earnings
confidence high
sentiment neutral
materiality 0.65
NTIC reports FY2022 net sales $74.2M, up 31.3% YoY; GAAP EPS $0.32
NORTHERN TECHNOLOGIES INTERNATIONAL CORP
- FY2022 total net sales $74.2M (up 31.3% vs FY2021), driven by recovery from pandemic and higher demand globally.
- GAAP diluted EPS $0.32; includes $0.34 net impact from Zerust India acquisition, adjusted EPS ~$0.66.
- JV net sales declined 22% to $25.9M as Zerust India consolidated; global net sales (incl. JVs) $178.2M.
- Natur-Tec sales $16.7M (23% of total); Oil & Gas sales $4.6M, up 21% YoY. Dividend $0.28 annualized.
- Strategic focus: 15-20%+ revenue growth, SG&A growth <10%, and continued dividend increases.