secwatch.observer — SEC 8-K summary
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Issuer:     NORTHERN TECHNOLOGIES INTERNATIONAL CORP (NTIC)
CIK:        0000875582
Form:       8-K
Filed at:   2022-04-07T23:59:59+00:00
Accession:  0001171843-22-002437
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NTIC Q2 fiscal 2022 record sales $16.75M but net income drops to $183k from $1.3M YoY
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- Consolidated net sales record $16.75M, up 31% YoY, driven by higher demand and Zerust India acquisition.
- Net income attributable to NTIC fell to $183k ($0.02 diluted EPS) vs $1.313M ($0.13) last year; adjusted EPS $0.04.
- Joint venture operating income down 35.9% to $2.17M on higher raw material, freight, and labor costs.
- Zerust India acquisition (remaining 50% for $6.25M) contributed $2.23M in Q2 sales; consolidated since Sep 1, 2021.
- Cash $7.5M, working capital $25.3M; management expects H2 improvement from pricing adjustments.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/875582/000117184322002437/0001171843-22-002437-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/875582/000117184322002437/f8k_040522.htm
  HTML page:      https://secwatch.observer/filing/0001171843-22-002437

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