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Stock impact report

Northern Technologies International Corp (NTIC) Reports Fiscal Year 2023 Results [Yahoo! Finance]

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: Yahoo! Finance
Joint venture operating income rose by 10.9% to $11.6 million for the fiscal year. NTIC's balance sheet remains strong with working capital of $22.95 million as of August 31, 2023. Warning! GuruFocus has detected 4 Warning Signs with NTIC. On November 21, 2023, Northern Technologies International Corp ( NASDAQ:NTIC ) released its 8-K filing , announcing financial results for the fourth quarter and full year fiscal 2023. Despite economic headwinds, NTIC achieved its third consecutive year of record sales, with consolidated net sales reaching $79,903,000, a 7.7% increase over the previous fiscal year. Financial Highlights NTIC's ZERUST industrial net sales saw a modest increase of 2.0% to $53,926,000, while ZERUST oil and gas net sales surged by 69.3% to $7,802,000. Natur-Tec product net sales also grew by 8.8% to $18,175,000. However, NTIC China experienced a decline in net sales of 14.5%, totaling $13,469,000. Joint venture operating income for the year increased by 10.9% Show less Read more
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