---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-22-007433"
form_type: "8-K"
ticker: "NTIC"
cik: "0000875582"
company_name: "NORTHERN TECHNOLOGIES INTERNATIONAL CORP"
filed_at: "2022-11-14T23:59:59+00:00"
generated_at: "2026-06-21T21:49:29.415434+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- Record annual net sales $74.2M (+31.3% YoY); net income $6.3M ($0.66) vs $6.3M ($0.64) prior year.
- Non-GAAP adjusted EPS $0.32, down from $0.64; Q4 net income $0.6M ($0.07) vs $1.7M ($0.17).
- Natur-Tec sales +52.7% to $16.7M; ZERUST industrial +28.8% to $49.9M; oil & gas +21.5% to $4.6M.
- Joint venture operating income fell 21.9% to $10.5M; JV net sales declined 14% to $104.1M.
- Board adopted amended bylaws including universal proxy rules, mandatory Delaware forum, emergency provisions.

## SEC filing metadata
- accession: 0001171843-22-007433
- form_type: 8-K
- ticker: NTIC
- cik: 0000875582
- company_name: NORTHERN TECHNOLOGIES INTERNATIONAL CORP
- filed_at: 2022-11-14T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 3.03, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/875582/000117184322007433/0001171843-22-007433-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/875582/000117184322007433/f8k_111422.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-22-007433
- JSON: https://secwatch.observer/filing/0001171843-22-007433.json
- Plain text: https://secwatch.observer/filing/0001171843-22-007433.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/875582/000117184322007433/0001171843-22-007433-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/875582/000117184322007433/0001171843-22-007433-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.