{"schema_version":"secwatch.filing_event.v1","accession":"0001171843-23-000227","form_type":"8-K","ticker":"NTIC","cik":"0000875582","company_name":"NORTHERN TECHNOLOGIES INTERNATIONAL CORP","filed_at":"2023-01-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:48.346301+00:00","generated_at":"2026-06-20T16:19:36.957414+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"NTIC Q1 FY2023 net sales record $19.95M (+9.7% YoY); GAAP EPS $0.05 vs $0.46; adjusted EPS $0.06 vs $0.08","bullets":["Consolidated net sales rose 9.7% to a first-quarter record $19.95M, driven by ZERUST Oil & Gas (+66.9%) and Natur-Tec (+21.6%).","GAAP net income attributable to NTIC was $502k ($0.05 diluted) vs $4.49M ($0.46) prior year, due to prior-year gain on ZERUST India acquisition.","Non-GAAP adjusted net income was $608k ($0.06 diluted) vs $781k ($0.08) prior year.","Joint venture operating income fell 10.0% to $2.37M on lower JV sales, while operating expenses rose to $7.90M (39.6% of sales).","Management expects record Natur-Tec and ZERUST Oil & Gas sales in FY2023 and improved annual profitability vs FY2022."],"urls":{"canonical":"https://secwatch.observer/filing/0001171843-23-000227","json":"https://secwatch.observer/filing/0001171843-23-000227.json","markdown":"https://secwatch.observer/filing/0001171843-23-000227.md","text":"https://secwatch.observer/filing/0001171843-23-000227.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/875582/000117184323000227/0001171843-23-000227-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/875582/000117184323000227/f8k_011123.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T16:19:36.957414+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"fd979c8ed715a0e8c66f3056fbc05748573077ae","claim":"NORTHERN TECHNOLOGIES INTERNATIONAL CORP reported first fiscal quarter ended November 30, 2022 results: revenue $19,953,000, net income $502,000, EPS $0.05 per diluted share.","evidence_excerpt":"First quarter fiscal 2023 financial and operating highlights include (with growth rates on a fiscal quarter year-over-year basis): Consolidated net sales increased 9.7% to a first quarter record of $19,953,000 ZERUST ® net sales increased 6.6% to $15,370,000 ZERUST ® Oil & Gas net sales increased 66.9% to $1,622,000 NTIC China net sales decreased 7.7% to $3,747,000 Natur-Tec ® product net sales increased 21.6% to $4,583,000 Joint venture operating income decreased 10.0% to $2,371,000 Net income attributable to NTIC decreased to $502,000, or $0.05 per diluted share","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/875582/000117184323000227/0001171843-23-000227-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first fiscal quarter ended November 30, 2022"},{"label":"Revenue","value":"$19,953,000"},{"label":"Net income","value":"$502,000"},{"label":"EPS","value":"$0.05 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}