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 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 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.
Northern Technologies International Corporation (NASDAQ: NTIC) will release its fiscal 2022 second quarter financial results on April 7, 2022, before the market opens. A conference call is scheduled for the same day at 9:00 a.m. Eastern Time, featuring CEO Patrick Lynch and CFO Matt Wolsfeld discussing the results and future outlook. Investors can access the live audio webcast and participate in a Q&A session. NTIC specializes in corrosion prevention products marketed under the ZERUST® brand and operates in over 60 countries.
Northern Technologies International Corporation (NASDAQ: NTIC) announced a quarterly cash dividend of $0.07 per share, payable on February 16, 2022, to shareholders of record by February 2, 2022. NTIC specializes in corrosion prevention and offers bio-based and biodegradable polymer resins, operating in over 60 countries with a focus on markets such as automotive, electronics, and oil and gas. The company has a history of more than 40 years in corrosion inhibiting products, primarily marketed under the ZERUST® brand.
Northern Technologies International Corporation (NASDAQ: NTIC) reported a record net sales of $18.19 million for Q1 fiscal 2022, a 42.4% year-over-year increase. ZERUST® sales rose 41.1% to $14.42 million, with significant growth in oil and gas sectors. However, net income per diluted share increased to $0.46, up from $0.13, influenced by a one-time gain related to the acquisition of Zerust India. Operating expenses rose to $7.07 million, but improved as a percentage of sales. Higher raw material and labor costs impacted profitability. The balance sheet remains robust with $8.05 million in cash and equivalents.
Northern Technologies International Corporation (NASDAQ: NTIC) will release its fiscal 2022 first quarter financial results on January 6, 2022, before market opening. A conference call led by CEO Patrick Lynch and CFO Matt Wolsfeld is scheduled for the same day at 9:00 a.m. ET to discuss the results and outlook, followed by a Q&A session. Investors can access the live audio webcast on NTIC's Investor Relations webpage. The company focuses on environmentally beneficial products, primarily in corrosion prevention under the ZERUST® brand.
Northern Technologies International Corporation (NASDAQ: NTIC) reported strong financial results for the fourth quarter and fiscal year ended August 31, 2021. Consolidated net sales rose 18.6% year-over-year to $56.49 million, with a notable 54.7% increase in Q4 sales. ZERUST® product sales surged 32.1% to $45.55 million. Net income attributed to NTIC reached $6.28 million, translating to $0.64 per share, reversing last year’s losses. The company maintains a strong balance sheet with no debt and $7.68 million in cash, signaling a positive outlook for fiscal 2022.
Northern Technologies International Corporation (NASDAQ: NTIC) will release its fiscal 2021 fourth quarter financial results on November 17, 2021, before market opening. A conference call, led by CEO Patrick Lynch and CFO Matt Wolsfeld, is scheduled for the same day at 9:00 AM ET, to discuss the results and future outlook. The call will include a question and answer session for investors and analysts. Interested parties can access the live audio webcast via the link provided on NTIC's Investor Relations webpage.
Northern Technologies International Corporation (NASDAQ: NTIC) has announced a quarterly cash dividend of $0.07 per share, marking a 7.7% increase from the prior rate of $0.065. The dividend is set to be paid on November 17, 2021, to stockholders of record as of November 3, 2021.
NTIC specializes in developing environmentally beneficial products, particularly corrosion prevention solutions marketed under the ZERUST® brand, and bio-based resins under the Natur-Tec® brand, serving over 60 countries.