NTIC Q1 fiscal 2022 sales record $18.2M (+42%), adjusted EPS falls to $0.08 from $0.13

NORTHERN TECHNOLOGIES INTERNATIONAL CORP

2022-Q1 EPS reported $0.46 revenue$18,193,413

Consolidated net sales $18.19M, up 42.4% YoY; record first quarter.
GAAP net income $4.49M ($0.46/diluted share) includes $3.95M one-time gain from Zerust India acquisition.
Non-GAAP adjusted net income $781K ($0.08/share), down from $1.26M ($0.13) last year.
Zerust India acquisition contributed $2.45M in sales; total cost $6.25M cash.
Joint venture operating income down 16.7% to $2.63M; inflationary pressures cited.

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