Northern Technologies International ( (NTIC) ) has released its Q3 earnings. Here is a breakdown of the information Northern Technologies International presented to its investors.
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Northern Technologies International Corporation (NTIC) is a developer of corrosion inhibiting products and services, as well as bio-based and biodegradable polymer resin compounds, primarily serving the automotive, electronics, and oil and gas industries.
In its third quarter fiscal 2025 earnings report, NTIC announced a 4.0% increase in consolidated net sales, reaching $21.5 million, despite challenges in global trade and geopolitical tensions. The company highlighted its focus on expanding customer relationships and scaling opportunities in higher-growth markets.
Key financial metrics revealed a 7.1% increase in ZERUST® industrial net sales to $14.4 million, while ZERUST® oil and gas net sales decreased by 5.3% to $1.3 million. Natur-Tec® product net sales saw a slight decline of 1.2% to $5.8 million. NTIC China net sales showed significant growth, increasing by 27.4% to $4.5 million. However, joint venture operating income decreased by 12.9% to $2.3 million, and net income attributable to NTIC dropped to $122,000 from $977,000 in the previous year.
Despite the mixed results, NTIC remains optimistic about future growth, particularly in the ZERUST® oil and gas sector, where it continues to invest in sales infrastructure. The company is also monitoring potential positive impacts from European economic stimulus packages, especially in Germany, which could benefit its joint venture operations.
Looking ahead, NTIC’s management is confident in the company’s positioning for growth and profitability across its markets in fiscal 2026 and beyond, as it navigates macroeconomic challenges and continues to invest in strategic areas.