/PRNewswire-FirstCall/ -- Reliv International, Inc. (Nasdaq: RELV), a nutrition and direct selling company, today reported its fourth-quarter and full-year 2009 earnings. Earnings per share increased in the fourth quarter of 2009 compared to the same quarter in 2008.
Net sales for the fourth quarter of 2009 equaled
, a decline of 6.5 percent compared to the fourth quarter of 2008. Net sales in
the United States
for the fourth quarter of 2009 totaled
, a decline of 8.7 percent compared to the same quarter in 2008. Sales outside of the U.S. rose 9.6 percent in the quarter to
. Approximately 75 percent of the increase in international sales was due to foreign currency fluctuations.
Net income for the quarter more than tripled to
for the same period of 2008. Earnings per share increased from
$0.02 to $0.06
in the respective quarters. Both net income and earnings per share in the fourth quarter of 2008 were reduced by investment losses on a private equity fund and other investments.
Income from operations in the fourth quarter equaled
, a decline of 18.2 percent compared to the fourth quarter of 2008.
Net sales for 2009 were
in 2008. U.S. net sales in 2009 totaled
, down 12.1 percent compared to 2008 net sales. International net sales, at
, were down 19.2 percent in 2009 compared to 2008. Approximately 50 percent of the decrease was due to currency fluctuations.
Net income for 2009 equaled
per diluted share, compared to
per diluted share in 2008. Earnings per share in 2009 benefited from a significant repurchase of stock during the year. Earnings per share and net income in 2008, as noted above, were reduced by investment losses.
Net cash generated from operating activities in 2009 was
for 2008. Reliv had cash and cash equivalents of
Dec. 31, 2009
New distributor enrollments were up for both the fourth quarter and the full year of 2009. Quarterly enrollments rose nearly 19 percent compared to the fourth quarter of 2008. For 2009, new enrollments rose approximately 9.4 percent over sponsoring in 2008.