---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-007219"
form_type: "8-K"
ticker: "NTIC"
cik: "0000875582"
company_name: "NORTHERN TECHNOLOGIES INTERNATIONAL CORP"
filed_at: "2023-11-21T23:59:59+00:00"
generated_at: "2026-06-07T23:05:24.764817+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# NTIC reports record FY23 sales $79.9M (+7.7% YoY) but net income falls 54% to $2.9M; restates prior quarters

## Summary
- FY23 net sales record $79.9M, up 7.7% YoY; ZERUST oil & gas sales up 69.3% to $7.8M.
- Net income attributable to NTIC dropped to $2.9M ($0.30 diluted) from $6.3M ($0.66) prior year.
- Adjusted non-GAAP net income $2.57M ($0.27) vs $3.03M ($0.32) prior year.
- Q4 net sales $20.7M (+2.3%); net income $939K ($0.10) vs $648K ($0.07) prior year.
- Restating prior quarters due to incorrect recognition of employee retention credits; net income reduced $474K and $466K.

## SEC filing metadata
- accession: 0001171843-23-007219
- form_type: 8-K
- ticker: NTIC
- cik: 0000875582
- company_name: NORTHERN TECHNOLOGIES INTERNATIONAL CORP
- filed_at: 2023-11-21T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/875582/000117184323007219/0001171843-23-007219-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/875582/000117184323007219/f8k_112023.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-007219
- JSON: https://secwatch.observer/filing/0001171843-23-007219.json
- Plain text: https://secwatch.observer/filing/0001171843-23-007219.txt

## Key facts
- Earnings Releases
  NORTHERN TECHNOLOGIES INTERNATIONAL CORP reported financial results for fourth fiscal quarter and fiscal year ended August 31, 2023.
  - Period: fourth fiscal quarter and fiscal year ended August 31, 2023
  - Result: reported results
  source text: On November 21, 2023, Northern Technologies International Corporation (“NTIC”) announced its consolidated financial results for the fourth fiscal quarter and fiscal year ended August 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/875582/000117184323007219/0001171843-23-007219-index.htm

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