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) 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.
Northern Technologies International Corporation (NASDAQ: NTIC) announced the acquisition of the remaining 50% stake in HARITA-NTI LTD. (Zerust India) for $6.25 million. This purchase is expected to add approximately $10 million to consolidated net sales and $0.10 per diluted share in earnings for fiscal year 2022. Zerust India, which generated $6.7 million in revenue over nine months ending May 31, 2021, will now be fully consolidated in NTIC's financial statements. The acquisition strengthens NTIC's presence in the growing Indian market, enhancing service capabilities for multinational customers.
Northern Technologies International Corporation (NASDAQ: NTIC) announced a quarterly cash dividend of $0.065 per share, payable on August 18, 2021, to shareholders on record as of August 4, 2021. NTIC specializes in corrosion prevention products, primarily under the ZERUST® brand, serving various industries for over 40 years. The company also produces bio-based and biodegradable polymer resins marketed under the Natur-Tec® brand, expanding its reach into more than 60 countries.
Northern Technologies International Corporation (NASDAQ: NTIC) reported exceptional financial results for the third quarter of fiscal 2021, with consolidated net sales rising by 58.2% to a record $15,419,000. Key highlights include ZERUST® industrial net sales up 61.4% to $10,101,000 and net income attributable to NTIC reaching $2,054,000, marking a significant turnaround from a net loss of $(965,000) in the previous year. The company maintains a strong balance sheet with no debt and total cash and cash equivalents of $11,006,000, supporting future growth and operations.
FAQ
What is the current stock price of Northern Techn (NTIC)?
What is the market cap of Northern Techn (NTIC)?
