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Northern Technologies International Corp. - NTIC STOCK NEWS

Welcome to our dedicated page for Northern Technologies International news (Ticker: NTIC), a resource for investors and traders seeking the latest updates and insights on Northern Technologies International stock.

Northern Technologies International Corp. (NTIC), founded in 1970 and headquartered in Lino Lakes, Minnesota, is a pioneer in the development of environmentally beneficial material science. The company initially focused on oil analyzer instruments before expanding its portfolio to become a global leader in corrosion inhibiting products and services. NTIC operates under two main segments: ZERUST® and Nature-Tec®. The ZERUST® brand is renowned for its corrosion prevention solutions, catering to industries such as automotive, electronics, military, and oil & gas. Additionally, NTIC offers bio-based and biodegradable polymer resin compounds through its Nature-Tec® brand.

NTIC has a robust global presence, reaching over 65 countries via subsidiaries, joint ventures, and independent distributors. The company's success is largely attributed to its innovative products, strategic partnerships, and a dedicated workforce.

Recent achievements include record net sales for the third quarter of fiscal 2023, driven by increased demand for both ZERUST® and Nature-Tec® products. Despite supply chain challenges and economic pressures in European and Asian markets, NTIC has managed to rebuild its gross margins and generate positive operating cash flow. The company's consolidated net sales for fiscal 2023 reached $79,903,000, a 7.7% increase from the previous year.

NTIC's joint venture operating income also saw a significant boost, increasing by 39.6% in the fourth quarter of fiscal 2023. The company remains focused on long-term growth strategies, including geographic expansion and investment in infrastructure. NTIC's strong balance sheet, with substantial working capital and strategic investments, positions it well for continued growth and profitability in fiscal 2024.

News

Northern Technologies International Corporation Announces Quarterly Cash Dividend

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Northern Technologies International (NASDAQ: NTIC) declares a quarterly cash dividend of $0.07 per share, reinforcing shareholder value and financial stability.
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Northern Technologies International Corporation Reports Financial Results for Second Quarter Fiscal 2024

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Northern Technologies International (NASDAQ: NTIC) reported strong financial results for the second quarter of fiscal 2024, showing significant growth in net sales, gross profit, and net income. The company achieved record sales in various product categories, with a notable increase in ZERUST® oil and gas sales and Natur-Tec® product sales. NTIC's joint venture operating income also saw a positive growth. The company's focus on cost reduction and operational efficiency is driving profitability improvements and positive cash flow generation. Overall, NTIC anticipates continued sales growth and enhanced profitability for fiscal 2024.
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Northern Technologies International Corporation to Announce Fiscal 2024 Second Quarter Financial Results and Host Conference Call

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Northern Technologies International (NASDAQ: NTIC) will release its fiscal 2024 second quarter financial results on April 11, 2024, followed by a conference call with management. Investors can access the news release and webcast on NTIC's webpage.
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Northern Technologies International Corporation Announces Quarterly Cash Dividend

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Northern Technologies International Corporation (NTIC) declared a quarterly cash dividend of $0.07 per share, payable on February 14, 2024, to shareholders of record at the close of business on January 31, 2024.
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Northern Technologies International Corporation Reports Financial Results For First Quarter Fiscal 2024

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Northern Technologies International Corporation (NTIC) reported its financial results for the first quarter of fiscal 2024, showing a 1.1% increase in consolidated net sales to a record of $20,182,000. The company experienced stable demand across its ZERUST® industrial and Natur-Tec markets, with an increase in gross margin and net income. However, ZERUST® oil and gas net sales decreased by 7.4% to $1,502,000, and NTIC China net sales decreased by 1.8% to $3,679,000. The joint venture operating income decreased by 0.8% to $2,351,000, and operating expenses as a percent of net sales increased to 41.2% from 39.6% in the same period last fiscal year.
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Northern Technologies International Corporation to Announce Fiscal 2024 First Quarter Financial Results and Host Conference Call

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Northern Technologies International Corporation (NTIC) expects to release its fiscal 2024 first quarter financial results on January 11, 2024, before the market opens. The company will also hold a conference call with management to review the financial results and outlook, followed by a question-and-answer session. Investors, analysts, and other interested parties can access the news release and webcast on NTIC's Investor Relations webpage.
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Northern Technologies International Corporation Reports Financial Results For Fourth Quarter and Full Year Fiscal 2023

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Northern Technologies International Corporation (NTIC) reported a 7.7% increase in consolidated net sales to a record of $79,903,000 for the fiscal year ended August 31, 2023. The company's ZERUST® industrial net sales increased 2.0% to a record of $53,926,000, ZERUST® oil and gas net sales increased 69.3% to a record of $7,802,000, and Natur-Tec® product net sales increased 8.8% to a record of $18,175,000. Despite the economic challenges in Europe and China, NTIC achieved record sales for the third consecutive year, demonstrating the value provided to global customers and the efficacy of strategic focus on diversification.
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Northern Technologies International Corporation to Announce Fiscal 2023 Fourth Quarter Financial Results and Host Conference Call

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Northern Technologies International Corporation (NASDAQ: NTIC) is set to release its fiscal 2023 fourth quarter financial results on November 21, 2023, before the market opens. The news release will be available on the Investor Relations section of NTIC’s webpage. A conference call with management is scheduled for the same day at 9:00 a.m. Eastern Time, where President and CEO Patrick Lynch and CFO Matt Wolsfeld will review the financial results and outlook, followed by a Q&A session.
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Northern Technologies International Corporation Announces Quarterly Cash Dividend

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Northern Technologies International Corporation declares quarterly cash dividend of $0.07 per share
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Northern Technologies International Corporation Announces Quarterly Cash Dividend

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FAQ

What is the current stock price of Northern Technologies International (NTIC)?

The current stock price of Northern Technologies International (NTIC) is $12.13 as of January 28, 2025.

What is the market cap of Northern Technologies International (NTIC)?

The market cap of Northern Technologies International (NTIC) is approximately 115.0M.

What are the main business segments of NTIC?

NTIC operates through two main segments: ZERUST® for corrosion prevention and Nature-Tec® for biodegradable polymer resin compounds.

What products does NTIC offer under the ZERUST® brand?

NTIC offers corrosion inhibiting products and services under the ZERUST® brand, catering to industries like automotive, electronics, military, and oil & gas.

What is the Nature-Tec® brand known for?

The Nature-Tec® brand is known for its bio-based and biodegradable polymer resin compounds and finished products.

How does NTIC distribute its products globally?

NTIC distributes its products through a network of subsidiaries, joint ventures, independent distributors, and agents in over 65 countries.

What recent achievements has NTIC reported?

NTIC reported record net sales for the third quarter of fiscal 2023, driven by increased demand for both ZERUST® and Nature-Tec® products.

How has NTIC managed supply chain challenges?

NTIC has implemented countermeasures against supply chain issues and raw material cost increases, contributing to rebuilding gross margins and generating positive cash flow.

What are NTIC's financial highlights for fiscal 2023?

NTIC's consolidated net sales for fiscal 2023 reached $79,903,000, a 7.7% increase from the previous year, and joint venture operating income increased by 39.6% in Q4.

What are NTIC's long-term growth strategies?

NTIC focuses on geographic expansion and strategic investments in infrastructure to support long-term growth.

How strong is NTIC's balance sheet?

NTIC has a strong balance sheet with substantial working capital, cash reserves, and strategic investments.

What is NTIC's outlook for fiscal 2024?

NTIC expects continued top-line growth and improved profitability, driven by stable demand across its product segments and strategic investments.
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Northern Technologies International Corp.

Nasdaq:NTIC

NTIC Rankings

#4338 Ranked by Market Cap
#1291 Ranked by Dividends

NTIC Stock Data

114.99M
7.82M
17.61%
42.8%
1.53%
Specialty Chemicals
Coating, Engraving & Allied Services
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