---
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"
generated_at: "2026-06-20T16:19:36.957414+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# 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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-000227
- JSON: https://secwatch.observer/filing/0001171843-23-000227.json
- Plain text: https://secwatch.observer/filing/0001171843-23-000227.txt

## Key facts
- Earnings Releases
  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.
  - Period: first fiscal quarter ended November 30, 2022
  - Revenue: $19,953,000
  - Net income: $502,000
  - EPS: $0.05 per diluted share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/875582/000117184323000227/0001171843-23-000227-index.htm

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