Hain Celestial granted financial reporting extension

Hain Celestial, parent company of organic poultry company Hain Pure Protein, has been given a waiver and extension to file its financial results. With the extension, the company will not be required to release its financial results until June 15, 2017.

"This waiver and extension from our bank group led by Bank of America Merrill Lynch and Wells Fargo, along with other bank members, continues to be supportive in the growth of our business and our long term partnership. We appreciate their continued support and confidence," Irwin D. Simon, founder, president and CEO of Hain Celestial, stated in a press release. "We remain well positioned to support our strategic operational growth objectives with our solid financial position."

Hain Celestial hasn't reported results for more than a year

It has been more than a year since Hain Celestial, which is traded on the NASDAQ exchange, has reported financial results. The last time Hain results were reported was in May 2016, when the company released its results for the third quarter of fiscal year 2016.

Three months later, the company announced that its results would be delayed as it had identified “concessions that were granted to certain distributors in the United States.

Hain Celestial announced in December 2016 that it had completed an independent review with external counsel, which showed no intentional wrongdoing on behalf of the company. However, in February 2017, it revealed that it was under investigation by the U.S. Securities and Exchange Commission.

Hain Celestial, in addition to being the parent company of Hain Pure Protein, is also a shareholder of Empire Kosher Poultry. Hain Celestial is headquartered in Lake Success, New York, but also has operations in Europe and India.