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 (NASDAQ: NTIC) is described in its public communications as a developer and marketer of proprietary, environmentally beneficial products and services, with a primary focus on ZERUST corrosion prevention and Natur-Tec bio-based and biodegradable polymer resin compounds. The NTIC news feed on this page aggregates company-issued updates and other coverage related to NTIC stock, giving readers a focused view of how the business and its markets are evolving.
News about NTIC frequently includes quarterly and annual financial results, where the company reports consolidated net sales, ZERUST industrial and ZERUST oil and gas net sales, Natur-Tec net sales, and income from joint venture operations. These releases often highlight record sales in specific product categories or geographies and discuss trends in operating expenses, gross margin, and net income. Investors following NTIC can use these updates to understand how ZERUST and Natur-Tec are contributing to overall performance.
Another recurring theme in NTIC news is dividend announcements. The company has issued press releases declaring quarterly cash dividends at a stated per-share amount, along with record and payment dates. NTIC also regularly announces the timing of its earnings releases and associated conference calls and webcasts, inviting investors, analysts, and other interested parties to hear management review results and outlook.
In addition to financial and dividend news, NTIC publishes updates on business developments, such as multi-year contracts in the oil and gas sector. For example, its majority-owned subsidiary Zerust Brazil has disclosed a multi-year contract to provide corrosion protection solutions for offshore FPSO units. Such items illustrate how NTIC’s ZERUST technology is used in complex industrial and energy applications.
By visiting this NTIC news page, readers can review a chronological record of earnings reports, dividend declarations, contract wins, and other corporate communications related to Northern Technologies International Corporation and its ZERUST and Natur-Tec product lines.
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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.
Northern Technologies International Corporation (NTIC) will release its fiscal 2023 second quarter financial results on April 13, 2023, before market open. The company invites investors and analysts to join a conference call at 9:00 a.m. ET on the same day for a review of the results and outlook, followed by a Q&A session. Participants can register through a provided URL to receive dial-in details. NTIC is known for its environmentally beneficial products, primarily focused on corrosion prevention under the ZERUST® brand, servicing over 65 countries. The company also offers bio-based products under the Natur-Tec® brand. Detailed results and presentations will be available on NTIC’s Investor Relations webpage.
Northern Technologies International Corporation (NASDAQ: NTIC) has declared a quarterly cash dividend of $0.07 per share, scheduled for payment on February 15, 2023, to shareholders on record as of February 1, 2023. The company specializes in corrosion prevention products and bio-based polymer resin compounds, marketed primarily under the ZERUST® and Natur-Tec® brands. With over 45 years of expertise, NTIC operates in over 60 countries, targeting various sectors, including automotive and oil and gas. The firm also provides technical consulting services for corrosion prevention, enhancing its product offerings.
Northern Technologies International Corporation (NASDAQ: NTIC) reported its fiscal Q1 2023 results, showing a 9.7% increase in consolidated net sales to a record $19,953,000. Key highlights include a 66.9% increase in ZERUST® Oil & Gas net sales and a 21.6% increase in Natur-Tec product sales. However, net income fell to $502,000 ($0.05 per diluted share) from $4,494,000 ($0.46 per diluted share) year-over-year. Despite challenges in joint ventures, the company remains optimistic about achieving record sales in 2023, focusing on controlling expenses and enhancing profitability.
Northern Technologies International Corporation (NASDAQ: NTIC) plans to release its fiscal 2023 first quarter financial results on January 12, 2023, before market opening. The company will hold a conference call at 9:00 A.M. ET the same day, featuring insights from Patrick Lynch, President and CEO, and Matt Wolsfeld, CFO, followed by a Q&A session.
NTIC develops environmentally beneficial products, primarily focusing on corrosion prevention under the ZERUST® brand. The company has a global presence in over 60 countries and has expanded its services into the oil and gas sector.
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