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.
Northern Technologies International Corporation (NASDAQ: NTIC) reported record net sales for fiscal 2022, increasing 31.3% to $74.16 million. Key drivers included a 26.1% rise in Zerust® sales and a 52.7% jump in Natur-Tec® sales. However, NTIC's joint venture operating income fell by 21.9%, with China sales decreasing by 9.2%. Net income attributable to NTIC rose slightly to $6.33 million, with diluted earnings per share at $0.66. The company maintains a solid balance sheet, ending the year with $5.33 million in cash, despite facing supply chain challenges.
Northern Technologies International Corporation (NASDAQ: NTIC) announced that CFO Matthew Wolsfeld will present at the Southwest IDEAS Investor Conference on November 16, 2022, at the Westin Dallas Downtown, Texas. The presentation starts at 1:30 PM and can be accessed via the conference website. NTIC specializes in corrosion prevention products and services marketed mainly under the ZERUST® brand, with a strong presence in various sectors including automotive and oil and gas. The IDEAS Investor Conference aims to connect quality companies with investment professionals.
Northern Technologies International Corporation (NASDAQ: NTIC) announced plans to release its fiscal 2022 fourth quarter financial results on November 14, 2022, before market opening. A conference call with management, featuring President Patrick Lynch and CFO Matt Wolsfeld, will follow at 9:00 a.m. ET to discuss the results and future outlook. Investors can register for the call and access it via a provided link. NTIC, known for its ZERUST® corrosion prevention products, operates in over 60 countries and has recently expanded into the oil and gas sector.
Northern Technologies International Corporation (NASDAQ: NTIC) announced a quarterly cash dividend of $0.07 per share, payable on November 16, 2022, to shareholders of record by November 3, 2022. NTIC specializes in corrosion inhibiting products and bio-based polymer resin compounds, operating in over 60 countries. The company has been a leader in corrosion prevention for over 45 years, targeting markets such as automotive and oil and gas. Their proprietary products include the ZERUST® brand for rust and corrosion inhibition, and Natur-Tec® for biodegradable products.
Northern Technologies International Corporation (NTIC) has secured a significant contract with BP Exploration to provide chemical corrosion protection services for 12 storage tanks through December 2025. This contract marks the largest for NTIC's ZERUST Vapor Corrosion Inhibitor solutions to date, building on their previous installations for BP in Georgia, Azerbaijan, and Turkey. NTIC anticipates further growth and installations worldwide, bolstered by favorable technical reports validating their technology.
Northern Technologies International Corporation (NASDAQ: NTIC) has announced a cash dividend of $0.07 per share, payable on August 17, 2022, to shareholders on record by August 3, 2022. This declaration reflects the company's commitment to shareholder returns amidst its focus on developing corrosion inhibiting products and environmentally friendly polymer compounds. NTIC operates in over 60 countries and has expanded its focus to include the oil and gas sector while continuing its successful ZERUST® brand offerings.
Northern Technologies International Corporation (NASDAQ: NTIC) reported robust third-quarter fiscal 2022 results, achieving record consolidated net sales of $18.965 million, a 23.0% increase year-over-year. Key highlights include a 16.7% rise in ZERUST® net sales and a notable 47.0% growth in oil and gas sales. However, net income decreased to $1 million from $2.054 million in the prior year. Operating expenses improved to 37.5% of net sales. NTIC’s outlook remains cautiously optimistic with an anticipated rebound in profitability, especially in China.
Northern Technologies International Corporation (NTIC) plans to release its fiscal 2022 third quarter financial results on July 7, 2022, before market opening. A conference call with management will also take place the same day at 9:00 a.m. ET. Patrick Lynch, the CEO, and Matt Wolsfeld, the CFO, will discuss the results and provide an outlook for the company. The call will be open for questions after the presentation. Interested parties can register for the call and access the webcast via NTIC’s Investor Relations website.
Northern Technologies International Corporation (NASDAQ: NTIC) has declared a quarterly cash dividend of $0.07 per share. This dividend is payable on May 18, 2022, to shareholders of record as of May 4, 2022. NTIC specializes in corrosion inhibiting products and bio-based materials, operating in over 60 countries for over 45 years. Their notable ZERUST® brand serves various markets including automotive and oil & gas, providing technical consulting services alongside their product offerings.
Northern Technologies International Corporation (NASDAQ: NTIC) reported a 31% increase in net sales for Q2 FY2022, reaching $16.75 million, driven by robust demand across product categories. Although Zerust® sales grew 27.6% to $13.12 million, net income fell to $183,000 from $1.31 million year-over-year, with EPS declining from $0.13 to $0.02. Adjusted net income stood at $392,000 or $0.04 per share. The company is optimistic about H2 FY2022 due to improved pricing strategies to offset rising raw material and labor costs.