---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-004472"
form_type: "8-K"
ticker: "NTIC"
cik: "0000875582"
company_name: "NORTHERN TECHNOLOGIES INTERNATIONAL CORP"
filed_at: "2023-07-13T23:59:59+00:00"
generated_at: "2026-06-13T09:15:08.100037+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# NTIC Q3 FY2023 net sales up 10.6% to record $20.97M; net income +52.5%

## Summary
- Consolidated net sales rose 10.6% YoY to a quarterly record $20.97M.
- ZERUST oil & gas net sales surged 32.7% to record $2.0M; Natur-Tec up 7.8%.
- Net income attributable to NTIC increased 52.5% to $1.53M ($0.16 diluted EPS).
- Non-GAAP adjusted diluted EPS was $0.17 vs $0.12 prior year.
- Operating cash flow $1.30M; working capital $23.7M as of May 31, 2023.

## SEC filing metadata
- accession: 0001171843-23-004472
- form_type: 8-K
- ticker: NTIC
- cik: 0000875582
- company_name: NORTHERN TECHNOLOGIES INTERNATIONAL CORP
- filed_at: 2023-07-13T23:59:59+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/875582/000117184323004472/0001171843-23-004472-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/875582/000117184323004472/f8k_071223.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-004472
- JSON: https://secwatch.observer/filing/0001171843-23-004472.json
- Plain text: https://secwatch.observer/filing/0001171843-23-004472.txt

## Key facts
- Earnings Releases
  NORTHERN TECHNOLOGIES INTERNATIONAL CORP reported third quarter of fiscal 2023 results: revenue $20,970,000, net income $1,526,000, EPS $0.16 per diluted share.
  - Period: third quarter of fiscal 2023
  - Revenue: $20,970,000
  - Net income: $1,526,000
  - EPS: $0.16 per diluted share
  - Result: reported results
  source text: Third quarter fiscal 2023 highlights include (with growth rates compared to third quarter of fiscal 2022): Consolidated net sales increased 10.6% to a quarterly record of $20,970,000 ZERUST ® industrial net sales increased 9.0% to a quarterly record of $14,103,000 ZERUST ® oil and gas net sales increased 32.7% to a quarterly record of $1,997,000 Natur-Tec ® product net sales increased 7.8% to a quarterly record of $4,869,000 NTIC China net sales decreased 8.4% to $3,318,000 Joint venture operating income increased 0.5% to $2,708,000 Net income attributable to NTIC increased 52.5% to $1,526,000, compared to $1,000,000 during prior year period Net income per diluted share attributable to NTIC was $0.16, compared to $0.11 during prior year period
  evidence_url: https://www.sec.gov/Archives/edgar/data/875582/000117184323004472/0001171843-23-004472-index.htm

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