Nuskin Sales Flat in 2006

PROVO, Utah, Feb. 7 /PRNewswire-FirstCall/ — Nu Skin Enterprises, Inc. today reported fourth-quarter results ahead of company guidance. Revenue for the fourth quarter was $289.2 million, a 1 percent decrease from the prior-year period. Fourth-quarter earnings per share were $0.23 with net income of $15.9 million compared to earnings per share of $0.22 and net income of $15.8 million in 2005. Growth in South Korea, Europe and the United States contributed positively to the quarterly results. Revenue for the quarter was positively impacted 2 percent by foreign currency fluctuations.

For the year, the company reported revenue of $1.115 billion, compared to $1.181 billion in 2005. Earnings per share for 2006 were $0.47 with net income of $32.8 million. Excluding restructuring and impairment charges, earnings per share would have been $0.75, while net income would have been $52.7 million. These results are compared to 2005 earnings per share of $1.04 and net income of $74.0 million. A reconciliation of reported GAAP numbers is included in the attached financial tables. Foreign currency fluctuations negatively impacted 2006 revenue by 1 percent.