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 (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.
Northern Technologies International Corporation (NASDAQ: NTIC) will release its fiscal 2021 third quarter financial results on July 8, 2021, before market opening. A conference call is scheduled for the same day at 9:00 a.m. Eastern Time, where management will discuss financial results and outlook followed by a Q&A session. Interested participants can access the live audio webcast through the NTIC Investor Relations website. NTIC's primary focus is on corrosion prevention products, with a significant market presence in over 60 countries.
Northern Technologies International Corporation (NASDAQ: NTIC) declared a quarterly cash dividend of $0.065 per share, payable on May 19, 2021, to shareholders of record as of May 5, 2021. The company specializes in corrosion prevention products, marketed primarily under the ZERUST brand, and has over 40 years of experience in this sector. NTIC operates in more than 60 countries, providing environmentally beneficial products and technical consulting services.
Northern Technologies International Corporation (NASDAQ: NTIC) reported Q2 fiscal 2021 results, showing a consolidated net sales decrease of 3.4% to $12,783,000 compared to the prior year. Key highlights include a 14.1% increase in ZERUST® net sales to $10,284,000 and a significant 46.9% surge in NTIC China net sales. Net income soared by 629.9% to $1,313,000, translating to $0.13 per diluted share. The company maintains a strong balance sheet with no debt and $12,702,000 in cash and equivalents, despite challenges in Natur-Tec® and oil & gas markets.
Northern Technologies International Corporation (NASDAQ: NTIC) will announce its fiscal 2021 second-quarter financial results on April 8, 2021, prior to market opening. A conference call led by CEO Patrick Lynch and CFO Matt Wolsfeld will follow at 9:00 a.m. ET to review these results and provide an outlook.
The conference call can be accessed via toll-free dial-in at (877) 670-9776, with confirmation code 6287462. Investors are encouraged to register ahead for the live audio webcast available on NTIC's website. The company specializes in corrosion prevention products and services under the ZERUST® brand.