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Northern Technologies International Corporation reports developments in corrosion prevention and sustainable polymer materials through its ZERUST and Natur-Tec businesses. Its recurring updates cover ZERUST rust and corrosion inhibiting products and technical consulting for automotive, industrial, military, retail consumer, and oil and gas customers, including international subsidiary and joint venture activity.
Company news also includes quarterly financial results by product category, sales trends for NTIC China and oil and gas applications, cash dividend actions, and Natur-Tec projects involving bio-based, biodegradable, and compostable polymer resin compounds and finished products for packaging applications.
Northern Technologies International Corporation (NASDAQ: NTIC) said its 85%‑owned subsidiary, Zerust Brazil, won a three-year offshore contract with a major international EPC to supply corrosion protection for FPSO units in Brazil.
The agreement runs from a ramp in fiscal 2026 through calendar 2028 and has an estimated total value of approximately R$70 million (US$13 million), split into about R$40 million (materials) and R$30 million (engineering and field services). Revenue will be recognized by Zerust Brazil as products are delivered and services performed.
Northern Technologies International Corporation (NASDAQ: NTIC) declared a quarterly cash dividend of $0.01 per share. The dividend is payable on November 12, 2025 to shareholders of record at the close of business on October 29, 2025.
This action returns cash to shareholders via a small quarterly payout and sets clear record and payment dates for investors.
Northern Technologies International (NASDAQ: NTIC), a developer of corrosion inhibiting products and bio-based polymer resin compounds, has declared a quarterly cash dividend of $0.01 per share. The dividend will be paid on August 13, 2025, to shareholders of record as of July 30, 2025.
Northern Technologies International Corporation (NASDAQ: NTIC) reported its Q3 fiscal 2025 financial results, showing mixed performance. Consolidated net sales increased 4.0% to $21.5 million, driven by ZERUST® industrial sales growth of 7.1%, while ZERUST® oil and gas sales declined 5.3% and Natur-Tec® sales decreased 1.2%.
The company's profitability declined significantly, with net income dropping to $122,000 ($0.01 per share) compared to $977,000 ($0.10 per share) in the same period last year. Joint venture operating income decreased 12.9% to $2.3 million, while operating expenses increased 7.6% to $9.7 million due to investments in sales infrastructure and personnel expenses.
Management expects ZERUST® oil and gas sales to improve in Q4 and into fiscal 2026, with potential benefits from European economic stimulus packages impacting joint venture performance positively.
Northern Technologies International Corporation (NASDAQ: NTIC) has announced plans to release its fiscal 2025 third-quarter financial results on Thursday, July 10, 2025, before market opening. The company will host a conference call with management at 9:00 a.m. Eastern Time on the same day.
The earnings call will feature CEO Patrick Lynch and CFO Matt Wolsfeld, who will review the company's Q3 financial results and outlook, followed by a Q&A session. Participants must register in advance to join the live call and ask questions. An audio webcast will be available, and a replay will be accessible for approximately one year on NTIC's investor relations webpage.
Northern Technologies International (NASDAQ: NTIC), a developer of corrosion inhibiting products and bio-based biodegradable polymer resin compounds, has declared a quarterly cash dividend. The Board of Directors announced a dividend of $0.01 per share, which will be paid on May 14, 2025, to shareholders of record as of April 30, 2025.
Northern Technologies International (NTIC) reported challenging Q2 fiscal 2025 results with notable declines across key metrics. Consolidated net sales decreased 8.5% to $19.07 million, with ZERUST® industrial sales down 3.7%, ZERUST® oil and gas sales falling 28.5%, and Natur-Tec® sales declining 11.8%. Only NTIC China showed growth, increasing 8.1% to $3.74 million.
The company's profitability metrics weakened, with gross profit margin dropping 440 basis points to 35.6%. Net income attributable to NTIC fell significantly to $434,000 ($0.04 per diluted share) from $1.7 million ($0.17 per diluted share) in the prior year. The company received a one-time Employee Retention Credit payment of $1.14 million.
In response to these headwinds, NTIC announced a reduction in its quarterly dividend to $0.01 per share and is focusing on debt reduction. Management expects a rebound in Natur-Tec® and ZERUST® oil and gas sales in the second half of the fiscal year.
Northern Technologies International (NASDAQ: NTIC) has scheduled the release of its fiscal 2025 second-quarter financial results for Thursday, April 10, 2025, before market opening. The company will host a conference call and webcast on the same day at 9:00 a.m. Eastern Time.
CEO Patrick Lynch and CFO Matt Wolsfeld will review the quarterly results and outlook, followed by a Q&A session. Participants must pre-register to join the live call and ask questions. The audio webcast will be accessible through the company's investor relations webpage, with a replay available for approximately one year.
Northern Technologies International (NASDAQ: NTIC), a developer of corrosion inhibiting products and bio-based polymer resin compounds, has announced a quarterly cash dividend of $0.07 per share. The dividend will be payable on February 12, 2025, to shareholders of record as of the close of business on January 29, 2025.
Northern Technologies International (NTIC) reported its Q1 fiscal 2025 results with consolidated net sales increasing 5.7% to a record $21,338,000. Natur-Tec® product sales showed strong growth of 22.8% to $5,863,000, while ZERUST® industrial and oil & gas segments saw modest increases of 0.4% and 0.7% respectively.
Gross profit margin improved by 200 basis points to 38.3%. However, operating expenses increased 14.0% to $9,470,000, primarily due to investments in ZERUST® oil and gas infrastructure. Net income decreased to $561,000 ($0.06 per diluted share) compared to $896,000 ($0.09 per diluted share) in the previous year. The company maintained a strong balance sheet with working capital of $22,183,000 and $5,570,000 in cash and cash equivalents as of November 30, 2024.