NTIC Q2 fiscal 2023 revenue up 9.1% to $18.3M record; net income rises to $0.09/share

NORTHERN TECHNOLOGIES INTERNATIONAL CORP

2024-Q2 EPS reported $0.09 revenue$38,223,591

Consolidated net sales increased 9.1% to a second quarter record $18,271,000.
Net income attributable to NTIC increased to $885,000 ($0.09/share) from $183,000 ($0.02/share) YoY.
ZERUST oil & gas net sales surged 212.4% to $1,805,000; NTIC China net sales fell 31.0%.
Gross margin improved to 35.0% from prior year; joint venture operating income up 9.8%.
Working capital $23.998M including $5.451M cash; expects NTIC China recovery in Q3.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

NORTHERN TECHNOLOGIES INTERNATIONAL CORP reported financial results for the second quarter of fiscal 2023.

Period: the second quarter of fiscal 2023
Result: reported results

Exact text from the filing

On April 13, 2023, Northern Technologies International Corporation (“NTIC”) announced its consolidated financial results for the fiscal quarter ended February 28, 2023.

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Source: SEC EDGAR

accession 0001171843-23-002271

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