NATURES SUNSHINE PRODUCTS INC
For the period ended Jun 30, 2025. Filed Jul 31, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Jul 31, 2025
NATR$10.87+5.9%Stored close · as of Nov 6, 2026
What changed in Management’s Discussion and Analysis?
Read the current filingPrevious report: 10-Q
Period ended 2025-03-31; filed 2025-05-06.
0001628280-25-022765
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsCurrent report: 10-Q
Period ended 2025-06-30; filed 2025-07-31.
0001628280-25-037065
Item 2. Management’s Discussion and Analysis of Financial Condition and Results of OperationsThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 91 previous paragraphs and 98 current paragraphs.
59 unchanged; 28 reworded; 9 added; 4 removed; 0 previous and 2 current paragraphs rearranged.
Tables are not compared: 3 previous and 5 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Added paragraphs (9)
Current report
Second Quarter Performance
Current report
China Joint Ventures
Current report
On June 30, 2025, the Company entered into share purchase agreements with Fosun Industrial Co., Ltd. (“Fosun Industrial” an affiliate of Fosun Pharma) to purchase Fosun Industrial’s interest in the Company's two joint ventures, Nature’s Sunshine Hong Kong Limited and Shanghai Nature’s Sunshine Health Products Co., Ltd., for cash consideration in the amount of $3.9 million and $3.1 million, respectively. The joint venture repurchases are subject to customary closing conditions, including making applicable regulatory submissions to the People’s Republic of China (“PRC”) State Administration for Market Regulation and submitting required applications to the PRC Ministry of Commerce.
Current report
Tariffs
Current report
While we have not seen a material price increase as a result of tariffs and tariff speculation, we continue to monitor the additional pressure that tariff-related price increases may have. In addition, we are monitoring other effects of tariffs on our business, including the price, availability and quality of raw materials and other ingredients. While we expect higher tariffs to impact our costs in 2025, we do not expect the impact to be material.
Current report
In our Taiwan market, net sales increased $0.4 million and $2.5 million, or 2.6 percent and 7.8 percent, for the three and six months ended June 30, 2025, respectively, compared to the same periods in 2024. In local currencies, net sales for the three and six months ended June 30, 2025 decreased 2.9 percent and increased 7.6 percent, respectively, compared to the same periods in 2024. Net sales in local currency decreased for the three months ended June 30, 2025 due to slowing enrollments and consultant engagement. The increase in net sales for the six months ended June 30, 2025 was primarily the result of an increase in active consultants and total orders in the first quarter.
Current report
Selling, general and administrative expenses increased $5.1 million and $4.9 million, respectively, to $43.7 million and $84.2 million for the three and six months ended June 30, 2025, respectively, compared to the same periods in 2024. Selling, general and administrative expenses were 38.1 percent and 37.0 percent of net sales for the three and six months ended June 30, 2025, compared to 34.9 percent and 35.8 percent for the same periods in 2024. The increase was primarily related to the timing of compensation costs, incremental investment in digital marketing and other non-recurring expenses.
Current report
Other Income (Loss), Net
Current report
On July 4, 2025, the President of the United States signed into law the One Big Beautiful Bill Act. The legislation, among other things, makes permanent, extends, or modifies certain provisions under the 2017 Tax Cuts and Jobs Act, including modifications to the international tax framework. Pursuant to ASC Topic 740, Income Taxes, the effects of changes in tax law are recognized in the period of enactment. As such, the impacts of this legislation are not reflected in our results for the three and six months ended June 30, 2025. We are currently evaluating the full impact of this new legislation on our consolidated financial statements.
Removed paragraphs (4)
Previous report
First Quarter Performance
Previous report
In our Taiwan market, net sales increased $2.1 million, or 13.1 percent, for the three months ended March 31, 2025, compared to the same period in 2024. In local currencies, net sales for the three months ended March 31, 2025, increased 18.4 percent, compared to the same period in 2024. We attribute the growth in net sales to strong growth in consultant activity and effective product promotions.
Previous report
Selling, general and administrative expenses decreased $0.2 million to $40.6 million for the three months ended March 31, 2025, compared to the same period in 2024. Selling, general and administrative expenses were 35.8 percent and 36.7 percent of net sales for the three months ended March 31, 2025 and 2024. The decrease was primarily related to the streamlining of our global overhead expenses and reduced service fees due to China's lower net sales.
Previous report
Other Income, Net
Reworded paragraphs (28)
Previous wording
In the first quarter of 2025, we experienced an increase in our consolidated net sales of 2.0 percent (or 4.5 percent in local currencies) compared to the same period in 2024. Asia net sales increased approximately 5.3 percent (or 10.1 percent in local currencies) compared to the same period in 2024. Europe net sales increased approximately 8.2 percent (or 8.6 percent in local currencies) compared to the same period in 2024. North America net sales decreased approximately 4.1 percent (or 3.7 percent in local currencies) compared to the same period in 2024. Latin America and Other net sales decreased approximately 8.2 percent (or 3.7 percent in local currencies) compared to the same period in 2024. The strengthening of the U.S. dollar versus the local currencies, primarily in our Asian markets, resulted in an approximate 2.5 percent, or $2.7 million, decrease of our net sales during the quarter.
Current wording
In the second quarter of 2025, we experienced an increase in our consolidated net sales of 3.8 percent (or 2.2 percent in local currencies) compared to the same period in 2024. Asia net sales increased approximately 5.4 percent (or 2.3 percent in local currencies) compared to the same period in 2024. Europe net sales increased approximately 0.6 percent (or decreased 1.6 percent in local currencies) compared to the same period in 2024. North America net sales increased approximately 4.2 percent (or 4.3 percent in local currencies) compared to the same period in 2024. Latin America and Other net sales decreased approximately 0.6 percent (or increased 2.8 percent in local currencies) compared to the same period in 2024. The strengthening of the local currencies versus the U.S. dollar, primarily in our Asian and European markets, resulted in an approximate 1.6 percent, or $1.8 million, increase of our net sales during the quarter.
Previous wording
Cost of sales decreased $0.4 million during the three months ended March 31, 2025, compared to the same period in 2024, and as a percentage of net sales were 27.9 percent and 28.8 percent for the three months ended March 31, 2025 and 2024, respectively. The decrease in cost of sales percentage is primarily due to price increases and the effects of our cost savings initiatives.
Current wording
Cost of sales increased $0.8 million during the three months ended June 30, 2025, compared to the same period in 2024, and as a percentage of net sales were 28.3 percent and 28.6 percent for the three months ended June 30, 2025 and 2024, respectively. The decrease in cost of sales percentage is primarily due to cost savings initiatives, partially offset by unfavorable foreign exchange and market mix.
Previous wording
In absolute terms, selling, general and administrative expenses decreased $0.2 million during the three months ended March 31, 2025, compared to the same period in 2024, and as a percentage of net sales were 35.8 percent and 36.7 percent for the three months ended March 31, 2025 and 2024, respectively. The decrease was primarily related to the streamlining of our global overhead expenses and reduced service fees due to China's lower net sales.
Current wording
In absolute terms, selling, general and administrative expenses increased $5.1 million during the three months ended June 30, 2025, compared to the same period in 2024, and as a percentage of net sales were 38.1 percent and 34.9 percent for the three months ended June 30, 2025 and 2024, respectively. The increase was primarily related to the timing of compensation costs, incremental investment in digital marketing and other non-recurring expenses.
Previous wording
On February 24, 2022, Russian forces launched significant military action against Ukraine. There continues to be sustained conflict and disruption in the region, which is expected to endure for the foreseeable future. Our consultants in our Eastern Europe market, a market within our Europe business segment that includes Russia, Ukraine, Belarus and other Common Independent States in the region, continue to operate their independent businesses, albeit at a reduced level than prior to the start of the conflict. We expect that this will continue to impact our business for the foreseeable future. We will continue monitoring the social, political, regulatory and economic environment in Ukraine and Russia and will consider further actions as appropriate.
Current wording
On February 24, 2022, Russian forces launched significant military action against Ukraine. There continues to be sustained conflict and disruption in the region, which is expected to endure for the foreseeable future. Our consultants in our Russia and Other market, a market within our Europe business segment that includes Russia, Ukraine, Belarus and other Common Independent States in the region, continue to operate their independent businesses, albeit at a reduced level than prior to the start of the conflict. We expect that this will continue to impact our business for the foreseeable future. We will continue monitoring the social, political, regulatory and economic environment in Ukraine and Russia and will consider further actions as appropriate.
Previous wording
Net sales related to Eastern Europe for the three months ended March 31, 2025 and 2024, were $15.8 million and $14.7 million, respectively. Operating income related to Eastern Europe for the three months ended March 31, 2025 and 2024, were $1.4 million and $1.6 million, respectively. As of March 31, 2025, Eastern Europe had assets of $6.6 million net of working capital reserves related to inventories.
Current wording
Net sales related to Eastern Europe for the three and six months ended June 30, 2025 were $13.5 million and $29.3 million, respectively, compared to $14.2 million and $28.9 million for the same periods in 2024. Operating income related to Eastern Europe for the three and six months ended June 30, 2025 was $1.0 million and $2.4 million, respectively, compared to $0.8 million and $2.3 million for the same periods in 2024. As of June 30, 2025, Eastern Europe had assets of $6.0 million net of working capital reserves related to inventories.
Previous wording
Consolidated net sales for the three months ended March 31, 2025 and 2024, were $113.2 million and $111.0 million, respectively, which represents an increase of 2.0 percent. The increase was primarily related to product sales increases in our Asia and Europe operating segments. Excluding the impact of foreign currency exchange rate fluctuations, consolidated net sales for the three months ended March 31, 2025 increased 4.5 percent from the same period in 2024.
Current wording
Consolidated net sales for the three and six months ended June 30, 2025, were $114.8 million and $228.0 million, respectively, compared to $110.6 million and $221.5 million for the same period in 2024, which represents an increase of 3.8 percent and 2.9 percent, respectively. The increase for the three months ended June 30, 2025 was primarily related to product sales increases in our Asia and North America operating segments. Excluding the impact of foreign currency exchange rate fluctuations, consolidated net sales for the three and six months ended June 30, 2025 increased 2.2 percent and 3.3 percent, respectively, from the same periods in 2024.
Previous wording
Net sales related to Asia for the three months ended March 31, 2025 and 2024, were $48.7 million and $46.2 million, respectively, or an increase of 5.3 percent. In local currency, net sales for the three months ended March 31, 2025, increased 10.1 percent, compared to the same period in 2024.
Current wording
Net sales related to Asia for the three and six months ended June 30, 2025 were $52.7 million and $101.3 million, respectively, compared to $50.0 million and $96.2 million for the same periods in 2024, or an increase of 5.4 percent and 5.3 percent, respectively. In local currency, net sales for the three and six months ended June 30, 2025 increased 2.3 percent and 6.0 percent, respectively, compared to the same periods in 2024.
Previous wording
In our Japan market, net sales increased $1.9 million, or 20.3 percent, for the three months ended March 31, 2025, compared to the same period in 2024. In local currencies, net sales for the three months ended March 31, 2025, increased 23.7 percent, compared to the same period in 2024. The increase in net sales was primarily the result of strong customer acquisition driving an increase in total orders.
Current wording
In our Japan market, net sales increased $3.5 million and $5.4 million, or 36.0 percent and 28.4 percent, for the three and six months ended June 30, 2025, respectively, compared to the same periods in 2024. In local currencies, net sales for the three and six months ended June 30, 2025 increased 26.9 percent and 25.4 percent, respectively, compared to the same periods in 2024. The increase in net sales was primarily the result of strong customer acquisition driving an increase in total orders and average order size.
Previous wording
In our South Korea market, net sales decreased $0.8 million, or 7.2 percent, for the three months ended March 31, 2025, compared to the same period in 2024. In local currency, net sales for the three months ended March 31, 2025, increased 1.4 percent, compared to the same period in 2024. Net sales in local currency increased due to an increase in average order value.
Current wording
In our South Korea market, net sales decreased $0.9 million and $1.8 million, or 6.8 percent and 7.0 percent, for the three and six months ended June 30, 2025, respectively, compared to the same periods in 2024. In local currency, net sales for the three and six months ended June 30, 2025 decreased 4.5 percent and 1.8 percent, respectively, compared to the same periods in 2024. The decrease in net sales was primarily the result of challenging macroeconomic factors.
Previous wording
In our China market, net sales decreased $0.6 million, or 6.9 percent, for the three months ended March 31, 2025, compared to the same period in 2024. In local currencies, net sales for the three months ended March 31, 2025, decreased 5.8 percent, compared to the same period in 2024. The decrease in net sales was primarily the result of challenging macroeconomic factors.
Current wording
In our China market, net sales were flat for the three months ended June 30, 2025, compared to the same period in 2024. Net sales for the six months ended June 30, 2025 were $0.6 million, or down 3.4 percent, compared to the same period in 2024. In local currencies, net sales for the three and six months ended June 30, 2025 decreased 0.1 percent and 2.8 percent, respectively, compared to the same periods in 2024. The decrease in net sales was primarily the result of challenging macroeconomic factors.
Previous wording
Net sales related to Europe for the three months ended March 31, 2025 and 2024, were $24.1 million and $22.3 million, respectively, or an increase of 8.2 percent. In local currency, net sales for the three months ended March 31, 2025, increased 8.6 percent, compared to the same period in 2024. The functional currency for many of these markets is the U.S. dollar which reduces the effect from foreign currency fluctuations. Fluctuations in foreign currency exchange rates had unfavorable impacts on net sales of $0.1 million for the three months ended March 31, 2025. We attribute the increase in net sales in local currency primarily due to improved customer acquisition.
Current wording
Net sales related to Europe for the three and six months ended June 30, 2025 were $21.7 million and $45.9 million, respectively, compared to $21.6 million and $43.9 million for the same periods in 2024, or increases of 0.6 percent and 4.5 percent, respectively. In local currency, net sales for the three and six months ended June 30, 2025 decreased 1.6 percent and increased 3.6 percent, respectively, compared to the same periods in 2024. The functional currency for many of these markets is the U.S. Dollar which reduces the effect from foreign currency fluctuations. Fluctuations in foreign currency exchange rates had favorable impacts on net sales of $0.5 million and $0.4 million for the three and six months ended June 30, 2025, respectively. Net sales in local currency decreased for the three months ended June 30, 2025 due to the timing of price increases. The increase in net sales for the six months ended June 30, 2025 was primarily the result of improved customer acquisition.
Previous wording
Net sales related to North America for the three months ended March 31, 2025 and 2024, were $35.0 million and $36.5 million, respectively, or a decrease of 4.1 percent. In local currency, net sales for the three months ended March 31, 2025, decreased 3.7 percent, compared to the same period in 2024.
Current wording
Net sales related to North America for the three and six months ended June 30, 2025 were $35.0 million and $70.0 million, respectively, compared to $33.6 million and $70.1 million for the same periods in 2024, or increased 4.2 percent and decreased 0.1 percent, respectively. In local currency, net sales for the three and six months ended June 30, 2025 increased 4.3 percent and 0.1 percent, respectively, compared to the same periods in 2024.
Previous wording
In the United States, net sales for the three months ended March 31, 2025, decreased $1.2 million, or 3.6 percent, compared to the same period in 2024. The decrease was primarily due to lower customer acquisition and fewer total orders.
Current wording
In the United States, net sales for the three and six months ended June 30, 2025 increased $1.7 million and $0.5 million, or 5.6 percent and 0.8 percent, respectively, compared to the same periods in 2024. The increase was primarily due to improved customer acquisition through our digital channels as well as stabilization of our core business.
Previous wording
Net sales related to Latin America and Other markets for the three months ended March 31, 2025 and 2024, were $5.5 million and $6.0 million, respectively, or a decrease of 8.2 percent. In local currency, net sales for the three months ended March 31, 2025, decreased 3.7 percent, compared to the same period in 2024. Fluctuations in foreign currency had unfavorable impacts on net sales of $0.3 million for the three months ended March 31, 2025.
Current wording
Net sales related to Latin America and Other markets for the three months ended June 30, 2025 remained flat compared to the same period in 2024, at $5.4 million. For the six months ended June 30, 2025 and 2024, net sales were $10.8 million and $11.4 million, respectively, or a decrease of 4.6 percent. In local currency, net sales for the three and six months ended June 30, 2025 increased 2.8 percent and decreased 0.6 percent, respectively, compared to the same periods in 2024. Fluctuations in foreign currency had unfavorable impacts on net sales of $0.2 million and $0.5 million for the three and six months ended June 30, 2025, respectively.
Previous wording
Cost of sales as a percent of net sales was 27.9 percent and 28.8 percent for the three months ended March 31, 2025 and 2024, respectively. The decrease in cost of sales percentage is primarily due to price increases and the effects of our cost savings initiatives.
Current wording
Cost of sales as a percent of net sales was 28.3 percent and 28.1 percent for the three and six months ended June 30, 2025, compared to 28.6 percent and 28.7 percent for the same periods in 2024. The decrease in cost of sales percentage is primarily due to cost savings initiatives, partially offset by unfavorable foreign exchange and market mix.
Previous wording
Volume incentives expense as a percent of net sales was 30.8 percent and 30.2 percent for the three months ended March 31, 2025 and 2024, respectively. The increase was primarily due to the timing of promotional incentives and changes in market mix. These payments are designed to provide incentives for reaching certain sales levels. Volume incentives vary slightly, on a percentage basis, by product due to pricing policies and commission plans in place in our various geographies. We do not pay volume incentives in China, instead we pay independent service fees which are included in selling, general and administrative expenses.
Current wording
Volume incentives expense as a percent of net sales was 29.9 percent and 30.4 percent for the three and six months ended June 30, 2025, respectively, compared to 31.4 percent and 30.8 percent for the same periods in 2024. The decrease was primarily due to timing of promotional incentives and changes in product pricing and market mix. These payments are designed to provide incentives for reaching certain sales levels. Volume incentives vary slightly, on a percentage basis, by product due to pricing policies and commission plans in place in our various geographies. We do not pay volume incentives in China, instead we pay independent service fees which are included in selling, general and administrative expenses.
Previous wording
Other income, net, for the three months ended March 31, 2025 and 2024, was $0.9 million and $31,000, respectively. Other income, net for the three months ended March 31, 2025 primarily consisted of foreign exchange gains that resulted from net changes in foreign currencies.
Current wording
Other income (loss), net, for the three and six months ended June 30, 2025, was income of $3.3 million and $4.2 million, respectively, compared to losses of $1.2 million and $1.2 million during the same periods in 2024, respectively. Other income (loss), net for the three and six months ended June 30, 2025 primarily consisted of foreign exchange gains in Asia and Europe, partially offset by foreign exchange losses in Latin America, that resulted from net changes in foreign currencies.
Previous wording
For the three months ended March 31, 2025 and 2024, our provision for income taxes, as a percentage of income before income taxes was 31.3 percent and 46.5 percent, respectively, compared with a U.S. federal statutory rate of 21.0 percent.
Current wording
For the three months ended June 30, 2025 and 2024, our provision for income taxes, as a percentage of income before income taxes was 26.8 percent and 66.4 percent, respectively, compared with a U.S. federal statutory rate of 21.0 percent. For the six months ended June 30, 2025 and 2024, our provision for income taxes, as a percentage of income before income taxes was 29.0 percent and 56.2 percent, respectively, compared with a U.S. federal statutory rate of 21.0 percent.
Previous wording
The difference between the effective tax rate and the U.S. federal statutory tax rate for the three months ended March 31, 2024, was primarily attributed to operations in foreign countries which are treated as a branch for US tax purposes and current year foreign losses that presently do not provide future tax benefit.
Current wording
The difference between the effective tax rate and the U.S. federal statutory tax rate for the three and six months ended June 30, 2025, was primarily attributed to operations in certain foreign countries which are treated as a branch for U.S. tax purposes, partially offset by favorable adjustments to deferred tax assets, foreign derived intangible income deduction and foreign tax credits.
Previous wording
The difference between the effective tax rate and the U.S. federal statutory tax rate for the three months ended March 31, 2025, was primarily attributed to operations in certain foreign countries which are treated as a branch for US tax purposes and current year foreign losses that presently do not provide future tax benefit, partially offset by adjustments to foreign tax credits and valuation allowances.
Current wording
The difference between the effective tax rate and the U.S. federal statutory tax rate for the three and six months ended June 30, 2024, was primarily attributed to operations in foreign countries which are treated as a branch for U.S. tax purposes and foreign losses which do not provide future tax benefit, partially offset by foreign tax credits.
Previous wording
The difference between the effective tax rate for the three months ended March 31, 2025, compared to March 31, 2024, is primarily caused by adjustments to foreign tax credits and valuation allowances in the current period.
Current wording
The difference between the effective tax rate for the three and six months ended June 30, 2025, compared to June 30, 2024, is primarily caused by a decrease in foreign losses year over year that presently do not provide future tax benefit, adjustments to deferred tax assets and reserves for uncertain tax positions which were recorded in the prior period but do not repeat in the current period.
Previous wording
See Note 7, Segment Information, for a summary of the U.S. dollar amounts from the sale of general health, immune, cardiovascular, digestive, personal care and weight management products for the three months ended March 31, 2025 and 2024, by business segment.
Current wording
See Note 7, Segment Information, for a summary of the U.S. dollar amounts from the sale of general health, immune, cardiovascular, digestive, personal care and weight management products for the three and six months ended June 30, 2025 and 2024, by business segment.
Previous wording
Our principal use of cash is to pay for operating expenses, including volume incentives, inventory and raw material purchases, capital assets and funding of international expansion. As of March 31, 2025, working capital was $100.0 million, compared to $94.9 million as of December 31, 2024. At March 31, 2025, we had $86.5 million in cash, of which $8.0 million was held in the U.S. and $78.5 million was held in foreign markets and may be subject to various withholding taxes and other restrictions related to repatriation before becoming available to be used along with the normal cash flows from operations to fund any unanticipated shortfalls in future cash flows.
Current wording
Our principal use of cash is to pay for operating expenses, including volume incentives, inventory and raw material purchases, capital assets, digital investments and funding of international expansion. As of June 30, 2025, working capital was $96.0 million, compared to $94.9 million as of December 31, 2024. At June 30, 2025, we had $81.3 million in cash, of which $8.8 million was held in the U.S. and $72.5 million was held in foreign markets and may be subject to various withholding taxes and other restrictions related to repatriation before becoming available to be used along with the normal cash flows from operations to fund any unanticipated shortfalls in future cash flows.
Previous wording
Our unaudited net consolidated cash inflows (outflows) are as follows (in thousands):
Current wording
Our net consolidated cash inflows (outflows) are as follows (in thousands):
Previous wording
For the three months ended March 31, 2025, operating activities provided cash of $2.6 million, compared to $2.2 million in the same period in 2024. Operating cash flows increased primarily due to the timing of payments for accrued liabilities and accrued volume incentives and service fees, partially offset by increases in inventories.
Current wording
For the six months ended June 30, 2025, operating activities provided cash of $6.9 million, compared to $3.5 million in the same period in 2024. Operating cash flows increased primarily due to improved net income and the timing of payments for accrued liabilities, lease liabilities and prepaid expenses, partially offset by an increase in inventories.
Previous wording
For the three months ended March 31, 2025, investing activities used $1.1 million, compared to $3.7 million for the same period in 2024, which consisted of capital expenditures related to the purchase of equipment, computer systems and software.
Current wording
For the six months ended June 30, 2025, investing activities used $2.5 million, compared to $7.0 million for the same period in 2024, which consisted of capital expenditures related to the purchase of equipment, computer systems and software.
Previous wording
For the three months ended March 31, 2025, financing activities used $0.7 million, compared to provided cash of $0.1 million for the same period in 2024.
Current wording
For the six months ended June 30, 2025, financing activities used $12.9 million, compared to $8.3 million for the same period in 2024.
Previous wording
During the three months ended March 31, 2025, we used cash to repurchase 38,000 shares of our common stock under the share repurchase program for $0.5 million. At March 31, 2025, the remaining balance available for repurchases under the program was $8.3 million.
Current wording
During the six months ended June 30, 2025, we used cash to repurchase 1,011,000 shares of our common stock under the share repurchase program for $12.4 million. On May 6, 2025 we announced an amendment to the share repurchase program allowing the repurchase of an additional $25.0 million in common shares. At June 30, 2025, the remaining balance available for repurchases under the program was $21.4 million.
Rearranged current paragraphs (2)
Current report — wording carried from elsewhere
The following table summarizes our unaudited consolidated operating results from continuing operations in U.S. dollars and as a percentage of net sales for the six months ended June 30, 2025 and 2024 (dollar amounts in thousands):
Current report — wording carried from elsewhere
The following table summarizes the changes in net sales by operating segment with a reconciliation to net sales excluding the impact of currency fluctuations for the six months ended June 30, 2025 and 2024 (dollar amounts in thousands):