secwatch.observer — SEC 8-K summary
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Issuer:     NORTHERN TECHNOLOGIES INTERNATIONAL CORP (NTIC)
CIK:        0000875582
Form:       8-K
Filed at:   2022-07-07T23:59:59+00:00
Accession:  0001171843-22-004769
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NTIC Q3 FY2022: net sales record $18.97M (+23%), net income $1.0M ($0.11 EPS), down 51%
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- Consolidated net sales $18.965M (+23.0% YoY), a quarterly record.
- Net income attributable to NTIC $1.0M ($0.11 per diluted share), down from $2.054M ($0.21) in prior year.
- Joint venture operating income declined 25.6% to $2.695M; NTIC China sales down 10.2% due to COVID lockdowns.
- Natur-Tec product net sales increased 48.6% to $4.518M; ZERUST oil & gas up 47.0% to a record $1.505M.
- Non-GAAP adjusted net income $1.106M ($0.12 per share), compared to $2.054M ($0.21) in prior year.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/875582/000117184322004769/0001171843-22-004769-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/875582/000117184322004769/f8k_070622.htm
  HTML page:      https://secwatch.observer/filing/0001171843-22-004769

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