Financial News

Vistra Energy Announces Agreement to Acquire Ambit Energy

Vistra Energy

Irving, Texas-based Vistra Energy (NYSE: VST) announced it has entered into an agreement to acquire Ambit Energy for $475 million plus net working capital in an all-cash transaction. Following the closing of the transaction, Vistra’s share of the ERCOT residential market will grow from approximately 25 percent to approximately 32 percent and an industry-leading 26…

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Nature’s Sunshine Q2 2019 Net Sales Down Slightly

Nature’s Sunshine Q2

Nature’s Sunshine Products, Inc. (NASDAQ: NATR) reported net sales of $90.7 million for the second quarter ended June 30, 2019. The $90.7 million was a decrease of 0.6 percent from the second quarter of 2018 for the Lehi, Utah-based direct seller, a leading natural health and wellness company engaged in the manufacture and sale of…

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Mannatech Net Sales Down 9.8% in Q2 2019

Mannatech Q2

Mannatech, Incorporated (NASDAQ: MTEX) announced net sales of $40.7 million for the second quarter ended June 30, 2019. The $40.7 million was a decrease of $4.4 million, or 9.8 percent, as compared to $45.1 million in the second quarter of 2018. For the three months ended June 30, 2019, net sales declined 5.5 percent on a constant…

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Nu Skin Q2 Revenue Down 11%

Nu Skin Q2 2019

Nu Skin Enterprises, Inc. (NYSE: NUS) announced second-quarter 2019 results of $623.5 million, a decrease of 11 percent from $704.2 million in the second quarter of 2018. “As previously announced, our second-quarter results were negatively impacted by limited sales meetings, media scrutiny and consumer sentiment in Mainland China in connection with the recently completed 100-day review…

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NHT Global Q2 Revenue Down 54%

NHTC

Natural Health Trends Corp. (NHTC) announced revenue of $23.4 million for the second quarter ended June 30, 2019, a decrease of 54 percent from $50.9 million in Q2 2018. The company did, however, see revenue increase 21 percent compared to $19.3 million in the first quarter of 2019. “While we continued to face challenges in China…

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Stream Energy Closes Acquisition with NRG and Rebrands Direct Selling Business as Kynect

Stream has completed the previously announced sale of its retail energy business to NRG Retail LLC. The closing of the transaction between Stream, a leading direct selling company and marketer of energy and wireless services, and NRG Retail, a subsidiary of NRG Energy, Inc. (NYSE: NRG), follows the receipt of all required regulatory approvals. Kynect will be the…

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DD3, Betterware Enter into Definitive Agreement to Merge

DD3

DD3 Acquisition Corp. (Nasdaq: DDMX), a publicly traded special purpose acquisition company and Betterware de Mexico, a leading direct-to-consumer selling company in Mexico, announced today they have entered into a definitive agreement to merge. The combined company will operate as “Betterware” and is expected to remain publicly listed on Nasdaq. The transaction implies an initial enterprise value of…

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Medifast Reports Record Revenue in Q2

Medifast Q2

Medifast, Inc. (NYSE: MED) yesterday reported record revenue million for the second quarter ended June 30, 2019. Second quarter revenue increased 59.5 percent to $187.1 million from revenue of $117.3 million for the second quarter of 2018. OPTAVIA-branded products represented 75 percent of consumable units sold for the second quarter compared to 64 percent for the same period a year ago. The total…

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