- Natural Alternatives International Inc (NASDAQ:NAII) reported fourth-quarter FY21 sales growth of 26.5% year-on-year, to $44.4 million.
- The private-label contract manufacturing sales rose 21.2% Y/Y. The increase in contract manufacturing sales was driven by higher sales of immune and wellness products.
- Gross profit climbed 21.4% Y/Y to $7.9 million, with the margin contracting 70 basis points to 17.9%.
- The operating margin was 7.9%, and operating income for the quarter rose 68.7% to $3.5 million.
- EPS of $0.47 increased 74% Y/Y.
- Natural Alternatives held $32.1 million in cash and equivalents as of June 30, 2021.
- The company expects some challenges related to supply chain and staffing in 1H and the manufacturing challenges to be substantially resolved during 2H of FY22.
- Outlook: Natural Alternatives sees FY22 sales growth of 5.0% – 10.0% from FY21.
- Price Action: NAII shares closed lower by 4.76% at $14.20 on Monday.
‘Lightning eMotors completes Colorado facility expansion, doubles production capacity, and shares manufacturing video’ -Electrek Report
https://electrek.co/2022/02/24/lightning-emotors-completes-colorado-facility-expansion-doubles-production-capacity-and-shares-manufacturing-video/
