Consolidated Net Sales Growth
Consolidated net sales increased by 4% to $21,500,000 compared to the same quarter last fiscal year, demonstrating growth in spite of economic uncertainties.
Strong Performance in China
NTSC China experienced a 27.4% increase in net sales, reaching $4,500,000, marking the second-highest quarterly revenue since becoming a wholly-owned subsidiary in 2015.
Gross Margin Improvement
Gross margin increased to 38.4%, up from 38.2% the previous year, reflecting improved profitability and product mix.
ZERUST Oil and Gas Trailing Twelve-Month Sales Growth
ZERUST Oil and Gas sales grew by 15.4% over the trailing twelve months, reaching $8,600,000 compared to $7,400,000 in the prior period.