Northern Technologies Internati
7.66+0.00 (+0%)
Oct 29, 4:00:00 PM EDT · NasdaqGM · NTIC · USD
Key Stats
Market Cap
72.57MP/E (TTM)
24.71Basic EPS (TTM)
0.31Dividend Yield
0.03%Recent Filings
8-K
Q3 sales rise 4%, profit slips
Northern Technologies International Corporation reported third-quarter fiscal 2025 net sales up 4.0% to $21.5 million, driven by 7.1% growth in ZERUST industrial products to $14.4 million, though oil and gas sales dipped 5.3% to $1.3 million and Natur-Tec fell 1.2% to $5.8 million. Gross margin edged up to 38.4%, but joint venture income dropped 12.9% to $2.3 million and operating expenses rose 7.6% to $9.7 million, yielding net income of $122,000 or $0.01 per share—down sharply from $977,000 last year. Sales grew despite global tensions. Management eyes sequential oil and gas recovery in Q4 and fiscal 2026 upside from European stimulus.
10-Q
Q3 FY2025 results
Northern Technologies International Corporation posted steady Q3 FY2025 results, with net sales climbing 4.0% year-over-year to $21.5M, fueled by stronger ZERUST industrial demand that offset softer oil and gas sales, while gross margins held firm at 38.4%. Operating income dipped to $0.9M from $1.5M a year ago, pressured by higher selling and administrative costs tied to oil and gas expansion efforts, yet joint venture equity income contributed $1.0M despite a 30.5% y/y drop. Diluted EPS of $0.01 aligns with 9.5M weighted shares, reflecting anti-dilution from unexercised options. Cash swelled to $6.8M on $3.8M operating flows, supporting $7.4M line of credit draws and $2.8M China term loans at low rates, with full covenant compliance. The one-time $1.1M Employee Retention Credit boosted nine-month net income to $1.1M. Tariffs pose a persistent drag on margins.
8-K
Q2 sales fall 8.5%
Northern Technologies International Corporation reported Q2 fiscal 2025 net sales down 8.5% to $19.1 million, hit by 28.5% drop in ZERUST oil and gas and 11.8% in Natur-Tec, while industrial ZERUST dipped 3.7%. Gross margin slipped 440 basis points to 35.6%, operating expenses rose 2.4% to $8.8 million, yielding net income of $434,000 or $0.04 per share—versus $1.7 million last year. A $1.14 million ERC payment cushioned the blow. Headwinds intensify, yet rebound eyed in H2. Dividend trimmed to $0.01 per share.
10-Q
Q2 FY2025 results
Northern Technologies International Corporation saw net sales dip 8.5% year-over-year to $19.1M in Q2 FY2025 ended February 28, 2025, driven by softer ZERUST demand, yet gross margins held at 64.4% amid higher raw material costs. Joint venture income fell 47.3% to $0.6M, but a one-time $1.1M Employee Retention Credit boosted net income to $0.6M, or $0.04 diluted EPS—down from $0.17 last year, reconciling cleanly with 9.8M shares. Cash from operations generated $3.2M YTD, funding $2.6M in capex; free cash flow not disclosed in the 10-Q. Liquidity stays solid with $5.1M cash and $2.8M available on the $8M line maturing January 2026, while $2.7M term debt at 3.25% matures mid-2025. ZERUST oil & gas sales dropped 28.5%, but Natur-Tec grew 4.1% YTD on apparel demand. Volatility in oil prices lingers as a key risk.
8-K
Stockholders approve directors, pay
Northern Technologies International Corporation's stockholders overwhelmingly approved the eight director nominees at the January 17, 2025 annual meeting, with votes for ranging from 5.55 million to 5.81 million shares amid 974,282 broker non-votes. Executive compensation received strong advisory backing, passing 5.66 million to 399,000, while the ratification of Baker Tilly US, LLP as auditors sailed through unanimously with 7.04 million yes votes and negligible opposition. All proposals cleared with a quorum of 74.41% turnout. Board continuity holds firm.
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