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Stock impact report

Northern Technologies International Corporation Reports Financial Results for Second Quarter Fiscal 2024

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 11, 2024 (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 2024. Second quarter fiscal 2024 financial and operating highlights include (with growth rates on a fiscal quarter year-over-year basis): Consolidated net sales increased 14.1% to a second quarter record of $20,843,000ZERUST® industrial net sales increased 3.1% to a second quarter record of $13,051,000ZERUST® oil and gas net sales increased 20.1% to a second quarter record $2,167,000Natur-Tec® product net sales increased 47.5% to a quarterly record of $5,624,000NTIC China net sales increased 20.3% to $3,456,000Gross profit as a percent of second quarter net sales increased 551 basis points to 40.0%Joint venture operating income increased 4.2% to $2,481,000Net income att Show less Read more
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