NAI Posts $13.5M Quarterly Loss, Cites Facility Impairment Charge
Natural Alternatives International swung to a deeper loss in Q4 fiscal 2026, driven by a $10.4M non-cash write-down of its California plant.
Natural Alternatives International, Inc. (Nasdaq: NAII) reported a net loss of $13.5 million, or $2.23 per diluted share, on net sales of $34.5 million for the fourth quarter of fiscal year 2026, the Carlsbad, California-based nutritional supplements maker disclosed Monday.
The results deteriorated sharply from the same period a year earlier, when the company posted a net loss of $7.2 million, or $1.20 per diluted share. The widening gap was largely attributable to a one-time, non-cash impairment charge of $10.4 million tied to the underutilization of NAI's Carlsbad manufacturing facility.
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Stripping out that non-recurring charge, the adjusted net loss for the quarter would have been $3.1 million, or $0.52 per diluted share — a figure that more closely tracks the underlying operating performance of the contract supplement manufacturer. The impairment reflects broader pressure on production capacity utilization, a metric that has drawn growing scrutiny across the contract manufacturing sector.
NAI describes itself as a leading formulator, manufacturer, and marketer of customized nutritional supplements. The company has not yet provided forward guidance alongside this earnings release. Investors will likely focus on whether management can improve facility throughput to avoid further write-downs in coming quarters.
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