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SECURITY: BTH (Common)
EXCHANGE: New York Stock Exchange CURRENCY: US Dollar
Blyth, Inc., headquartered
in Greenwich, Connecticut, USA designs and markets an extensive line of
candles and home fragrance products, the majority of which it manufactures,
and related accessories, as well as tabletop lighting and chafing fuel
for the hotel, restaurant and catering trade. The Company also designs
and markets a broad range of Creative Expressions products, including seasonal
accents, home decor and household convenience products, and decorative
paper gift bags. Its products are sold in North America under various brand
names, including PartyLite®, Colonial Candle of Cape Cod®, Kate's*,
Carolina*, Florasense®, Ambria*, Seasons of Cannon Falls*, CBK*, Miles
Kimball®, Exposures®, Jeanmarie Creations®, Impact Plastics*,
Sterno® and FilterMate* and in Europe under the PartyLite®, Colonial,
Gies and Liljeholmens brands.
Blyth,
Inc. Reports 1st Quarter Sales and Earnings
Gross Margin Improvement Drives Higher Profitability in Direct to
Consumer Segments
GREENWICH,
Conn., May 31, 2007 (PRIME NEWSWIRE) -- Blyth, Inc. (NYSE:BTH), a leading
multi-channel designer and marketer of home
fragrance
products, home decor products and household convenience items, today reported
that Net Sales for the first quarter ended April
30,
2007 declined approximately 3% to $270.4 million compared to $280.2 million
for the prior year period. First quarter sales growth in
PartyLite's
international markets was offset by lower sales in PartyLite's U.S. market.
In addition, sales growth in the Catalog &
Internet
segment partially offset lower sales in the Company's Wholesale segment.
Foreign exchange had a 2 percentage point favorable
impact
on first quarter Net Sales. International sales represented 32% of total
sales in the first quarter this year and 27% last year,
reflecting
strong growth overall in PartyLite's international markets.
Operating
Profit for the first quarter increased 18% to $16.7 million this year versus
$14.1 million last year, reflecting gross margin
improvement
and cost management initiatives in the Company's Direct Selling and Catalog
& Internet segments. Earnings from continuing
operations
for the quarter increased 44% to $11.7 million compared to Earnings from
continuing operations of $8.1 million for the prior year
period.
Net
Earnings for the first quarter were $11.7 million versus a Net Loss of
$30.6 million a year earlier. Last year's loss includes a charge of
$40.7
million pre-tax, equating to $38.8 million after tax, or $0.95 per share
on the sale and discontinued operations of Blyth's European
Wholesale
businesses. Diluted Earnings Per Share from continuing operations for the
first quarter this year were $0.30 compared to $0.20
a
year earlier. Diluted Earnings Per Share for the quarter were $0.30 per
share this year compared to a loss of $0.75 per share last year,
which
reflects last year's loss from discontinued operations related to Blyth's
European wholesale businesses
Blyth,
Inc. Reports 4th Quarter and Full Year Sales and Earnings
Company Achieves Full Year Cash Flow From Operations of $95 Million
GREENWICH,
Conn., April 4, 2007 (PRIME NEWSWIRE) -- Blyth, Inc. (NYSE:BTH), a leading
designer and marketer of home fragrance products,
home
decor products and household convenience items, today reported Net Sales
of $379.8 million for the fourth quarter ended January 31, 2007,
which
were approximately even with last year's fourth quarter sales of $380.7
million. Included in last year's results was $3.1 million of
sales
from Impact Plastics, which was sold in the fourth quarter last year. Excluding
the effect of Impact Plastics, fourth quarter sales
increased
1% over prior year's fourth quarter primarily due to sales growth in PartyLite's
international markets, as well as in the Miles
Kimball
Company and Boca Java. International sales represented 34% of total sales
in the fourth quarter this year versus 31% last year,
reflecting
strong growth in several of PartyLite's international markets. Excluding
the 2 percentage point positive effect of foreign
currency
movement this year and the 1 percentage point effect of Impact Plastics
last year, comparable fourth quarter Net Sales declined
approximately
1% versus last year.
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