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About Northern Technologies International Corporation (NTIC)
Northern Technologies International Corporation (NTIC) is a global innovator in environmentally beneficial material science, specializing in the development and commercialization of sustainable products and services for industrial and consumer applications. Headquartered in Minnesota, USA, NTIC operates through two primary business segments: ZERUST® and Natur-Tec®, each addressing critical needs in corrosion prevention and biodegradable materials, respectively.
Core Business Areas
ZERUST®: Corrosion Prevention Solutions
NTIC's ZERUST® segment is a cornerstone of its business, offering a range of advanced rust and corrosion inhibiting products and services. These solutions cater to industries such as automotive, electronics, electrical, mechanical, military, and retail consumer markets. ZERUST® products are widely recognized for their effectiveness in extending the lifecycle of metal components, machinery, and structures. NTIC also provides on-site technical consulting, enabling clients to customize corrosion prevention strategies tailored to their specific needs. The ZERUST® oil and gas division has further expanded NTIC's reach, delivering specialized solutions for challenging environments in the energy sector.
Natur-Tec®: Bio-Based and Biodegradable Solutions
Under the Natur-Tec® brand, NTIC develops and markets a portfolio of bio-based and compostable polymer resin compounds and finished products. These environmentally friendly materials are designed to meet the growing demand for sustainable alternatives to traditional plastics. Natur-Tec® products find applications in packaging, food service, and other consumer goods, aligning with global efforts to reduce plastic waste and promote compostable solutions.
Business Model and Global Reach
NTIC employs a unique business model that combines direct sales with a robust network of subsidiaries, joint ventures, distributors, and agents. This approach enables the company to operate in over 65 countries, leveraging local expertise to penetrate diverse markets effectively. Joint ventures play a pivotal role in NTIC's international strategy, providing access to regional markets while maintaining operational flexibility. The company’s focus on niche markets and its commitment to innovation have positioned it as a trusted partner for businesses seeking sustainable and high-performance solutions.
Competitive Differentiation
NTIC differentiates itself through its proprietary technologies, a strong emphasis on sustainability, and a proven track record of delivering value-added solutions. The company’s corrosion prevention products are backed by decades of research and development, while its Natur-Tec® line addresses the urgent need for eco-friendly materials in a rapidly evolving regulatory landscape. Additionally, NTIC’s technical consulting services enhance its value proposition, offering clients tailored solutions that address specific challenges.
Industry Significance
As a pioneer in clean and green technologies, NTIC plays a critical role in advancing sustainability across multiple industries. Its innovative solutions not only help businesses reduce environmental impact but also improve operational efficiency and product longevity. By addressing global challenges such as corrosion and plastic waste, NTIC contributes to a more sustainable future while maintaining a strong commercial focus.
Conclusion
Northern Technologies International Corporation exemplifies the integration of environmental stewardship with industrial innovation. Through its ZERUST® and Natur-Tec® segments, the company continues to deliver cutting-edge solutions that meet the evolving needs of its global customer base. With a commitment to sustainability, technical expertise, and a collaborative business model, NTIC is well-positioned as a leader in environmentally beneficial material science.
Northern Technologies International Corporation (NASDAQ: NTIC) announced a quarterly cash dividend of $0.07 per share, payable on May 17, 2023, to shareholders on record by May 3, 2023. The corporation specializes in corrosion prevention and bio-based polymer resins, offering its products and services globally, particularly under the ZERUST® and Natur-Tec® brands. The company serves various markets, including automotive, electronics, and oil and gas, providing technical consulting for corrosion issues for almost 50 years.
Northern Technologies International Corporation (NASDAQ: NTIC) reported its financial results for Q2 fiscal 2023, marking a 9.1% increase in consolidated net sales to a record $18,271,000. ZERUST® net sales rose 10.2% to $14,459,000, with significant growth in the oil and gas sector, which spiked 212.4% to $1,805,000. However, NTIC China net sales fell 31.0% to $2,872,000. Net income attributable to NTIC jumped to $885,000 or $0.09 per diluted share, compared to $183,000 last year. Overall, operating expenses increased to 41.0% of net sales, influenced by higher personnel costs. NTIC anticipates improved sales from NTIC China and Natur-Tec in the upcoming quarters, projecting a strong fiscal 2023 finish.
Northern Technologies International Corporation (NTIC) will release its fiscal 2023 second quarter financial results on April 13, 2023, before market open. The company invites investors and analysts to join a conference call at 9:00 a.m. ET on the same day for a review of the results and outlook, followed by a Q&A session. Participants can register through a provided URL to receive dial-in details. NTIC is known for its environmentally beneficial products, primarily focused on corrosion prevention under the ZERUST® brand, servicing over 65 countries. The company also offers bio-based products under the Natur-Tec® brand. Detailed results and presentations will be available on NTIC’s Investor Relations webpage.
Northern Technologies International Corporation (NASDAQ: NTIC) has declared a quarterly cash dividend of $0.07 per share, scheduled for payment on February 15, 2023, to shareholders on record as of February 1, 2023. The company specializes in corrosion prevention products and bio-based polymer resin compounds, marketed primarily under the ZERUST® and Natur-Tec® brands. With over 45 years of expertise, NTIC operates in over 60 countries, targeting various sectors, including automotive and oil and gas. The firm also provides technical consulting services for corrosion prevention, enhancing its product offerings.
Northern Technologies International Corporation (NASDAQ: NTIC) reported its fiscal Q1 2023 results, showing a 9.7% increase in consolidated net sales to a record $19,953,000. Key highlights include a 66.9% increase in ZERUST® Oil & Gas net sales and a 21.6% increase in Natur-Tec product sales. However, net income fell to $502,000 ($0.05 per diluted share) from $4,494,000 ($0.46 per diluted share) year-over-year. Despite challenges in joint ventures, the company remains optimistic about achieving record sales in 2023, focusing on controlling expenses and enhancing profitability.
Northern Technologies International Corporation (NASDAQ: NTIC) plans to release its fiscal 2023 first quarter financial results on January 12, 2023, before market opening. The company will hold a conference call at 9:00 A.M. ET the same day, featuring insights from Patrick Lynch, President and CEO, and Matt Wolsfeld, CFO, followed by a Q&A session.
NTIC develops environmentally beneficial products, primarily focusing on corrosion prevention under the ZERUST® brand. The company has a global presence in over 60 countries and has expanded its services into the oil and gas sector.
Northern Technologies International Corporation (NASDAQ: NTIC) reported record net sales for fiscal 2022, increasing 31.3% to $74.16 million. Key drivers included a 26.1% rise in Zerust® sales and a 52.7% jump in Natur-Tec® sales. However, NTIC's joint venture operating income fell by 21.9%, with China sales decreasing by 9.2%. Net income attributable to NTIC rose slightly to $6.33 million, with diluted earnings per share at $0.66. The company maintains a solid balance sheet, ending the year with $5.33 million in cash, despite facing supply chain challenges.
Northern Technologies International Corporation (NASDAQ: NTIC) announced that CFO Matthew Wolsfeld will present at the Southwest IDEAS Investor Conference on November 16, 2022, at the Westin Dallas Downtown, Texas. The presentation starts at 1:30 PM and can be accessed via the conference website. NTIC specializes in corrosion prevention products and services marketed mainly under the ZERUST® brand, with a strong presence in various sectors including automotive and oil and gas. The IDEAS Investor Conference aims to connect quality companies with investment professionals.
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