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Stock impact report

Northern Technologies International Corporation Reports Financial Results for First Quarter Fiscal 2023

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, Jan. 12, 2023 (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 first quarter of fiscal 2023. First quarter fiscal 2023 financial and operating highlights include (with growth rates on a fiscal quarter year-over-year basis): Consolidated net sales increased 9.7% to a first quarter record of $19,953,000ZERUST® net sales increased 6.6% to $15,370,000ZERUST® Oil & Gas net sales increased 66.9% to $1,622,000NTIC China net sales decreased 7.7% to $3,747,000Natur-Tec® product net sales increased 21.6% to $4,583,000Joint venture operating income decreased 10.0% to $2,371,000Net income attributable to NTIC decreased to $502,000, or $0.05 per diluted share, compared to $4,494,000, or $0.46 per diluted share; non-GAAP adjusted net income, excluding the gain on the acq Show less Read more
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