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Natural Alternatives International fiscal Q1 profit climbs YOY

Natural Alternatives International Inc. said its normalized net income for the fiscal first quarter ended Sept. 30 was 21 cents per share, a gain from 7 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $1.4 million, a gain from $501,880 in the prior-year period.

The normalized profit margin rose to 6.4% from 2.7% in the year-earlier period.

Total revenue rose 15.5% on an annual basis to $21.6 million from $18.7 million, and total operating expenses climbed 7.8% year over year to $19.4 million from $18.0 million.

Reported net income rose from the prior-year period to $1.2 million, or 18 cents per share, from $481,180, or 7 cents per share.