NORTHERN TECHNOLOGIES INTERNATIONAL CORP reported results for the quarter with revenue of $24.22M, up 12.6% from $21.51M a year earlier, while net loss attributable to the company was ($263.29K) versus net income of $121.78K in the prior-year quarter; diluted EPS was ($0.03) compared with $0.01 a year ago.
Financial Highlights
| MetricCurrent quarterPrior year quarterYoY change | Revenue¹$24.22M$21.51M12.6% | Net income²($263.29K)$121.78K(316.2%) | Diluted EPS³($0.03)$0.01(400%) |
¹ Reported as “Net sales”. ² Reported as “Net (Loss) Income Attributable To Ntic”. ³ Reported as “Net (Loss) Income Attributable To Ntic Per Common Share”.
Business Highlights
- Revenue growth of about 12% year-over-year for both the quarter and nine months was driven primarily by demand for ZERUST® and Natur‑Tec® products.
- ZERUST® accounted for 74.9% of sales, with strong industrial demand and accelerating adoption in oil & gas markets—particularly in the Middle East and Brazil—contributing materially to sales gains.
- Management continued to invest in ZERUST® oil & gas sales infrastructure, global distribution expansion and R&D to support future growth.
- Equity income from joint ventures rose notably, reflecting higher JV sales and fee structure changes that boosted JV earnings.
Original SEC Filing:
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