other material
confidence high
sentiment positive
materiality 0.50
NAI increases stock repurchase plan by $3M to $18M
NATURAL ALTERNATIVES INTERNATIONAL INC
- Board authorized $3.0M increase to stock repurchase plan, bringing total to $18M.
- 1.9M shares purchased to date; 237,000 shares bought since Sept 30, 2021.
- Average purchase price under the plan is less than $8 per share.
- New Carlsbad manufacturing facility expected fully operational by Fall 2022.