secwatch.observer — SEC 8-K summary
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Issuer:     NORTHERN TECHNOLOGIES INTERNATIONAL CORP (NTIC)
CIK:        0000875582
Form:       8-K
Filed at:   2022-11-14T23:59:59+00:00
Accession:  0001171843-22-007433
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 3.03, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/875582/000117184322007433/0001171843-22-007433-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/875582/000117184322007433/f8k_111422.htm
  HTML page:      https://secwatch.observer/filing/0001171843-22-007433

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