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Stock impact report

Northern Technologies International Corporation Reports Financial Results For Second Quarter Fiscal 2019

Northern Technologies International Corporation (NTIC) 
Last northern technologies international corporation earnings: 4/7 08:00 am Check Earnings Report
US:NASDAQ Investor Relations: ir.ntic.com/investor-relations
Company Research Source: GlobeNewswire
MINNEAPOLIS, April 05, 2019 (GLOBE NEWSWIRE) -- Northern Technologies International Corporation (NASDAQ: NTIC), a leading developer of corrosion inhibiting products and services, as well as bio-based and biodegradable polymer resin compounds, today reported its financial results for the second quarter of fiscal 2019.  Second quarter fiscal 2019 highlights include (with growth rates compared to second quarter fiscal 2018):   Consolidated net sales increased 9.0% to $13,315,000ZERUST® product net sales decreased 10.6% to $9,108,000ZERUST® oil and gas sales decreased 38.3% to $357,000Natur-Tec® product net sales increased 108.0% to a quarterly record $4,207,000Natur-Tec ® sales represent 31.6% of second quarter sales, compared to 16.6% for the same period last fiscal yearJoint venture operating income decreased 7.7% to $3,152,000Net income attributable to NTIC increased 5.2% to $1,402,000Net income attributable to NTIC was $0.30 per diluted share, an increase of 3.9% “North American Show less Read more
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