NTIC Q3 fiscal 2024 net sales down 1.4% to $20.7M, EPS $0.10 vs $0.11; Natur-Tec record sales up 20.1%

NORTHERN TECHNOLOGIES INTERNATIONAL CORP

2024-Q3 EPS reported $0.36 revenue$61,710,410

Net income attributable to NTIC $977K ($0.10 diluted) vs $1.06M ($0.11) in prior year, down 7.8%.
Consolidated net sales $20.7M, down 1.4% YoY; ZERUST oil & gas down 31.9% due to timing of $600K orders moving to Q4.
Natur-Tec net sales $5.85M, a quarterly record, up 20.1% YoY driven by North America and India.
Gross margin improved 210 bps to 38.2%; cash from operations $7.6M YTD, up 116%.
Management expects significant rebound in oil & gas sales in Q4 fiscal 2024.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.