Every 10-Q that Northern Technologies International Corp. (NTIC) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow NTIC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full NTIC filings page.
Northern Technologies International Corporation reported higher sales but lower earnings for the quarter and nine months ended May 31, 2026. Net sales rose to $24.2M for the quarter and $69.5M year-to-date, up about 13% from the prior-year periods, driven by both ZERUST® and Natur-Tec® products.
Despite growth, profitability weakened. Quarterly net loss attributable to NTIC was $263,291 (basic and diluted loss of $0.03 per share) versus prior-year income, and year-to-date net loss was $60,795 compared to income of $1.12M. Gross margin declined as cost of goods sold rose faster than sales and prior-year other income from Employee Retention Credits did not repeat.
ZERUST® sales increased to $18.1M in the quarter, including strong oil and gas growth, while Natur-Tec® reached $6.1M. Operating cash flow turned negative at $(0.76)M for the nine months. Debt increased, with $11.76M outstanding under the revolving credit facility, and the company breached its Fixed Charge Coverage Ratio covenant (0.68 vs. 1.25) but obtained a waiver. To prioritize debt reduction, the Board suspended the quarterly cash dividend starting with the third quarter of fiscal 2026.
Northern Technologies International Corporation reported mixed Q2 2026 results. Net sales rose to $21.997M, up 15.3% year over year, driven by stronger ZERUST® industrial and oil & gas demand and modest Natur-Tec® growth.
Despite higher revenue and joint venture income, net (loss) income attributable to NTIC was $(35,323), or $(0.00) per diluted share, versus net income of $434,319 a year earlier. The prior-year quarter benefited from a one-time $1.14M Employee Retention Credit and related interest income, while current results reflect higher selling, administrative, and interest expenses.
For the first six months, net sales grew 12.1% to $45.306M, but net income attributable to NTIC fell to $202,496, or $0.02 per diluted share, from $0.10. Operating cash flow turned negative at $(1.38M), and borrowings on the revolving credit facility increased to $11.28M, though total equity improved to $77.7M.
Northern Technologies International Corporation reported higher sales but lower profit for the quarter ended November 30, 2025. Net sales rose 9.2% to $23.3 million, driven mainly by 11.9% growth in ZERUST® corrosion products and 2.2% growth in Natur-Tec® bioplastics. ZERUST® oil and gas revenue jumped 58.1%, helped by strong demand in Brazil.
Despite this, net income attributable to NTIC fell to $237,819, or $0.03 per diluted share, from $561,091, or $0.06 per share, as higher cost of goods sold, increased operating expenses, and higher interest expense offset the sales gains. Gross profit was $8.4 million and income before income taxes was $770,908.
The company highlighted a new three-year offshore oil and gas preservation contract in Brazil with an estimated total value of about R$70 million (US$13.1 million), expected to ramp through fiscal 2026 and run through calendar 2028. NTIC ended the quarter with $6.4 million in cash, a revolving credit balance of $9.1 million, and extended its $10 million credit facility maturity to February 5, 2027. The quarterly dividend was $0.01 per share versus $0.07 a year earlier.