secwatch.observer — SEC 8-K summary
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Issuer:     NORTHERN TECHNOLOGIES INTERNATIONAL CORP (NTIC)
CIK:        0000875582
Form:       8-K
Filed at:   2024-11-19T23:59:59+00:00
Accession:  0001171843-24-006439
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NTIC reports record FY2024 sales $85.1M; net income up 86% to $5.4M
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- Full-year net sales $85,060,000 (+6.5% YoY); net income $5,409,000 ($0.55 diluted) vs $2,912,000 ($0.30) prior year.
- Q4 net sales $23,349,000 (+12.7% YoY); Q4 net income $1,836,000 ($0.19 diluted) vs $939,000 ($0.10).
- ZERUST oil & gas sales record $9,229,000 (+18.3%); Natur-Tec record $21,967,000 (+20.9%).
- Joint venture operating income fell 18.6% to $9,475,000, partly due to a $2M prior-year China liquidation gain.
- Gross profit margin improved 490 bps to 39.7%; working capital $23.7M; non-GAAP adjusted EPS $0.59 vs $0.27.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/875582/000117184324006439/0001171843-24-006439-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/875582/000117184324006439/f8k_111824.htm
  HTML page:      https://secwatch.observer/filing/0001171843-24-006439

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