Natural Alternatives Announces Temporary Closure Of Its New Facility In Carlsbad, California; Expects Action To Have An Adverse Effect On Results Of Operations
Portfolio Pulse from Benzinga Newsdesk
Natural Alternatives International (NAI) has announced the temporary closure of its new facility in Carlsbad, California. The closure, which will begin in early October and last until the end of 2023, is expected to have a negative impact on the company's operations and financial condition, particularly in the last quarter of this year and possibly into early 2024.
August 16, 2023 | 8:22 pm
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NEGATIVE IMPACT
The temporary closure of Natural Alternatives International's new facility is expected to negatively impact the company's operations and financial condition, particularly in the last quarter of this year and possibly into early 2024.
The closure of the facility means a halt in production, which will likely lead to a decrease in revenues and potentially profits. This is expected to negatively impact the company's financial performance, particularly in the last quarter of this year and possibly into early 2024.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100