Natural Alternatives Registers 3.5% Sales Decline In Q1

  • Natural Alternatives International Inc NAII reported first-quarter FY22 sales of $38.34 million, a decline of 3.5% year-on-year.
  • Private-label contract manufacturing sales decreased 9.3% Y/Y to $33.6 million primarily due to a 45% decrease in sales to its largest customer primarily associated with their European markets.
  • The gross profit rose 37.9% Y/Y to $8.3 million, with the margin expanding 650 basis points to 21.6%.
  • The operating margin expanded 580 basis points to 11%, and operating income for the quarter rose 102.8% to $4.2 million.
  • The company held $20 million in cash and equivalents as of September 30, 2021.
  • EPS of $0.51 versus $0.35 in Q1 FY21.
  • Sales backlog for the quarter exceeded $8.0 million and was primarily related to supply chain and logistical constraints.
  • Outlook: Natural Alternatives sees FY22 net sales to increase 7.0% - 10.0%.
  • The company expects supply chain and manufacturing challenges to resolve during the second half of fiscal 2022.
  • Price Action: NAII shares closed higher by 2.86% at $13.65 on Tuesday.
Market News and Data brought to you by Benzinga APIs
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsGuidanceBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!