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) reinstated a quarterly cash dividend of $0.065 per share, payable on February 17, 2021, to shareholders of record by February 3, 2021. This decision reflects NTIC's renewed commitment to its shareholders amidst stabilizing global markets following the COVID-19 pandemic. President and CEO G. Patrick Lynch expressed confidence in the company's ability to drive sales and earnings growth in fiscal 2021 and beyond, emphasizing a focus on employee safety and product supply during challenging times.
Northern Technologies International Corporation (NASDAQ: NTIC) reported a 12.7% decrease in consolidated net sales, totaling $12,779,000, for the first quarter of fiscal 2021 compared to the same period last year. Despite this, net income increased by 4.1% to $1,262,000, with a consistent EPS of $0.13. Strong performance in NTIC China saw net sales rise 17.7% to a record $4,544,000. The company's balance sheet remains robust with no debt and $13,336,000 in cash. However, guidance remains cautious amid ongoing uncertainty from the COVID-19 pandemic.
Northern Technologies International Corporation (NASDAQ: NTIC) is set to announce its fiscal 2021 first quarter financial results on January 7, 2021, before market opening. A conference call will follow at 9:00 a.m. ET, led by President Patrick Lynch and CFO Matt Wolsfeld, reviewing financial outcomes and offering an outlook for the future. Interested parties can access the live audio webcast or join via a toll-free dial-in. NTIC specializes in corrosion prevention solutions and environmentally beneficial products globally.
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.