Welcome to our dedicated page for Northern Techn news (Ticker: NTIC), a resource for investors and traders seeking the latest updates and insights on Northern Techn stock.
Northern Technologies International Corporation (NTIC) delivers innovative corrosion prevention and sustainable material solutions through its ZERUST® and Natur-Tec® brands. This news hub provides investors and industry professionals with essential updates on NTIC’s global operations, product developments, and market strategies.
Access timely reports on quarterly earnings, technical breakthroughs in biodegradable polymers, and strategic partnerships across 65+ countries. Our curated collection features official press releases and third-party analyses, offering a balanced perspective on NTIC’s environmental technologies and industrial services.
Key updates include advancements in corrosion control for automotive/energy sectors, expansions in compostable packaging materials, and regulatory developments affecting sustainable manufacturing. Bookmark this page for streamlined tracking of NTIC’s progress in merging material science with ecological responsibility.
Northern Technologies International (NASDAQ: NTIC) announced its financial results for Q3 fiscal 2024. Consolidated net sales fell 1.4% to $20.69M. ZERUST® industrial net sales decreased by 4.4% to $13.48M, and ZERUST® oil and gas net sales dropped 31.9% to $1.36M. However, Natur-Tec® product net sales surged 20.1% to a record $5.85M. NTIC China net sales grew by 6.7% to $3.54M. Gross profit margin rose by 210 basis points to 38.2%. Joint venture operating income slipped 3.6% to $2.61M. Net income attributable to NTIC declined 7.8% to $0.98M, or $0.10 per diluted share. Operating expenses increased to 43.4% of net sales. Year-to-date, consolidated net sales grew by 4.3% to $61.71M, with Natur-Tec® sales up by 22.5%. Cash provided by operating activities surged 116% to $7.58M for the nine months ended May 31, 2024.
Northern Technologies International (NASDAQ: NTIC) is set to release its fiscal 2024 third-quarter financial results on July 11, 2024, before the market opens.
Following the release, a conference call will be held at 9:00 a.m. Eastern Time with President and CEO Patrick Lynch, and CFO Matt Wolsfeld. The call will review the financial results and outlook, followed by a Q&A session.
Investors and analysts can join the call by registering through the provided URL. A webcast will also be available and archived for one year on NTIC's Investor Relations webpage.
Northern Technologies International (NASDAQ: NTIC) is set to join the Russell 3000 Index at the conclusion of the 2024 Russell U.S. Indexes annual reconstitution, effective July 1, 2024. This inclusion reflects the company's market capitalization as of April 30, 2024. Membership in the Russell 3000 Index entails automatic inclusion in either the Russell 1000 or Russell 2000 Index, alongside the relevant growth and value style indexes. NTIC's recent growth, highlighted by record second-quarter fiscal 2024 ZERUST® and Natur-Tec® sales, and improved gross margins, underscores the significance of this development. The Russell U.S. Indexes are critical benchmarks for investment managers, with $10.5 trillion in assets tied to them as of December 2023.
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