The following are recent financial reports as posted by selected Utah corporations:
Nu Skin
Nu Skin Enterprises Inc., based in Provo, reported net income of $44.7 million, or 79 cents per share, for the second quarter ended June 30. That compares with $44.7 million, or 75 cents per share, for the same quarter a year earlier.
Revenue in the most recent quarter totaled $600.5 million, up from $560.2 million in the year-earlier quarter.
Nu Skin is a direct-sales company that develops and distributes beauty and wellness products in more than 50 markets worldwide.
“We are pleased with our second-quarter results and remain optimistic about the future as we continue to introduce our latest ageLOC products,” Truman Hunt, president and chief executive officer, said in announcing the results. “During the quarter, we held significant product introduction events in South Asia/Pacific and Greater China, generating revenue growth of 36 and 18 percent, respectively. We are also encouraged with the increase in sales leaders during the quarter, a reflection of the strength of our product launches.”
Questar
Questar Corp., based in Salt Lake City, reported net income of $33.1 million, or 19 cents per share, for the second quarter ended June 30. Excluding after-tax merger and restructuring costs, adjusted earnings were $35.4 million, or 20 cents per share. That compares with $40.6 million, or 23 cents per share, for the same quarter a year earlier.
Revenues in the most recent quarter totaled $174.1 million, down from $199.3 million a year earlier.
Questar has three principal subsidiaries. Questar Gas Co. provides retail natural gas distribution in Utah, Wyoming and Idaho. Wexpro Co. develops and produces natural gas from cost-of-service reserves for Questar Gas customers. Questar Pipeline Co. operates interstate natural gas pipelines and storage facilities in the western U.S. and provides other energy services.
For the most recent quarter, Questar Gas reported a seasonal loss of $1.6 million on revenues of $128.2 million. At the end of the quarter, Questar Gas served about 999,000 customers. Wexpro contributed $26.1 million in net income on revenues of $1.9 million, and Questar Pipeline added $13.6 million in income on revenues of $42.9 million.
Vivint Solar
Vivint Solar, based in Lehi, reported net income available to common stockholders of $12.4 million, or 11 cents per share, for the second quarter ended June 30. That compares with $13.7 million, or 12 cents per share, for the same quarter a year earlier.
Revenue in the most recent quarter totaled $34.9 million, up from $16.1 million in the year-earlier quarter.
Vivint Solar provides distributed solar energy systems — electricity generated by a solar energy system installed at a customer’s location — to residential customers in the United States. Established in 2011, Vivint Solar has 1,343 employees in Utah.
Nature’s Sunshine
Nature’s Sunshine Products Inc., based in Lehi, reported net income attributable to common shareholders of $2.6 million, or 14 cents per share, for the second quarter ended June 30. That compares with $2.6 million, or 13 cents per share, for the same quarter a year earlier.
Sales in the most recent quarter totaled $89.4 million, up from $81.2 million in the year-earlier quarter.
Nature’s Sunshine Products manufactures, markets and distributes nutritional and personal care products through a global direct sales force.
“We are very pleased to report accelerated revenue growth during the second quarter with strength across several regions,” Gregory L. Probert, chairman and chief executive officer, said in announcing the results.
“Sustained local currency growth in both NSP United States and NSP Canada continues to reflect the strong foundation within our most mature markets and is a reflection of our high -quality products and effective business model. The improvements we have put in place at Synergy WorldWide are delivering strong results across all geographical regions, led by 28.5 percent local currency growth in Synergy Asia.”
ClearOne
ClearOne, based in Salt Lake City, reported net income of $955,000, or 10 cents per share, for the quarter ended June 30. That compares with $1.5 million, or 16 cents per share, for the same quarter a year earlier.
Revenues in the most recent quarter totaled $12 million, down from $14 million in the year-earlier quarter.
ClearOne designs, develops and sells conferencing, collaboration and network streaming and signage products for voice and visual communications.
“Global economic headwinds impacted our financial performance in the 2016 second quarter,” Zee Hakimoglu, president and chief executive officer, said in announcing the results. “Despite lower overall demand, sales of our video products grew significantly and our gross margin remained strong. Also during the quarter, we continued to make solid investments in product development, paid a cash dividend and enhanced shareholder value with substantial repurchases of our common stock.”
Control4
Control4 Corp., based in Salt Lake City, reported net income of $500,000, or 2 cents per share, for the second quarter ended June 30. That compares with $2 million, or 8 cents per share, for the same quarter a year earlier.
Revenue in the most recent quarter totaled $53.2 million, up from $44.6 million in the year-earlier quarter.
Control4 provides automation and networking systems for homes and businesses. Founded in 2003, the company has 551 employees, of which 348 are based in Utah.
“Our teams delivered strong results stemming from our continued focus and investments in product development, marketing and sales,” Martin Plaehn, chairman and chief executive officer, said in announcing the results.
Mark Novakovich, chief financial officer, said the company “delivered both revenue and non-GAAP net income above our guidance range. Our year-over-year quarterly non-GAAP net income and EPS (earnings per share) grew 33 percent and 44 percent, respectively, and for the first half of 2016, non-GAAP net income and EPS grew 119 percent and 125 percent, respectively, over the first half of 2015, reflecting the increasing leverage in our business model and our commitment to sustainable, profitable growth to enhance shareholder value.”
ForeverGreen
ForeverGreen Worldwide Corp., based in Lindon, reported net income of $189,719, or 1 cent per share, for the second quarter ended June 30. That compares with a loss of $1.4 million, or 6 cents per share, for the same quarter a year earlier.
Revenues in the most recent quarter totaled $10.8 million, down from $16 million in the year-earlier quarter.
ForeverGreen develops, manufactures and distributes a line of whole foods and products to North America, Australia, Europe, Asia, Africa and South America.
“The company is happy to reach profitability so quickly after beginning several initiatives towards improving profitability and cash flow,” Jack Eldridge, chief financial officer, said in announcing the results. “Now that the company is more efficient, we can concentrate on delivering increased sales. We will selectively focus on regions that will deliver faster growth.
“ForeverGreen anticipates a slower third quarter, as is typical in our industry, but the emphasis on our profitability will continue. Fourth quarter should see significant growth, which will put the company in a profitable position for the year.”
Overstock.com
Overstock.com Inc., based in Salt Lake City, reported a net loss of $904,000, or 4 cents per share, for the quarter ended June 30. That compares with net income of $1.7 million, or 7 cents per share, for the same quarter a year earlier.
Revenue in the most recent quarter totaled $418.5 million, up from $388 million in the year-earlier quarter.
Overstock.com is an online retailer.
Its founder, Patrick M. Byrne, recently returned from medical leave to resume his position as chief executive officer. “I’m happy to be back to the day-to-day operations of this great company, where I see a clear path to continue our accelerating growth,” Byrne said in announcing the company’s quarterly results.
ZAGG
ZAGG Inc., based in Salt Lake City, reported a net loss of $1 million, or 4 cents per share, for the second quarter ended June 30. That compares with net income of $3.7 million, or 12 cents per share, for the same quarter a year earlier.
Adjusted net income was $3.1 million, or 11 cents per share, compared with $3.7 million, or 12 cents per share in the year-earlier quarter.
Sales in the most recent quarter totaled a second-quarter record of $99.8 million, up from $66.7 million in the year-earlier quarter.
ZAGG produces screen protection, mobile keyboards, power management solutions, social tech and personal audio products under the ZAGG, mophie, InvisibleShield and iFrogz brands. Established in 2005, the company has 160 employees in Utah.
“We are very pleased with our results for the second quarter,” Randy Hales, president and chief executive officer, said in announcing the results. “The overall business is performing well, with the ZAGG business ahead of expectations and improved momentum in the mophie business. I’m also pleased with the integration of the mophie acquisition, which is proceeding well ahead of plan.”
Black Diamond
Black Diamond Inc., based in Salt Lake City, reported a net loss of $3.2 million, or 10 cents per share, for the second quarter ended June 30. That compares with a loss of $5.4 million, or 17 cents per share, for the same quarter a year earlier.
The company said its net loss from continuing operations was $3.2 million, or 10 cents per share, which compares with a net loss from continuing operations of $3.8 million, or 12 cents per share, for the same quarter a year earlier.
Sales in the most recent quarter totaled $29.1 million, down from $30.1 million in the year-earlier quarter.
Black Diamond Inc., through its ownership of Black Diamond Equipment, designs, manufactures and markets active outdoor performance equipment and apparel for climbing, mountaineering, backpacking, skiing and other outdoor recreation activities. Its principal brands are Black Diamond and PIEPS.
“Our second quarter was highlighted by continued growth in our North American business and strength in our global direct-to-consumer channel,” Mark Ritchie, Black Diamond Equipment’s brand president, said in announcing the results. “We also experienced low double-digit growth in our independent global distributor business, as markets like Japan and Korea have begun to replenish their inventory after a period of industry consolidation and other market headwinds.”
Ritchie said revenue and gross margin were hurt by foreign exchange issues, particularly with the euro. Also, “despite record factory output levels in May and June, the manufacturing activities that we repatriated from China back to Salt Lake City continued to operate at higher costs, further impacting gross margin,” he said.
InContact
InContact Inc., based in Salt Lake City, reported a net loss of $7.4 million, or 12 cents per share, for the second quarter ended June 30. That compares with a loss of $7.3 million, or 12 cents per share, for the same quarter a year earlier.
Revenue in the most recent quarter totaled $63.8 million, up from $53 million in the year-earlier quarter.
InContact produces cloud contact center software. Established in 1997, it has 700 employees in Utah.
“I’m pleased to report strong revenues and positive adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) in the second quarter of 2016,” Paul Jarman, chief executive officer, said in announcing the results. “During the quarter we closed 170 total contracts, including 111 new logo customers and 59 expansion deals with existing customers.”
Nu Skin
Nu Skin Enterprises Inc., based in Provo, reported net income of $44.7 million, or 79 cents per share, for the second quarter ended June 30. That compares with $44.7 million, or 75 cents per share, for the same quarter a year earlier.
Revenue in the most recent quarter totaled $600.5 million, up from $560.2 million in the year-earlier quarter.
Nu Skin is a direct-sales company that develops and distributes beauty and wellness products in more than 50 markets worldwide.
“We are pleased with our second-quarter results and remain optimistic about the future as we continue to introduce our latest ageLOC products,” Truman Hunt, president and chief executive officer, said in announcing the results. “During the quarter, we held significant product introduction events in South Asia/Pacific and Greater China, generating revenue growth of 36 and 18 percent, respectively. We are also encouraged with the increase in sales leaders during the quarter, a reflection of the strength of our product launches.”
Questar
Questar Corp., based in Salt Lake City, reported net income of $33.1 million, or 19 cents per share, for the second quarter ended June 30. Excluding after-tax merger and restructuring costs, adjusted earnings were $35.4 million, or 20 cents per share. That compares with $40.6 million, or 23 cents per share, for the same quarter a year earlier.
Revenues in the most recent quarter totaled $174.1 million, down from $199.3 million a year earlier.
Questar has three principal subsidiaries. Questar Gas Co. provides retail natural gas distribution in Utah, Wyoming and Idaho. Wexpro Co. develops and produces natural gas from cost-of-service reserves for Questar Gas customers. Questar Pipeline Co. operates interstate natural gas pipelines and storage facilities in the western U.S. and provides other energy services.
For the most recent quarter, Questar Gas reported a seasonal loss of $1.6 million on revenues of $128.2 million. At the end of the quarter, Questar Gas served about 999,000 customers. Wexpro contributed $26.1 million in net income on revenues of $1.9 million, and Questar Pipeline added $13.6 million in income on revenues of $42.9 million.
Vivint Solar
Vivint Solar, based in Lehi, reported net income available to common stockholders of $12.4 million, or 11 cents per share, for the second quarter ended June 30. That compares with $13.7 million, or 12 cents per share, for the same quarter a year earlier.
Revenue in the most recent quarter totaled $34.9 million, up from $16.1 million in the year-earlier quarter.
Vivint Solar provides distributed solar energy systems — electricity generated by a solar energy system installed at a customer’s location — to residential customers in the United States. Established in 2011, Vivint Solar has 1,343 employees in Utah.
Nature’s Sunshine
Nature’s Sunshine Products Inc., based in Lehi, reported net income attributable to common shareholders of $2.6 million, or 14 cents per share, for the second quarter ended June 30. That compares with $2.6 million, or 13 cents per share, for the same quarter a year earlier.
Sales in the most recent quarter totaled $89.4 million, up from $81.2 million in the year-earlier quarter.
Nature’s Sunshine Products manufactures, markets and distributes nutritional and personal care products through a global direct sales force.
“We are very pleased to report accelerated revenue growth during the second quarter with strength across several regions,” Gregory L. Probert, chairman and chief executive officer, said in announcing the results.
“Sustained local currency growth in both NSP United States and NSP Canada continues to reflect the strong foundation within our most mature markets and is a reflection of our high -quality products and effective business model. The improvements we have put in place at Synergy WorldWide are delivering strong results across all geographical regions, led by 28.5 percent local currency growth in Synergy Asia.”
ClearOne
ClearOne, based in Salt Lake City, reported net income of $955,000, or 10 cents per share, for the quarter ended June 30. That compares with $1.5 million, or 16 cents per share, for the same quarter a year earlier.
Revenues in the most recent quarter totaled $12 million, down from $14 million in the year-earlier quarter.
ClearOne designs, develops and sells conferencing, collaboration and network streaming and signage products for voice and visual communications.
“Global economic headwinds impacted our financial performance in the 2016 second quarter,” Zee Hakimoglu, president and chief executive officer, said in announcing the results. “Despite lower overall demand, sales of our video products grew significantly and our gross margin remained strong. Also during the quarter, we continued to make solid investments in product development, paid a cash dividend and enhanced shareholder value with substantial repurchases of our common stock.”
Control4
Control4 Corp., based in Salt Lake City, reported net income of $500,000, or 2 cents per share, for the second quarter ended June 30. That compares with $2 million, or 8 cents per share, for the same quarter a year earlier.
Revenue in the most recent quarter totaled $53.2 million, up from $44.6 million in the year-earlier quarter.
Control4 provides automation and networking systems for homes and businesses. Founded in 2003, the company has 551 employees, of which 348 are based in Utah.
“Our teams delivered strong results stemming from our continued focus and investments in product development, marketing and sales,” Martin Plaehn, chairman and chief executive officer, said in announcing the results.
Mark Novakovich, chief financial officer, said the company “delivered both revenue and non-GAAP net income above our guidance range. Our year-over-year quarterly non-GAAP net income and EPS (earnings per share) grew 33 percent and 44 percent, respectively, and for the first half of 2016, non-GAAP net income and EPS grew 119 percent and 125 percent, respectively, over the first half of 2015, reflecting the increasing leverage in our business model and our commitment to sustainable, profitable growth to enhance shareholder value.”
ForeverGreen
ForeverGreen Worldwide Corp., based in Lindon, reported net income of $189,719, or 1 cent per share, for the second quarter ended June 30. That compares with a loss of $1.4 million, or 6 cents per share, for the same quarter a year earlier.
Revenues in the most recent quarter totaled $10.8 million, down from $16 million in the year-earlier quarter.
ForeverGreen develops, manufactures and distributes a line of whole foods and products to North America, Australia, Europe, Asia, Africa and South America.
“The company is happy to reach profitability so quickly after beginning several initiatives towards improving profitability and cash flow,” Jack Eldridge, chief financial officer, said in announcing the results. “Now that the company is more efficient, we can concentrate on delivering increased sales. We will selectively focus on regions that will deliver faster growth.
“ForeverGreen anticipates a slower third quarter, as is typical in our industry, but the emphasis on our profitability will continue. Fourth quarter should see significant growth, which will put the company in a profitable position for the year.”
Overstock.com
Overstock.com Inc., based in Salt Lake City, reported a net loss of $904,000, or 4 cents per share, for the quarter ended June 30. That compares with net income of $1.7 million, or 7 cents per share, for the same quarter a year earlier.
Revenue in the most recent quarter totaled $418.5 million, up from $388 million in the year-earlier quarter.
Overstock.com is an online retailer.
Its founder, Patrick M. Byrne, recently returned from medical leave to resume his position as chief executive officer. “I’m happy to be back to the day-to-day operations of this great company, where I see a clear path to continue our accelerating growth,” Byrne said in announcing the company’s quarterly results.
ZAGG
ZAGG Inc., based in Salt Lake City, reported a net loss of $1 million, or 4 cents per share, for the second quarter ended June 30. That compares with net income of $3.7 million, or 12 cents per share, for the same quarter a year earlier.
Adjusted net income was $3.1 million, or 11 cents per share, compared with $3.7 million, or 12 cents per share in the year-earlier quarter.
Sales in the most recent quarter totaled a second-quarter record of $99.8 million, up from $66.7 million in the year-earlier quarter.
ZAGG produces screen protection, mobile keyboards, power management solutions, social tech and personal audio products under the ZAGG, mophie, InvisibleShield and iFrogz brands. Established in 2005, the company has 160 employees in Utah.
“We are very pleased with our results for the second quarter,” Randy Hales, president and chief executive officer, said in announcing the results. “The overall business is performing well, with the ZAGG business ahead of expectations and improved momentum in the mophie business. I’m also pleased with the integration of the mophie acquisition, which is proceeding well ahead of plan.”
Black Diamond
Black Diamond Inc., based in Salt Lake City, reported a net loss of $3.2 million, or 10 cents per share, for the second quarter ended June 30. That compares with a loss of $5.4 million, or 17 cents per share, for the same quarter a year earlier.
The company said its net loss from continuing operations was $3.2 million, or 10 cents per share, which compares with a net loss from continuing operations of $3.8 million, or 12 cents per share, for the same quarter a year earlier.
Sales in the most recent quarter totaled $29.1 million, down from $30.1 million in the year-earlier quarter.
Black Diamond Inc., through its ownership of Black Diamond Equipment, designs, manufactures and markets active outdoor performance equipment and apparel for climbing, mountaineering, backpacking, skiing and other outdoor recreation activities. Its principal brands are Black Diamond and PIEPS.
“Our second quarter was highlighted by continued growth in our North American business and strength in our global direct-to-consumer channel,” Mark Ritchie, Black Diamond Equipment’s brand president, said in announcing the results. “We also experienced low double-digit growth in our independent global distributor business, as markets like Japan and Korea have begun to replenish their inventory after a period of industry consolidation and other market headwinds.”
Ritchie said revenue and gross margin were hurt by foreign exchange issues, particularly with the euro. Also, “despite record factory output levels in May and June, the manufacturing activities that we repatriated from China back to Salt Lake City continued to operate at higher costs, further impacting gross margin,” he said.
InContact
InContact Inc., based in Salt Lake City, reported a net loss of $7.4 million, or 12 cents per share, for the second quarter ended June 30. That compares with a loss of $7.3 million, or 12 cents per share, for the same quarter a year earlier.
Revenue in the most recent quarter totaled $63.8 million, up from $53 million in the year-earlier quarter.
InContact produces cloud contact center software. Established in 1997, it has 700 employees in Utah.
“I’m pleased to report strong revenues and positive adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) in the second quarter of 2016,” Paul Jarman, chief executive officer, said in announcing the results. “During the quarter we closed 170 total contracts, including 111 new logo customers and 59 expansion deals with existing customers.”