NTIC reports record Q2 sales $20.8M; EPS jumps 325% to $0.17

NORTHERN TECHNOLOGIES INTERNATIONAL CORP

2024-Q2 EPS reported $0.27 revenue$41,024,213

Net sales up 14.1% to $20.8M (record Q2); diluted EPS $0.17 vs $0.04 YoY (+325%).
Natur-Tec sales record $5.6M (+47.5%); ZERUST oil & gas record $2.2M (+20.1%).
Gross margin improved 551 bps to 40.0%; operating cash flow $5.6M YTD.
Net cash improved to $0.86M from net debt $0.95M at Aug 2023.
Joint venture operating income up 4.2% to $2.5M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NORTHERN TECHNOLOGIES INTERNATIONAL CORP reported financial results for second quarter of fiscal 2024.

Period: second quarter of fiscal 2024
Result: reported results

Exact text from the filing

On April 11, 2024, Northern Technologies International Corporation (“NTIC”) announced its consolidated financial results for the fiscal quarter ended February 29, 2024.

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Source: SEC EDGAR

accession 0001171843-24-001956

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