The following are recent financial reports as posted by selected Utah corporations: 

Extra Space Storage 

Extra Space Storage Inc., based in Salt Lake City, reported funds from operations (FFO) attributable to common stockholders and unit holders of $179.7 million, or $1.30 per share, for the quarter ended Sept. 30. That compares with $170.6 million, or $1.23 per share, for the same quarter a year earlier.

The company reported net income attributable to common stockholders of $114.6 million, or 88 cents per share, which compares with $108 million, or 83 cents per share, for the year-earlier quarter.

Same-store revenues in the most recent quarter totaled $271.7 million, down from $276 million in the year-earlier quarter.

Extra Space Storage is a self-administered and self-managed real estate investment trust that owns and/or operates 1,906 self-storage stores in 40 states; Washington, D.C.; and Puerto Rico. It is the second-largest owner and/or operator of self-storage stores in the United States and is the largest self-storage management company in the nation.

“The storage sector experienced a number of tailwinds in the third quarter that benefited our earnings,” Joe Margolis, CEO, said in announcing the results. “Demand was healthy and vacates remained muted, resulting in strong occupancy and increased rental rates to new customers, offset by lower late fees and higher bad debt.

“These improved trends resulted in better-than-expected same-store performance, which together with contributions from our various external growth and balance sheet initiatives, resulted in solid third-quarter FFO growth of 5.6 percent. We recognize that future risks and uncertainties related to the pandemic and general macro-economic conditions may still impact future results; however, to date the impact has been less significant than previously anticipated.”

Nu Skin

Nu Skin Enterprises Inc., based in Provo, reported net income of $56.3 million, or $10.8 per share, for the quarter ended Sept. 30. That compares with $44 million, or 79 cents per share, for the same quarter a year earlier.

Revenue in the most recent quarter totaled $703.3 million, up from $589.9 million in the year-earlier quarter.

Nu Skin Enterprises is focused on consumer products, product manufacturing and controlled-environment agriculture technology. The NSE family of companies includes Nu Skin, which develops and distributes a line of beauty and wellness solutions through a global network of sales leaders; and Rhyz, a strategic investment arm that includes a collection of sustainable manufacturing and technology innovation companies.

“We continued to build momentum with accelerated results in the third quarter, as we generated revenue and earnings per share well above expectations,” Ritch Wood, CEO, said in announcing the results. “As we executed on our long-term strategy, we drove double-digit growth in both customers and sales leaders with revenue improvements in all but one reporting segment.”

Wood said the company is “benefiting from the current environment where more individuals are working from home and shopping online. Currently, approximately 90 percent of Nu Skin revenue is coming from digital transactions.”

Nature’s Sunshine

Nature’s Sunshine Products Inc., based in Lehi, reported net income of $7.2 million, or 34 cents per share, for the third quarter ended Sept. 30. That compares with $1.4 million, or 7 cents per share, for the same quarter a year earlier.

Net sales in the quarter totaled $100.3 million, up from $88.5 million in the year-earlier quarter.

Nature’s Sunshine Products markets and distributes nutritional and personal care products in more than 40 countries.

“Strong consumer demand and new product launches accelerated our momentum in the U.S. and China, while COVID-19-related restrictions eased in Korea and Latin American markets, allowing us to more fully deploy our revamped field fundamentals,” Terrence Moorehead, CEO, said in announcing the results.

“This combination resulted in the highest consolidated net sales quarter in our history, which flowed through to a more than four-fold increase in net income. The progress we have made with our transformation initiatives is only the beginning to unlocking the true potential of Nature’s Sunshine’s platform, and we believe we are taking the right steps to continue this momentum into the future.”

LifeVantage

LifeVantage Corp., based in Salt Lake city, reported net income of $2.5 million, or 17 cents per share, for the first quarter ended Sept. 30. That compares with $1.8 million, or 12 cents per share, for the same quarter a year earlier.

Revenue in the most recent quarter totaled $54.8 million, down from $56.2 million in the year-earlier quarter.

LifeVantage is engaged in the identification, research, development and distribution of nutraceutical dietary supplements and skin and hair care products.

“We continue to generate strong year-over-year growth in active distributors both in the U.S. and internationally, while revenue growth was negatively impacted by the timing of our Elite Academy events as last year’s Q1 event was not replicated this year,” Steve Fife, interim CEO and chief financial officer, said in announcing the results.

“However, we continue to drive strong adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) growth and nearly doubled adjusted EPS (earnings per share) on a year-over-year basis.”

Clarus

Clarus Corp., based in Salt Lake City, reported net income of $1.2 million, or 4 cents per share, for the third quarter ended Sept. 30. That compares with $3.5 million, or 11 cents per share, for the same quarter a year earlier.

Sales in the most recent quarter totaled $64.5 million, up from $60.2 million in the year-earlier quarter.

Clarus develops, manufactures and distributes outdoor equipment and lifestyle products focused on the climb, ski, mountain and sport markets. Its brands include Black Diamond, Sierra, Barnes, PIEPS and SKINourishment.

“As indicated in our pre-announcement, our third-quarter results showed the strength of our well-diversified brand portfolio,” John Walbrecht, president, said in announcing the results. “Black Diamond sales continued to improve and ended the third quarter down only 8 percent year-over-year, and sales for Sierra increased 135 percent to a record $15.1 million. These results were supported by our well-defined strategy of preserving brand equity while continuing to execute on our ‘innovate & accelerate’ playbook across our portfolio of brands.”

Pluralsight

Pluralsight Inc., based in Draper, reported a net loss of $27.4 million, or 24 cents per share, for the third quarter ended Sept. 30. That compares with a loss of $32.5 million, or 32 cents per share, for the same quarter a year earlier.

Revenue in the most recent quarter totaled $99.5 million, up from $82.6 million in the year-earlier quarter.

Pluralsight offers a technology skills and engineering management platform.

“We’re proud of the progress we made in the quarter while still in the midst of the COVID-19 pandemic,” Aaron Skonnard, co-founder and CEO, said in announcing the results. “We handily beat our revenue, earnings and cash expectations in Q3 and have raised our annual expectations for each.

“Q3 billings came in lighter than we expected, but we had strong participation and enthusiasm at our PS LIVE customer event in October. With the pipeline generated from PS LIVE and our new products and capabilities, we remain confident in our outlook.”

Superior Drilling Products

Superior Drilling Products Inc., based in Vernal, reported a net loss of $1.7 million, or 7 cents per share, for the third quarter ended Sept. 30. That compares with a loss of $418,000, or 2 cents per share, for the same quarter a year earlier.

Revenue in the most recent quarter totaled $1.5 million, down from $5 million in the year-earlier quarter.

The company designs and manufactures drilling tool technologies.

The company said market conditions hit a low point with the August U.S. rig count reaching a low point due to the initial impacts of COVID-19 and the geopolitically driven imbalance of supply and demand in the global oil market.

“We are taking measures to provide for liquidity while keeping our sights on the long term,” Troy Meier, chairman and CEO, said in announcing the results. “Importantly, our results demonstrate that the value of our Drill-N-Ream well bore conditioning tool has been gaining traction internationally even against the temporary headwinds of current industry conditions.”

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