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8-K filed November 14, 2022, 6:59 PM ET ticker NTIC CIK 0000875582
earnings confidence high sentiment neutral materiality 0.75

NTIC reports record FY2022 net sales $74.2M (+31.3%); net income flat; adjusted EPS down; bylaw amended

NORTHERN TECHNOLOGIES INTERNATIONAL CORP

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NORTHERN TECHNOLOGIES INTERNATIONAL CORP reported the fourth quarter ended August 31, 2022 results: revenue $20,252,000, net income $648,000, EPS $0.07 per diluted share.

Period
the fourth quarter ended August 31, 2022
Revenue
$20,252,000
Net income
$648,000
EPS
$0.07 per diluted share
Result
reported results
Exact text from the filing
NTIC’s consolidated net sales increased 30.5% to $20,252,000 during the three months ended August 31, 2022, compared to $15,513,000 for the three months ended August 31, 2021.
View on SEC.gov
Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NORTHERN TECHNOLOGIES INTERNATIONAL CORP reported the fiscal year ended August 31, 2022 results: revenue $74,159,000, net income $6,325,000, EPS $0.66 per diluted share.

Period
the fiscal year ended August 31, 2022
Revenue
$74,159,000
Net income
$6,325,000
EPS
$0.66 per diluted share
Result
reported results
Exact text from the filing
Consolidated net sales increased 31.3% to a record $74,159,000 Consolidated net sales increased 13.6%, excluding sales as a result of the September 2021 acquisition of the remaining 50% ownership in NTIC’s Indian Joint Venture ZERUST ® net sales increased 26.1% to $57,459,000 ZERUST ® oil and gas net sales increased 21.5% to $4,608,000 NTIC China net sales decreased 9.2% to $15,754,000 Natur-Tec ® product net sales increased 52.7% to $16,700,000 Joint venture operating income decreased 21.9% to $10,494,000 Net income attributable to NTIC increased to $6,325,000, compared to $6,281,000 last year Net income per diluted share attributable to NTIC was $0.66, compared to $0.64 per share last year
View on SEC.gov

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Source: SEC EDGAR
accession 0001171843-22-007433
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