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 Corporation (NASDAQ: NTIC) announced a quarterly cash dividend of $0.07 per share, payable on May 17, 2023, to shareholders on record by May 3, 2023. The corporation specializes in corrosion prevention and bio-based polymer resins, offering its products and services globally, particularly under the ZERUST® and Natur-Tec® brands. The company serves various markets, including automotive, electronics, and oil and gas, providing technical consulting for corrosion issues for almost 50 years.
Northern Technologies International Corporation (NASDAQ: NTIC) reported its financial results for Q2 fiscal 2023, marking a 9.1% increase in consolidated net sales to a record $18,271,000. ZERUST® net sales rose 10.2% to $14,459,000, with significant growth in the oil and gas sector, which spiked 212.4% to $1,805,000. However, NTIC China net sales fell 31.0% to $2,872,000. Net income attributable to NTIC jumped to $885,000 or $0.09 per diluted share, compared to $183,000 last year. Overall, operating expenses increased to 41.0% of net sales, influenced by higher personnel costs. NTIC anticipates improved sales from NTIC China and Natur-Tec in the upcoming quarters, projecting a strong fiscal 2023 finish.
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