Nature's Sunshine Products Inc. said its normalized net income for the fourth quarter was 9 cents per share, an increase from 3 cents per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $1.7 million, an increase from $522,380 in the year-earlier period.
The normalized profit margin increased to 3.7% from 0.6% in the year-earlier period.
Total revenue declined 7.7% on an annual basis to $80.0 million from $86.7 million, and total operating expenses decreased 10.0% from the prior-year period to $77.8 million from $86.4 million.
Reported net income increased on an annual basis to $3.6 million, or 19 cents per share, from $890,480, or 5 cents per share.
For the year, the company's normalized net income totaled 63 cents per share, a fall of 17.3% from 76 cents per share in the prior year.
Normalized net income was $12.1 million, a decrease of 10.1% from $13.4 million in the prior year.
Full-year total revenue fell 11.4% year over year to $324.7 million from $366.4 million, and total operating expenses decreased 11.6% on an annual basis to $304.9 million from $345.1 million.
The company said reported net income decreased 36.6% on an annual basis to $12.7 million, or 66 cents per share, in the full year, from $20.0 million, or $1.13 per share.