Northern Technologies International Corp. - NTIC STOCK NEWS

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.