Olaplex Holdings, Inc. (OLPX) came out with quarterly earnings of $0.03 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.03 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this company would post earnings of $0.03 per share when it actually produced earnings of $0.03, delivering no surprise. Over the last four quarters, the company has surpassed consensus EPS estimates just once. Olaplex, which belongs to the ...

Net Sales Performance - Net sales decreased by 4.8% to $103.9 million in Q2 2024 compared to Q2 2023, with Specialty Retail increasing by 22.4% to $36.4 million, Professional decreasing by 18.4% to $33.4 million, and Direct-To-Consumer decreasing by 11.5% to $34.1 million[1] - For the six months ended June 30, 2024, net sales decreased by 9.0% to $202.849 million compared to the same period in 2023[3] - Net sales for Q2 2024 were $103.9 million, a decrease from $109.2 million in Q2 2023[17] Net Income and Adjusted Net Income - Net income decreased by 6.1% and adjusted net income decreased by 11.6% in Q2 2024 compared to Q2 2023[1] - Adjusted net income for the six months ended June 30, 2024, decreased by 25.2% to $39.347 million compared to the same period in 2023[3] - Net income for Q2 2024 was $5.8 million, compared to $6.2 million in Q2 2023[17] - Net income for Q2 2024 was $5.8 million, a decrease from $6.2 million in Q2 2023[20] - Adjusted net income for Q2 2024 was $18.8 million, down from $21.2 million in Q2 2023, with adjusted EPS of $0.03[22] Adjusted EBITDA and Margin - Adjusted EBITDA decreased by 12.7% to $32.054 million in Q2 2024 compared to Q2 2023, with an adjusted EBITDA margin of 30.8%[2] - Adjusted EBITDA margin is expected to be in the range of 32.8% to 34.3% for fiscal year 2024[7] - Adjusted EBITDA and adjusted EBITDA margin are used as key non-GAAP financial measures to assess the company's operating performance[13] - The company provided forward-looking guidance for adjusted EBITDA, adjusted EBITDA margin, and other non-GAAP metrics but cannot reconcile them to GAAP measures due to uncertainty[14] - Adjusted EBITDA for Q2 2024 was $32.1 million, down from $36.7 million in Q2 2023, with a margin of 30.8% compared to 33.6% in the prior year[20] Gross Profit and Margin - Gross profit for Q2 2024 was $72.4 million, down from $77.5 million in Q2 2023[17] - Adjusted gross profit margin is anticipated to be in the range of 72.5% to 73.1% for fiscal year 2024, compared to 71.4% in fiscal year 2023[6] - Adjusted gross profit for Q2 2024 was $74.7 million, with a margin of 71.9%, slightly lower than 72.7% in Q2 2023[20] SG&A Expenses - Adjusted SG&A is expected to be in the range of $172 million to $179 million for fiscal year 2024, an increase of $19 million to $26 million compared to fiscal year 2023[7] - Adjusted SG&A expenses for Q2 2024 were $42.6 million, slightly higher than $42.3 million in Q2 2023[21] Cash and Cash Equivalents - The company had $507.9 million in cash and cash equivalents as of June 30, 2024, compared to $466.4 million as of December 31, 2023[4] - Cash and cash equivalents increased to $507.9 million as of June 30, 2024, up from $466.4 million at the end of 2023[16] Assets and Liabilities - Total assets grew to $1.76 billion as of June 30, 2024, compared to $1.74 billion at the end of 2023[16] - Long-term debt decreased slightly to $646.4 million as of June 30, 2024, from $649.0 million at the end of 2023[16] - Inventory increased to $100.2 million as of June 30, 2024, up from $95.9 million at the end of 2023[16] Operating Activities - Net cash provided by operating activities for the first six months of 2024 was $59.9 million, down from $75.1 million in the same period of 2023[18] One-Time Costs and Payments - The company made a one-time $3.5 million payment to a former distributor in the UAE in 2023 to establish a new partnership[22] - Inventory write-off and disposal costs in 2023 were $24,000 due to product reformulation following EU regulation changes[22] - Executive reorganization costs in Q2 2024 were $7,000, related to ongoing benefit payments for former executives[22] Fiscal Year 2024 Guidance - The company reiterated its fiscal year 2024 guidance, expecting net sales between $435 million and $463 million, adjusted net income between $87 million and $100 million, and adjusted EBITDA between $143 million and $159 million[5][6]

NEW YORK, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Olaplex Holdings, Inc. (NASDAQ: OLPX) ("OLAPLEX" or the "Company") today announced financial results for the second quarter and six months ended June 30, 2024. Amanda Baldwin, OLAPLEX's Chief Executive Officer, commented: "Our second quarter performance was in line with our expectations and demonstrated continued stabilization in the business. I am encouraged by the progress we are making on our transformation journey as we delivered on our goals for the first hal ...

Amanda Baldwin, Chief Executive Officer will present on Wednesday, August 14, 2024 at 10:00am ET, and will meet with investors during the conference. The audio portion of the presentation will be available on the Company's Investor Relations website, https://ir.olaplex.com/, and will remain there for 90 days following the event. Contacts Financial Media: Lisa Bobroff Vice President, Global Communications & Consumer Engagement lisa.bobroff@olaplex.com OLAPLEX. NEW YORK, July 31, 2024 (GLOBE NEWSWIRE) -- Olap ...

The company plans to host an investor conference call and webcast to review second quarter fiscal 2024 financial results at 9:00am ET/6:00am PT on the same day. The webcast can be accessed at https://ir.olaplex.com/. The conference call can be accessed by calling (201) 689-8521 or (877) 407-8813 for a toll-free number. A replay of the webcast will remain available on the website for 90 days. Contacts NEW YORK, July 23, 2024 (GLOBE NEWSWIRE) -- Olaplex Holdings, Inc. ("OLAPLEX"), today announced that it plan ...

NEW YORK, July 23, 2024 (GLOBE NEWSWIRE) -- Olaplex Holdings, Inc. ("OLAPLEX"), today announced that it plans to report second quarter fiscal 2024 financial results before the market opens on Tuesday, August 6, 2024. About OLAPLEX Contacts Financial Media: Lisa Bobroff Vice President, Global Communications & Consumer Engagement lisa.bobroff@olaplex.com The company plans to host an investor conference call and webcast to review second quarter fiscal 2024 financial results at 9:00am ET/6:00am PT on the same d ...

My Rating History on OLPX (Seeking Alpha) Vladdeep/iStock via Getty Images The Q1 results came in largely as expected, although revenues did slightly beat the given guidance. The reported $98.9 million revenues, down -13.1% year-over-year, beat the previously given guidance range of $92-97 million slightly. The normalized EPS came in at $0.03, down $0.02 year-over-year, but in line with Wall Street analysts' estimates. The underlying operative profitability was even surprisingly good in my opinion, as the 1 ...

Forward-looking statements involve known and unknown risks, inherent uncertainties, and other factors that are difficult to predict which may cause the Company's actual results, performance, time frames, or achievements to be materially different from any future results, performance, time frames, or achievements expressed or implied by the forward-looking statements, including, without limitation: the risk that the Company cannot identify and recruit a permanent chief financial officer in a timely manner; c ...

Olaplex Holdings, Inc. (NASDAQ:OLPX) Q1 2024 Earnings Conference Call May 5, 2024 9:00 AM ET Company Participants Patrick Flaherty - Vice President, Investor Relations Amanda Baldwin - Chief Executive Officer Eric Tiziani - Chief Financial Officer Conference Call Participants Jonna Kim - TD Cowen Andrea Teixeira - JPMorgan Olivia Tong - Raymond James Lauren Lieberman - Barclays Korinne Wolfmeyer - Piper Sandler Javier Escalante - Evercore ISI Susan Anderson - Canaccord Genuity Operator Greetings, and welcom ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________ FORM 10-Q ________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number 001-40860 Olaplex Holdings, Inc. (Exact na ...