Stock News

Weider Nutrition Intl. (WNI) earned $1.71 million or $.07/share on $67.95 million in sales in its 1Q99 ended Aug. 31. Results are up from 1Q98 when WNI earned $1.69 million or $.07/share on $53.52 million in sales. The company will sell its Irwindale, CA, capsule and tablet manufacturing facility and consolidate operations in its Salt Lake City facility.

AMBI Inc. (AMBI) said revenues for FY98 ended June 30 were $20.8 million, up 84% from $11.3 million in FY97. Net income was $1.1 million or a $.04/share loss, compared to an FY97 net loss of $6.8 million or $.38/share diluted. Revenues for 4Q98 were $6.4 million as compared to $900,000 in 4Q97.

Nature’s Sunshine Products (NATR) said 3Q98 sales were a record $73.5 million compared to $71.6 million in 3Q97, an increase of 3%. Net income increased 12% to $6.1 million or $.33/share from $5.4 million or $.29/share last year. NATR will buy back 500,000 shares of its common stock, a repurchase authorized in January.

Boiron SA, a French maker of homeopathic medicines, said its first-half profit rose 19% and predicted it would post record earnings of Fr90 million this year. Profit rose to Fr3 million, or about $5.8 million, from Fr27.7 million a year earlier. Foreign sales, especially to the U.S., Poland and Italy, rose 18.5% last year.

Organic Food Products Inc. (OFPI) received a commitment from Finova Capital Corp. (FNV) of Phoenix for a $3.5 million credit facility. The company recorded a loss of $4.62 million or $.69/share on record revenues of $12.3 million for FY98 ended June 30. Revenues grew 8% from $11.38 million in FY97, while earnings fell from the prior year’s $55,000 profit. Loss from operations was $878,000 or $.13/share before one-time charges of $3.5 million.

Chattem Inc. (CHTT) announced record 3Q98 results. Net sales increased 74% to $67.6 million from $38.91 million in 3Q97, while net income increased 56% to $4.44 million or $.45/share from $2.85 million or $.31/share in 3Q97.

Rexall Sundown Inc. (RXSD) earned $20.62 million or $.28/share in its 4Q98, compared to $11.38 million or $.16/share in 4Q97. Sales increased to $153.55 million from $88.58 million. For the year, Rexall earned $69.23 million or $.94/share on $530.74 million in sales, up from $37.18 million or $.53/share on $290.62 million in FY97 sales. RXSD authorized a $100 million share repurchase program.

Opta Food Ingredients Inc. (OPTS) said 3Q98 revenue increased 87% to a record $4.1 million from $2.2 million in 3Q97. Net loss was $488,000 or $.04/share compared with a $971,000 or $.09/share loss for 3Q97.

NBTY Inc. (NBTY) increased sales 27% to $148 million in its 4Q98 ended Sept. 30, up from $117 million in 4Q97. Sales for FY98 increased 61% to $573 million from $356 million in FY97.

Gardenburger Inc. (GBUR) said it increased sales 103% to a record $32.6 million in its 3Q98 ended Sept. 30, from $16.07 million in 3Q97. Net income was $182,000 or $.02/share, up from a loss of $644,000 or $.07/share in 3Q97.

Paracelsian Inc. (PRLN) began trading on the Nasdaq OTC Bulletin Board system after de-listing from the Nasdaq Small-cap system.

Pure World Inc. (PURW) said revenue for its 3Q98 was $6.59 million with net income of $1.53 million or $.18/share diluted, compared to revenue of $3.61 million and net income of $912,000 or $.11/share diluted for 3Q97. PURW voted to repurchase up to 300,000 shares of its common stock.

Galaxy Foods Co. (GALX) announced preliminary results for its 2Q98. Record net income of $447,502 compares to $125,392 a year earlier. Net sales were $7.6 million as compared to $5 million a year ago. Gross margins were 31.1%, up from 24.9% a year earlier.

Monterey Pasta Co. (PSTA) said revenues in its 3Q98 increased 29% to $6.71 million, compared to $5.2 million for 3Q97. Net income increased 107% to $569,000 compared to $275,000 for 3Q97 before dividends of $101,000. Diluted EPS increased to $.05/share compared to $.02/share for 3Q97.

Carrington Laboratories Inc. (CARN) said revenues for its 3Q98 were $6 million compared to $6.2 million a year earlier. Net income was $101,000 or $.01/share, compared to a net income of $463,000 or $.05/share in 3Q97.

PDK Labs Inc. (PDKL) achieved $16.41 million in sales in its 3Q98, compared to $13.58 million a year earlier. Net income was $393,595 or $.10/share, up from $326,025 or .10/share in 3Q97.

Imperial Ginseng Products Ltd. (IGPFF) lost Canadian $3.7 million or C$2.31/share on C$10.8 million in revenue in FY98 ended June 30. Last year it lost C$9.4 million or C$6.34/share on C$5.3 million in sales.

Cyanotech Corp. (CYAN) reported net sales of $1.53 million and a net loss of $442,000 or $.04/share for its 2Q99. This compares to 2Q98 sales of $2.05 million and a net loss of $54,000 or $.01/share. Revenues were lower due to reduced bulk Spirulina Pacifica sales in international markets, while anticipated sales of NatuRose were delayed due to cancellation of a sales agreement with a Japanese distributor.

Fresh Juice Co. Inc. (FRSH) lost $158,000 or $.02/share on $9.14 million in 3Q98 revenues, compared to a $257,000 or $.04/share profit on $10.66 million in revenue in 3Q97.

The CNS Inc. (CNXS) board authorized the company to repurchase an additional 1.5 million shares. A 750,000 share buyback announced last April has been completed.

A group including White Rock Capital Partners L.P. lifted its stake in Hain Food Group Inc. (HAIN) to 20.49%. The group now holds 2.75 million common shares.

Balance Bar Co. (BBAR) recorded record operating results in its 3Q98. Sales increased 112% to $21.5 million from $10.1 million a year earlier. Net income was $1.4 million or $.11/share diluted, compared with a loss of $189,000 or $.02/share diluted in 3Q97.

Usana Inc. (USNA) earned $2.53 million or $.18/share diluted on $32.12 million in 3Q98 sales. In 3Q97 the company earned $1.86 million or $.14/share diluted on $22.87 million in sales.

Worthington Foods Inc. (WFDS) said net sales increased 21% to $34.84 million for its 3Q98 vs. $28.81 million a year ago. Net income was $2.32 million or $.19/share diluted, compared with $2.36 million or $.19/share diluted in 3Q97.

Ben & Jerry’s Homemade Inc. (BJICA) said net income rose 16% to about $2.9 million or $.39/share diluted in its 3Q98, from about $2.5 million or $.34/share a year ago. Consolidated sales increased 29% to a record $64.6 million from $50 million in 3Q97.

Twinlab Corp. (TWLB) said 3Q98 sales increased 70% to $90.6 million from 3Q97 sales of $53.3 million. Net income for 3Q98 was $8.2 million vs. net income of about $5 million in 3Q97. Pro forma basic and diluted earnings per share before an extraordinary item and margin costs rose to $.34, up 100% from 3Q97 EPS of $.17. TWLB said its acquisition of PR* Nutrition Inc. of San Diego is being accounted for as a pooling of interests.