Reports Q1 revenue $20.18M vs $19.95M last year. “NTIC produced respectable first quarter results, highlighted by stable demand across our ZERUST industrial and Natur-Tec markets, along with increased profitability. We also experienced our seventh consecutive quarter of ZERUST oil and gas sales above $1,500,000, although sales decreased year-over-year because timing pushed certain oil and gas customer projects into our second quarter. Despite this impact, not only did consolidated net sales increase during the quarter, but we also enjoyed an almost 5 percentage point increase in our gross margin,” said G. Patrick Lynch, President and CEO of NTIC.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on NTIC:
- Northern Technologies International (NTIC) Q1 Earnings Cheat Sheet
- Northern Technologies price target lowered to $19 from $20 at Northland
- Northern Technologies International Corporation Reports Financial Results For Fourth Quarter and Full Year Fiscal 2023
- Northern Technologies reports Q4 adjusted EPS 3c vs 8c last year
- Northern Technologies International Corporation to Announce Fiscal 2023 Fourth Quarter Financial Results and Host Conference Call
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue