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Natural Alternatives International, Inc. (NAII) Reports Results for the Fourth Quarter of Fiscal 2010

Natural Alternatives International, Inc. reported a decline in net income on a year over year basis in the fourth quarter of fiscal 2010. The company said the lower net income was due to a decline in sales, higher expenses and increased foreign currency exchange losses.

Natural Alternatives International, Inc. said that net income from continuing operations in the fourth quarter of fiscal 2010 ending 6/30/2010 was $218,000, or $0.03 per diluted share. The company earned net income of $1.2 million, or $0.17 per diluted share, in the fourth quarter of fiscal 2009.

Natural Alternatives International, Inc. also had a year over year decline in sales in the fourth quarter of fiscal 2010. The company reported net sales from continuing operations of $14.4 million compared to $19.4 million in the same quarter in 2009.

The management of Natural Alternatives International, Inc. attributed the decline in sales to lower orders of the company’s products from two large customers. Natural Alternatives International, Inc. said that the lower sales led to higher costs per unit during the manufacturing process. The company also suffered from unfavorable exchange rate movements during the quarter.

Natural Alternatives International, Inc. formulates and manufactures nutritional supplements.

For more information on the company, go to nai-online.com

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