From GlobeNewswire: 2025-03-04 06:45:00

Olaplex Holdings, Inc. (NASDAQ: OLPX) reported financial results for Q4 and fiscal year 2024. Net sales for Q4 decreased 9.8% to $100.7 million, with a decrease in net income of 162.4%. For the fiscal year, net sales decreased 7.8% to $422.7 million, with a 68.3% decrease in net income.

Adjusted EBITDA for Q4 was $17.5 million, and for the fiscal year, it was $129.7 million. Adjusted gross profit margin for the fiscal year was 71.4%. The company had $586.0 million in cash and cash equivalents as of December 31, 2024.

For fiscal year 2025, Olaplex expects net sales between $410 million to $431 million, with adjusted gross profit margin between 70.5% to 71.5%, and adjusted EBITDA margin between 20% to 22%. The company plans to invest in research, development, marketing, and talent.

Adjusted net income for Q4 was $7.6 million, and for the fiscal year, it was $75.7 million. Adjusted net income per share for the fiscal year was $0.11. The company provided reconciliation tables for non-GAAP financial measures in the release.

Overall, Olaplex reported a challenging year with decreases in net sales and income. The company is focusing on investments and actions to drive demand and innovation in fiscal year 2025. Investors can access a webcast to review the financial results on March 4, 2025.



Read more at GlobeNewswire:: OLAPLEX Reports Fourth Quarter and Fiscal Year 2024