Northern Technologies reports Q2 EPS 4c vs 17c last year

Reports Q2 revenue $19M vs $20.8M last year. “NTIC‘s second-quarter performance demonstrates the increasing intensity of the headwinds we are currently facing, including recent changes in U.S. trade and economic policies, the seasonality of our industrial and oil and gas businesses, and the timing of certain Natur-Tec orders. Despite these current headwinds, we believe we are poised for a rebound in Natur-Tec and ZERUST oil and gas sales in the second half of the fiscal year,” said G. Patrick Lynch, President and CEO of NTIC.