Olaplex Holdings, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 07, 2023 at 04:21 pm EST
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Olaplex Holdings, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 123.56 million compared to USD 176.45 million a year ago. Net income was USD 20.37 million compared to USD 60.76 million a year ago. Basic earnings per share from continuing operations was USD 0.03 compared to USD 0.09 a year ago. Diluted earnings per share from continuing operations was USD 0.03 compared to USD 0.09 a year ago.
For the nine months, sales was USD 346.58 million compared to USD 573.55 million a year ago. Net income was USD 47.49 million compared to USD 210.44 million a year ago. Basic earnings per share from continuing operations was USD 0.07 compared to USD 0.32 a year ago. Diluted earnings per share from continuing operations was USD 0.07 compared to USD 0.3 a year ago.
Olaplex Holdings, Inc. is a science-enabled, technology-driven beauty company. The Company focuses on improving the hair health of its consumers. Its product portfolio is comprised of about 17 complementary products specifically developed to provide a holistic regimen for hair health. Its products are offered through professional, specialty retail and direct-to-consumer (DTC) channels and are developed to address three key uses: treatment, maintenance, and protection. Its products have an ingredient, Bis-aminopropyl diglycol dimaleate (Bis-amino), which works on a molecular level to protect and repair hair from damage. Its hair health platform includes four products that can be purchased and applied only by professional hairstylists, namely No. 1 Bond Multiplier, No. 2 Bond Perfector, Olaplex 4-in-1 Moisture Mask, and Broad-Spectrum Chelating Treatment. The Company sells its products directly to consumers through its brand Website, Olaplex.com, and third-party e-commerce platforms.
OLAPLEX HOLDINGS, INC. 
