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Overview of Northern Technologies International Corporation (NTIC)
Northern Technologies International Corporation (NTIC) is a United States-based enterprise with an extensive history of utilizing material science to develop corrosion prevention and environmentally beneficial products for industrial and consumer applications. From its inception in 1970, the company has evolved from its roots in oil analyzer instruments into a diversified global provider of clean and green technologies.
Business Segments and Core Offerings
NTIC operates through two main segments:
- ZERUST Products and Services: This segment is dedicated to corrosion inhibition and control, offering a robust portfolio that addresses the challenges faced by industries such as automotive, electronics, electrical, mechanical, military, retail consumer markets, and oil and gas. NTIC provides on-site technical consulting and customized solutions for corrosion prevention that cater to the specific needs of its clients.
- Natur-Tec Products: Focused on sustainability, this segment markets a range of bio-based and biodegradable polymer resin compounds along with finished products. These offerings are designed with environmental impact in mind, serving niche markets that prioritize compostable and compost-friendly materials.
Global Reach and Operational Excellence
NTIC’s business model leverages a global network of subsidiaries, joint venture partners, independent distributors, and agents across more than 65 countries. By integrating expertise from diverse markets, the company is able to tailor its technical service consulting and product innovation to meet regional demands. This strategy not only reinforces the company’s market position but also underpins its reputation for perseverance and integrity in commercializing clean technologies for niche markets.
Market Position and Competitive Landscape
Operating in the industries of corrosion control and sustainable materials, NTIC distinguishes itself through the depth of its technical knowledge, extensive experience, and global partnerships. The company’s long-standing commitment to developing innovative solutions helps it address complex challenges that customers face in harsh industrial environments. Its dual brand approach allows NTIC to diversify its revenue streams while meeting the specific needs of different market segments.
Technical Expertise and Industry Integration
The company showcases a nuanced understanding of industrial processes by combining on-site technical expertise with advanced material science innovations. This integration enables NTIC to provide practical, science-based solutions that improve operational efficiency and asset longevity, reinforcing its role as a trusted partner in corrosion management and sustainable product development.
Summary
In summary, Northern Technologies International Corporation stands out as a knowledgeable, agile, and technically sophisticated player in the industrial and environmental technology sectors. Its strategic focus on corrosion prevention and biodegradable materials, along with a comprehensive network of global partnerships, underscores its enduring commitment to quality, performance, and environmental stewardship.
Northern Technologies International Corporation (NASDAQ: NTIC) will release its fiscal 2022 second quarter financial results on April 7, 2022, before the market opens. A conference call is scheduled for the same day at 9:00 a.m. Eastern Time, featuring CEO Patrick Lynch and CFO Matt Wolsfeld discussing the results and future outlook. Investors can access the live audio webcast and participate in a Q&A session. NTIC specializes in corrosion prevention products marketed under the ZERUST® brand and operates in over 60 countries.
Northern Technologies International Corporation (NASDAQ: NTIC) announced a quarterly cash dividend of $0.07 per share, payable on February 16, 2022, to shareholders of record by February 2, 2022. NTIC specializes in corrosion prevention and offers bio-based and biodegradable polymer resins, operating in over 60 countries with a focus on markets such as automotive, electronics, and oil and gas. The company has a history of more than 40 years in corrosion inhibiting products, primarily marketed under the ZERUST® brand.
Northern Technologies International Corporation (NASDAQ: NTIC) reported a record net sales of $18.19 million for Q1 fiscal 2022, a 42.4% year-over-year increase. ZERUST® sales rose 41.1% to $14.42 million, with significant growth in oil and gas sectors. However, net income per diluted share increased to $0.46, up from $0.13, influenced by a one-time gain related to the acquisition of Zerust India. Operating expenses rose to $7.07 million, but improved as a percentage of sales. Higher raw material and labor costs impacted profitability. The balance sheet remains robust with $8.05 million in cash and equivalents.
Northern Technologies International Corporation (NASDAQ: NTIC) will release its fiscal 2022 first quarter financial results on January 6, 2022, before market opening. A conference call led by CEO Patrick Lynch and CFO Matt Wolsfeld is scheduled for the same day at 9:00 a.m. ET to discuss the results and outlook, followed by a Q&A session. Investors can access the live audio webcast on NTIC's Investor Relations webpage. The company focuses on environmentally beneficial products, primarily in corrosion prevention under the ZERUST® brand.
Northern Technologies International Corporation (NASDAQ: NTIC) reported strong financial results for the fourth quarter and fiscal year ended August 31, 2021. Consolidated net sales rose 18.6% year-over-year to $56.49 million, with a notable 54.7% increase in Q4 sales. ZERUST® product sales surged 32.1% to $45.55 million. Net income attributed to NTIC reached $6.28 million, translating to $0.64 per share, reversing last year’s losses. The company maintains a strong balance sheet with no debt and $7.68 million in cash, signaling a positive outlook for fiscal 2022.
Northern Technologies International Corporation (NASDAQ: NTIC) will release its fiscal 2021 fourth quarter financial results on November 17, 2021, before market opening. A conference call, led by CEO Patrick Lynch and CFO Matt Wolsfeld, is scheduled for the same day at 9:00 AM ET, to discuss the results and future outlook. The call will include a question and answer session for investors and analysts. Interested parties can access the live audio webcast via the link provided on NTIC's Investor Relations webpage.
Northern Technologies International Corporation (NASDAQ: NTIC) has announced a quarterly cash dividend of $0.07 per share, marking a 7.7% increase from the prior rate of $0.065. The dividend is set to be paid on November 17, 2021, to stockholders of record as of November 3, 2021.
NTIC specializes in developing environmentally beneficial products, particularly corrosion prevention solutions marketed under the ZERUST® brand, and bio-based resins under the Natur-Tec® brand, serving over 60 countries.
Northern Technologies International Corporation (NASDAQ: NTIC) announced the acquisition of the remaining 50% stake in HARITA-NTI LTD. (Zerust India) for $6.25 million. This purchase is expected to add approximately $10 million to consolidated net sales and $0.10 per diluted share in earnings for fiscal year 2022. Zerust India, which generated $6.7 million in revenue over nine months ending May 31, 2021, will now be fully consolidated in NTIC's financial statements. The acquisition strengthens NTIC's presence in the growing Indian market, enhancing service capabilities for multinational customers.
Northern Technologies International Corporation (NASDAQ: NTIC) announced a quarterly cash dividend of $0.065 per share, payable on August 18, 2021, to shareholders on record as of August 4, 2021. NTIC specializes in corrosion prevention products, primarily under the ZERUST® brand, serving various industries for over 40 years. The company also produces bio-based and biodegradable polymer resins marketed under the Natur-Tec® brand, expanding its reach into more than 60 countries.
Northern Technologies International Corporation (NASDAQ: NTIC) reported exceptional financial results for the third quarter of fiscal 2021, with consolidated net sales rising by 58.2% to a record $15,419,000. Key highlights include ZERUST® industrial net sales up 61.4% to $10,101,000 and net income attributable to NTIC reaching $2,054,000, marking a significant turnaround from a net loss of $(965,000) in the previous year. The company maintains a strong balance sheet with no debt and total cash and cash equivalents of $11,006,000, supporting future growth and operations.
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