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NutraMax production, distribution problems expected to result in fourth quarter net loss.

This article was originally published in The Tan Sheet

Executive Summary

NUTRAMAX FOURTH QUARTER PRODUCTION, DISTRIBUTION PROBLEMS are expected to result in a net loss of $933,000 to $1 mil. for the three months ended Sept. 27, the Gloucester, Mass.-based company said Oct. 14. By comparison, NutraMax reported net income of $1.7 mil. in the fourth quarter of 1996. The company explained that "start-up problems" delayed completion of a "major capital expansion" program in the private labeler's largest division, which manufactures cough/cold products. As a result, nearly $4.6 mil. of incremental unshipped orders had accumulated by the end of the quarter.
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