Helen of Troy Limited reported unaudited consolidated earnings results for the third quarter and nine months ended November 30, 2016. For the quarter, the company reported sales revenue, net of $444,414,000 compared to $445,503,000 a year ago. Operating income was $63,319,000 compared to $55,633,000 a year ago. Income before income taxes was $59,800,000 compared to $53,034,000 a year ago. Net income was $57,612,000 compared to $46,778,000 a year ago. Diluted EPS was $2.07 compared to $1.63 a year ago. Adjusted EBITDA was $77,532,000 compared to $75,367,000 a year ago. Adjusted income (non-GAAP) was $65,999,000 or $2.37 per diluted share compared to $59,172,000 or $2.07 per diluted share a year ago. Adjusted operating income was $73.4 million, or 16.5% of net sales, compared to $71.4 million, or 16.0% of net sales, in the prior year, reflecting the overall improvement in core business gross profit margin, the accretive impact of the Hydro Flask acquisition, and improved distribution and logistics efficiency and lower outbound freight costs, partially offset by the unfavorable impact of foreign currency fluctuations and a decline in operating income from the company's Venezuela operations of $3.1 million, which negatively impacted consolidated adjusted operating margin by 0.4 percentage points.

For the nine months, the company reported sales revenue, net of $1,160,522,000 compared to $1,159,977,000 a year ago. Operating income was $123,704,000 compared to $114,608,000 a year ago. Income before income taxes was $112,905,000 compared to $106,706,000 a year ago. Net income was $104,993,000 compared to $91,640,000 a year ago. Diluted EPS was $3.74 compared to $3.17 a year ago. Net cash provided by operating activities was $139,140,000 compared to $73,748,000 a year ago. Capital and intangible asset expenditures were $14,989,000 compared to $12,418,000 a year ago. Adjusted operating income (non-GAAP) was $165,858,000 compared to $151,345,000 a year ago. Adjusted EBITDA was $177,809,000 compared to $162,572,000 a year ago. Adjusted income (non-GAAP) was $138,915,000 or $4.95 per diluted share compared to $122,207,000 or $4.23 per diluted share a year ago.

For fiscal year 2017, the company now expects consolidated net sales revenue in the range of $1.520 to $1.550 billion compared to the previous range of $1.55 to $1.59 billion. The company is raising expectations for consolidated GAAP diluted EPS in the range of $4.72 to $4.92. The company is also raising its adjusted diluted EPS (non-GAAP) outlook in the range of $6.20 to $6.50, which excludes after-tax non-cash asset impairment charges, patent litigation charges, share-based compensation expense and intangible asset amortization expense and includes incremental adjusted diluted EPS from the Hydro Flask acquisition. The diluted EPS outlook is based on an estimated weighted average shares outstanding of 28.0 million and an expected effective tax rate of 10% to 12% for the full fiscal year 2017.