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Natural Alternatives International, Inc. Announces New and Expanded Credit Facility with Wells Fargo Bank


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CARLSBAD, Calif., May 27, 2021 /PRNewswire/ Natural Alternatives International, Inc. ( NAI ) (Nasdaq: NAII), a leading formulator, manufacturer and marketer of customized nutritional supplements, today announced the execution of a new and expanded credit facility with Wells Fargo Bank, NA ( Wells Fargo ).  This new credit facility replaces the previous facility and increases our borrowing capacity from $10 million to $20 million and allows us to use the credit line to not only support on-going working capital needs but also to facilitate potential future acquisitions.  The maturity date for the new facility has also been extended to May 24, 2024.
Mark A. Le Doux, Chairman and Chief Executive Officer of NAI stated, We are grateful for our long-standing relationship with Wells Fargo and we believe this new credit facility is made possible by our continued financial success and strong balance sheet.  While we don t have any cur ....

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Natural Alternatives: Fiscal Q3 Earnings Snapshot


Natural Alternatives: Fiscal Q3 Earnings Snapshot
by The Associated Press
Last Updated May 13, 2021 at 6:57 pm EDT
CARLSBAD, Calif. (AP) Natural Alternatives International Inc. (NAII) on Thursday reported fiscal third-quarter net income of $1.9 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Carlsbad, California-based company said it had profit of 30 cents.
The nutritional supplements manufacturer posted revenue of $46.3 million in the period.
Natural Alternatives shares have risen 38% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $14.60, more than doubling in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NAII at https://www.zacks.com/ap/NAII ....

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