NTIC reports record FY2021 net sales $56.5M (+18.6% YoY); EPS $0.64 vs loss $0.15

NORTHERN TECHNOLOGIES INTERNATIONAL CORP

Record FY2021 net sales $56.49M, up 18.6%; net income $6.28M vs loss $1.34M; diluted EPS $0.64 vs loss $0.15.
Q4 net sales $15.51M, up 54.7% YoY; net income $1.65M vs loss $1.77M.
ZERUST net sales +32.1% to $45.55M; Natur-Tec net sales -16.9% to $10.94M.
Joint venture operating income +51.2% to $13.43M; JV net sales +39% to $120.96M.
Balance sheet strong with no debt, cash $7.68M; $6.2M invested in new China facility.

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