NAI Posts $13.5M Q4 Loss, Flags Facility Impairment Charge
Natural Alternatives International reported a steep Q4 loss driven largely by a $10.4M non-cash write-down on its Carlsbad 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 said Monday.
The result compared unfavorably to a net loss of $7.2 million, or $1.20 per diluted share, recorded in the same quarter of the prior fiscal year, representing a roughly 88 percent widening of losses on a per-share basis.
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The primary driver of the deterioration was a one-time, non-cash impairment charge of $10.4 million tied to the underutilization of NAI's Carlsbad manufacturing facility. Stripping out that charge, the company's adjusted net loss for the quarter would have been $3.1 million, or $0.52 per diluted share — a meaningfully narrower shortfall that suggests core operating pressure, though at a more contained scale.
The impairment underscores a broader challenge facing contract supplement manufacturers: excess capacity at owned facilities can trigger costly write-downs when production volumes fall short of projections, affecting reported earnings even when underlying cash generation remains insulated from the charge.
NAI, which formulates, manufactures, and markets customized nutritional supplements, has not yet provided forward guidance alongside this preliminary release. Continue reading at GlobeNewswire - Earnings Releases And Operating Results.
