy's first quarter conference call for fiscal year 2012. The agenda for this morning's conference call is as follows; we'll have a brief forward-looking statement review, followed by Mr. Rubin who will discuss our first quarter earnings release and the related results of operations for Helen of Troy, followed by a financial review of our income statement and balance sheet for the quarter by Brian Grass, our assistant Chief Financial Officer, and finally, we'll open it up for questions and answers for those of you with any further questions.

Safe harbor statement; this conference call may contain certain forward-looking statements that are based on management's current expectation with respect to future events or financial performance. A number of risks or uncertainties could cause actual results to differ materially from historical or anticipated results. Generally, the words anticipate, believe, expects, and other similar words identify forward-looking statements. Forward-looking statements are subject to risks that could cause such statements to differ materially from actual.

This conference call may also include information that may be considered non-GAAP financial information. These non-GAAP measures are not an alternative to GAAP financial information, and may be calculated differently than the non-GAAP financial information disclosed by other companies. The Company cautions listeners to not place undue reliance on forward-looking statements or non-GAAP information.

Before I turn the conference call over to our Chairman, Mr. Rubin, I would like to inform all interested parties that a copy of today's earnings release has been posted to our website at The earnings release contains tables that reconcile non-GAAP financial measures to their corresponding GAAP-based measures. The release can also be accessed by selecting the Investor Relations tab on our homepage, and then the News tab.

I will now turn the conference over to Mr. Gerald Rubin; Chairman, CEO, and President of Helen of Troy.

Gerald J. Rubin - Chairman, CEO and President: Thank you, Bob, good morning to everybody and welcome to our first quarter conference call of fiscal year 2012. Helen of Troy Limited today reported record first quarter net sales revenue and record first quarter net income for the quarter ending May 31, 2011. Our first quarter net sales revenue was $271 million versus net sales revenue of $160 million in the same period of the prior year, an increase of $111 million or $69.5% due largely to the acquisition of Kaz on December 31, 2011. First quarter net income was $24,605,000 or $0.78 per fully diluted share compared with $18,387,000 or $0.59 per fully diluted share for the same period in the prior year, an increase of $6.2 million or 33.8% in net income.

Read our Earnings Call Transcript disclaimer.
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