Nutraceutical International Corporation reported unaudited consolidated earnings results for the first quarter ended December 31, 2014. Net sales were $53,044,000 compared to $51,550,000 a year ago. Income from operation was $5,569,000 compared with $6,897,000 a year ago. Income before provision for income taxes was $5,272,000 compared with $6,579,000 a year ago. Net income was $3,351,000 compared with $4,135,000 a year ago. Net income diluted per share was $0.35 compared with $0.42 a year ago. Adjusted EBITDA was $8,808,000 compared with $9,535,000 a year ago. Operating cash flow for the fiscal 2015 first quarter was $3.0 million compared to $5.5 million for the same period of fiscal 2014. The fiscal 2015 first quarter operating cash flow, combined with existing cash, was primarily used to invest $2.6 million in purchases of property, plant and equipment. The company's net sales growth of 2.9% was primarily the result of fiscal 2014 acquisitions. Non-acquisition net sales during the quarter were down slightly as a result of increased product out-of-stocks and some health food store market softness. Adjusted EBITDA decreased from the comparable fiscal 2014 quarter as a result of lower gross margins and increases in marketing, selling and distribution expenses, which came principally from the integration of fiscal 2014 acquisitions. The decrease in fiscal 2015 quarterly net income was primarily a result of increased amortization and depreciation expense relating to acquisitions and capital investments in equipment.

The company expects operational synergies and further net sales growth from the fiscal 2014 acquisitions in the later part of 2015.