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Stock impact report

Northern Technologies International Corporation Reports Financial Results for Fourth Quarter and Full Year 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, Nov. 19, 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 fourth quarter and fiscal year ended August 31, 2024.   Full year fiscal 2024 financial and operating highlights include (with growth rates on a fiscal year-over-year basis): Consolidated net sales increased 6.5% to a record $85,060,000ZERUST® industrial net sales decreased 0.1% to $53,863,000ZERUST® oil and gas net sales increased 18.3% to a record $9,229,000Natur-Tec® product net sales increased 20.9% to a record of $21,967,000NTIC China net sales increased 5.8% to $14,245,000Gross profit, as a percent of net sales, increased 490 basis points to 39.7%Joint venture operating income decreased 18.6% to $9,475,000Net income attributable to NTIC increased 85.7% to $5,409,000, compared to $2,912,000Net Show less Read more
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