NHTC - Earnings call transcript Q3 2019 | Natural Health Trends Corp.

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Operator

Greetings, welcome to the Natural Health Trends Corporation's Third Quarter 2019 Earnings Conference Call. At this time, all participants are in a listen-only mode [Operator Instructions]. Please note this conference is being recorded.

I would now like to turn the conference over to your host, Mr. Andrew Greenbaum with ADDO Investor Relations. you. Thank

begin. may You

Andrew Greenbaum

welcome call. Health And XXXX third earnings conference to you. Trends' Natural quarter Thank

from and could Company's those such set call, may are in anticipated today's the forward-looking Reform results defined During Exchange there the certain Act statements, of the performance, or relating those in results, of the future of to XXXX. Company Securities that including achievements, Private through forward-looking Actual as with factors, Securities be statements the Litigation statements filings Commission. differ materially in the result forth made

It archived at will naturalhealthtrendscorp.com. found at should and approximately of in call version issued Company's also results on be Time. webcast be site the noted Web Instructions that the release, conference can the today's can which financial of was corporate be X:XX today's call be the found press Eastern section Investors AM accessing live for

turn President Trends. over I'd time, call to the this Sharng, Chris like At Health Natural to of

Chris Sharng

thanks greater joining start by Thank Senior results Chief our to I'll Officer. Andrew. Scott Scott call us. Financial the Vice our in President to everyone third our hand is today And financials and discussing quarter Davidson, you, detail. over me and With to then review for

companies million aftermath. to Total business ongoing of products XXXX, to the challenges environment broad its declined third as XXX-day and in of due quarter the revenue $XX health for the compared campaign XX% third quarter China presented

Hong Kong protests in complications the In new addition, during quarter. post

company-sponsored hosting from current are to conditions to a visitors As as result, China. not had meetings in Kong suspend Hong we Mainland conducive

abilities circumstances. speakers, protest, Macau. third traditional changed keynote to attendees attracted are X,XXX environment with Kong, and operating in a We of the Hong to training. timing it product quarter perform weekend under Hong demonstrations, in these Hong full motivation and for event difficult Due held October Kong our we Despite and pleased the leaders' with our adapt and to Kong we a China

included as an will a to new among positive. the introduced was China of purifier, to we products our of disputes. ongoing the electric reduce to exposure and Recession part efforts version new very guests The our in which Macau event air our sourced trade toothbrush be our

following volume the also year. It order way quarter the trends Malaysia for and quarter event. activities, Fly event are to plan leaders early for improving in next fourth High fourth this in us major Kong Hong Our the paves including a and back training more to

will products quarter, the This Additionally, behind a we markets. unveiled StemRenu that our by the on all an can existing manufacturing re-registration product key improved enhanced and be formula with during cellular support benefits the health. educate underway vast supported in new process to members better product partner

development, of and the to exclusive members we training On formula this qualify for who in manufacturing product in new conducted tour Minneapolis showcase August a attend. the heels StemRenu to provided

should As are be Peru end part and in launch global our us held completed NHT the momentum. Lima, of products the in other Peru awareness that for registrations to event StemRenu re-registration a of help promote orders. Further expected process in generate the America, year by to to we maintain

current markets. business implementing to light our environment, in the are focus members resources Lastly, reduction of on and cost measures we

an by first million annualized realize the quarter XXXX. to expect $X.X We savings of

the execution continue growth we cautiously are while summary, Kong, that as macro and optimistic In reinvigorate both situation we will to Hong help stabilizes. broader challenges persistent in face China our

of in $X.XX demonstrated a by In their dividend share. fact, our a Directors Board business cash special our declaring of confidence

additional given for share opportunities authorization evaluate $XX.X to repurchases continue our also million. for remaining will We

in our Scott? that, CFO, detail. third quarter like Scott With to our I'd the turn Davidson, over discuss to financials call to

Scott Davidson

the Kong. year-over-year of as in China for to third $XX broad due Hong of compared million spoke in XXXX. challenges well revenue Chris. the The to Chris you, which in third unrest quarter environment are million impacting business the the was XX% Total $XX as quarter Thank declined to, primarily decline

XX% Our year. XX% decreased September XX,XXX September XX,XXX active at XXth June member and from XXth base at at XX,XXX to last XXth was down from

a Turning margin of third in by last incentive result occurred operating profit quarter XX.X% a our further primarily charge was of Commissions the logistics of obsolescent the revenue last expenses. quarter. and during the cost XX.X% third year $XXX,XXX. declined of cost on XX.X%, total due Gross XX.X% higher nonrecurring and as to costs in as year, trips expense of from a that quarter percent from decreased impacted to of savings

quarter to the the event expenses from second year August for of half our million $X.X $X.X Selling, to into million and compared a general October shift decreased XX% last to due administrative year. ago major

the As income million was loss operating $X.X the for last operating compared a result, million $X.X in year. third of quarter to quarter

totaled the compared We quarter the recorded provision per $X.X of $X.XX a an or for income $XXX,XXX compared in net $X.X $X.XX third loss year. Net to $XXX,XXX tax diluted diluted to quarter million of quarter XXXX. per income third for quarter of million share the the share of loss last in or

$X.X slightly cash at used the the were cash XXth. $XXX.X by million quarter The XXXX. from million net million XX, cash provided $X.X Net June $XXX.X of at activities operating in compared and third to cash down in million total September operating during quarter of activities was equivalents

During XXX,XXX $X.XX million. our over of we repurchased a of an for stock of common $X.X shares at the price just total quarter, average

approved repurchase XXth, the future September of million $XX.X for of remained stock purchases. previously available program As

October our dividend record common to of stockholders Board November XX. $X.XX XX of payable a be Lastly, of Directors November on on dividend as The outstanding of on share will XXth, special declared cash stock. per

allocation As to forward continue our strategy increased going deliver always, value to to our will we evaluate capital shareholders.

turn completes prepared That our I over operator. to back now will remarks. the call the

Operator

today's has It you call. for concluded. now joining Thank

lines You may and time. day. at you your your thank participation, wonderful have We this for now disconnect a

Natural Health Trends (NHTC) 4 Nov 192019 Q3 Earnings call transcript