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 (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.
Northern Technologies International (NASDAQ: NTIC) has announced it will release its fiscal 2025 first-quarter financial results on Thursday, January 9, 2025, before market opening. The company will host a conference call with management at 9:00 a.m. Eastern Time on the same day.
President and CEO Patrick Lynch and CFO Matt Wolsfeld will review the company's Q1 financial results and outlook, followed by a Q&A session. Participants must register to join the live call and ask questions. An audio-only webcast will be available, and a replay will be accessible for approximately one year on NTIC's investor relations webpage.
Northern Technologies International (NTIC) reported financial results for Q4 and fiscal year 2024. Full-year consolidated net sales increased 6.5% to $85,060,000, with record sales in ZERUST® oil and gas (+18.3%) and Natur-Tec® products (+20.9%). Gross profit margin improved by 490 basis points to 39.7%. Net income attributable to NTIC increased 85.7% to $5,409,000, with earnings per diluted share of $0.55. The company maintained a strong balance sheet with working capital of $23,682,000. Joint venture operating income decreased 18.6% to $9,475,000, primarily due to challenging European market conditions.
Northern Technologies International (NASDAQ: NTIC) announced it will release its fiscal 2024 fourth-quarter financial results on Tuesday, November 19, 2024, before market opens. The company will host a conference call with management at 9:00 a.m. Eastern Time on the same day. CEO Patrick Lynch and CFO Matt Wolsfeld will review the financial results and outlook, followed by a Q&A session. Participants must register to join the live call, and an audio webcast will be available with replay access for approximately one year on NTIC's investor relations webpage.
Northern Technologies International (NASDAQ: NTIC), a developer of corrosion inhibiting products and services, as well as bio-based and biodegradable polymer resin compounds, has announced a quarterly cash dividend. The company's Board of Directors has declared a dividend of $0.07 per share, which will be payable on November 13, 2024. Shareholders who are on record at the close of business on October 30, 2024, will be eligible to receive this dividend.
Northern Technologies International (NASDAQ: NTIC), a developer of corrosion inhibiting products and bio-based polymer resin compounds, has declared a quarterly cash dividend of $0.07 per share. The dividend will be payable on August 14, 2024, to shareholders of record at the close of business on July 31, 2024. This announcement demonstrates NTIC's commitment to returning value to shareholders and may indicate confidence in the company's financial stability and future prospects.
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.