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Stock impact report

Northern Technologies International Corporation Reports Financial Results for Second Quarter Fiscal 2021

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 08, 2021 (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 2021.  Second quarter fiscal 2021 highlights include (with growth rates compared to second quarter of fiscal 2020, except as otherwise noted):   Consolidated net sales decreased 3.4% to $12,783,000ZERUST® net sales increased 14.1% to $10,284,000NTIC China net sales increased 46.9% to $4,444,000Natur-Tec® product net sales decreased 40.8% to $2,499,000Joint venture operating income increased 29.3% to $3,383,000Net income attributable to NTIC increased 629.9% to $1,313,000Net income per diluted share attributable to NTIC increased 550.0% to $0.13Consolidated balance sheet at February 28, 2021, was strong with no debt and total cash and cash equivalents and available for s Show less Read more
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