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 its fourth quarter and fiscal year results for 2020, showing a 14.5% decrease in consolidated net sales to $47.6 million. The COVID-19 pandemic significantly impacted financial performance, with a net loss of $1.34 million for the year. ZERUST® sales fell by 9.7%, while NTIC China achieved record sales, up 2.9%. The company maintains a strong balance sheet with no debt and $6.4 million in cash. A one-time tax adjustment contributed to the losses reported.
Northern Technologies International Corporation (NASDAQ: NTIC) will release its fiscal 2020 fourth quarter financial results on November 12, 2020, before market opening. A conference call is scheduled for the same day at 9:00 a.m. ET, featuring CEO Patrick Lynch and CFO Matt Wolsfeld discussing the results and future outlook. Investors can access the live audio webcast via the company’s Investor Relations webpage. NTIC specializes in environmentally beneficial products, primarily in corrosion prevention through its ZERUST® brand, and operates in over 60 countries.