Northern Technologies International Corporation (NASDAQ: NTIC) |
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Price: $7.2000
$0.03
0.418%
|
Day's High:
| $7.245
| Week Perf:
| -2.57 %
|
Day's Low: |
$ 7.15 |
30 Day Perf: |
-2.7 % |
Volume (M): |
23 |
52 Wk High: |
$ 17.05 |
Volume (M$): |
$ 164 |
52 Wk Avg: |
$11.73 |
Open: |
$7.17 |
52 Wk Low: |
$7.01 |
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|
Market Capitalization (Millions $) |
70 |
Shares
Outstanding (Millions) |
10 |
Employees |
72 |
Revenues (TTM) (Millions $) |
84 |
Net Income (TTM) (Millions $) |
5 |
Cash Flow (TTM) (Millions $) |
0 |
Capital Exp. (TTM) (Millions $) |
5 |
Northern Technologies International Corporation
Northern Technologies International Corporation (NTIC) develops and markets
proprietary environmentally beneficial products and services in over 60 countries
either directly or via a network of subsidiaries, joint ventures, independent
distributors and agents. NTIC’s primary business is corrosion prevention
marketed mainly under the ZERUST® and EXCOR® brands (collectively “ZERUST®”).
NTIC has been selling corrosion prevention products and services to the automotive,
electronics, electrical, mechanical, military and retail consumer markets for
over 40 years, and in recent years, has targeted and expanded into the oil and
gas industry. NTIC also markets and sells a portfolio of biobased and certified
compostable (fully biodegradable) polymer resin compounds and finished products
under the Natur-Tec® brand. These products are intended to reduce the carbon
footprint of NTIC’s customers and provide environmentally sound waste
disposal options.
NTIC’s ZERUST® rust and corrosion inhibiting products include plastic
and paper packaging, liquids and coatings, rust removers and cleaners, diffusers
and engineered solutions designed specifically for the oil and gas industry.
NTIC also offers worldwide on-site technical consulting for rust and corrosion
prevention issues. NTIC’s technical service consultants work directly
with the end users of NTIC’s ZERUST® rust and corrosion inhibiting
products to analyze their specific needs and develop systems to meet their technical
requirements. In North America, NTIC sells its ZERUST® corrosion prevention
solutions through a network of independent distributors and agents supported
by a direct sales force. Internationally, NTIC sells its ZERUST® corrosion
prevention solutions through its wholly-owned subsidiary in China, NTIC (Shanghai)
Co., Ltd. (NTIC China), its majority-owned joint venture holding company for
NTIC’s joint venture investments in the Association of Southeast Asian
Nations (ASEAN) region, its majority-owned subsidiary in Brazil, Zerust Prevenção
de Corrosão S.A. (Zerust Brazil), and its wholly-owned subsidiary in
Mexico, ZERUST-EXCOR MEXICO, S. de R.L. de C.V (Zerust Mexico), and joint venture
arrangements in North America, Europe and Asia.
One of NTIC’s strategic initiatives is to expand into and penetrate other
markets for its corrosion prevention solutions. Consequently, for the past several
years, NTIC has focused significant sales and marketing efforts on the oil and
gas industry, as the infrastructure that supports that industry is typically
constructed using metals that are highly susceptible to corrosion. NTIC believes
that its ZERUST® corrosion prevention solutions will minimize maintenance
downtime on critical oil and gas industry infrastructure, extend the life of
such infrastructure and reduce the risk of environmental pollution due to corrosion
leaks.
NTIC markets and sells its ZERUST® rust and corrosion prevention solutions
to customers in the oil and gas industry across several countries either directly,
through its subsidiaries or through its joint venture partners and other strategic
partners. The sale of ZERUST® corrosion prevention solutions to customers
in the oil and gas industry typically involves a long sales cycle, often including
a one- to multi-year trial period with each customer and a slow integration
process thereafter.
Natur-Tec® biobased and compostable plastic resin compounds are manufactured
using NTIC’s patented and/or proprietary technologies and are intended
to replace conventional petroleum-based plastics. The Natur-Tec® biopolymer
resin compound portfolio includes formulations that have been optimized for
a variety of applications including blown-film extrusion, extrusion coating,
injection molding, and engineered plastics. These resins are certified to be
fully biodegradable in a composting environment and are currently being used
to produce finished products including can liners, shopping and grocery bags,
lawn and leaf bags, pet waste collection bags, cutlery and coated paper products.
In North America, NTIC markets its Natur-Tec® resins and finished products
primarily through a network of regional and national distributors as well as
independent agents. NTIC continues to see significant opportunities for finished
bioplastic products and, therefore, continues to strengthen and expand its North
American distribution network for finished Natur-Tec® bioplastic products.
Internationally, NTIC sells its Natur-Tec® resins and finished products
both directly and through its majority-owned subsidiary in India, Natur-Tec
India Private Limited (Natur-Tec India), and through certain joint ventures,
distributors and agents.
Company Address: 4201 Woodland Road Circle Pines 55014 MN
Company Phone Number: 225-6600 Stock Exchange / Ticker: NASDAQ NTIC
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Customers Net Income grew by |
NTIC's Customers Net Profit Margin grew to |
255.23 % |
3.13 %
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Stock Performances by Major Competitors |
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Announcement
Published Tue, Nov 19 2024 1:00 PM UTC
Northern Technologies International Corporation Outshines Competitors in Fiscal Year 2024 In an impressive financial disclosure, Northern Technologies International Corporation (NTIC), a prominent name in corrosion-inhibiting solutions and biodegradable polymer resin compounds, has announced its fiscal performance for the fourth quarter and the full year ending on August 31,...
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Dividend
Published Wed, Oct 16 2024 12:00 PM UTC
Northern Technologies International Corporation Announces Sustained Earnings Growth with Quarterly Cash DividendAs of the writing of this article, Northern Technologies International Corporation (NASDAQ: NTIC) remains steadfast in its commitment to rewarding shareholders, as evidenced by the recent announcement of their quarterly cash dividend. On October 16, 2024, the Minne...
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Dividend
Published Wed, Jul 17 2024 12:00 PM UTC
Northern Technologies International Corporation Continues to Reward Shareholders with Quarterly Dividend Amid Strong Performance MINNEAPOLIS, July 17, 2024 - Northern Technologies International Corporation (NASDAQ: NTIC), a leading developer of corrosion inhibiting products and services, as well as bio-based and biodegradable polymer resin compounds, has once again demon...
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Stocks on the Move
Published Sat, Jul 13 2024 4:05 PM UTC
Northern Technologies International Corp Reports Mixed Q3 2024 Earnings, Stock Remains Unattractive Despite Positive Market MovementInformation from various articles suggests that Northern Technologies International Corp (NTIC) reported disappointing fiscal Q3 2024 results, causing a 7% drop in its stock price. However, despite this setback, the company has outperformed the ...
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Northern Technologies International Corporation
Northern Technologies International Corporation (NTIC), a prominent developer of corrosion inhibiting products and services, as well as bio-based and biodegradable polymer resin compounds, recently announced its financial results for the third quarter of fiscal 2024. Unfortunately, the company reported disappointing earnings, with a significant decline in earnings per share (EPS) and revenue. During the financial time-frame ending May 31, 2024, NTIC experienced a decline of -9.09% in EPS, falling from $0.11 to $0.10. Additionally, the company's revenue decreased by -1.352% to $20.69 million, compared to the previous year. This drop in top-line figures is noteworthy as it contrasts with the revenue gain reported by the rest of the Chemical Manufacturing sector.
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Per Share |
Current |
Earnings (TTM) |
0.38 $ |
Revenues (TTM) |
8.66 $
|
Cash Flow (TTM) |
0.03 $ |
Cash |
0.52 $
|
Book Value |
7.57 $
|
Dividend (TTM) |
0.28 $ |
|
Per Share |
|
Earnings (TTM) |
0.38 $
|
Revenues (TTM) |
8.66 $ |
Cash Flow (TTM) |
0.03 $ |
Cash |
0.52 $
|
Book Value |
7.57 $ |
Dividend (TTM) |
0.28 $ |
|
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ZERUST |
|
73.99 % |
of total Revenue |
NaturTec |
|
26.01 % |
of total Revenue |
Direct Cost of Goods Sold ZERUST |
|
0 % |
of total Revenue |
Direct Cost of Goods Sold NaturTec |
|
0 % |
of total Revenue |
Inside the USA to Unaffiliated Customers |
|
34.96 % |
of total Revenue |
Joint Ventures in Which the Company is a Shareholder Directly and Indirectly Outside the USA |
|
2.86 % |
of total Revenue |
Unaffiliated Customers Outside the USA |
|
62.18 % |
of total Revenue |
Other Countries |
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11.97 % |
of total Revenue |
CHINA |
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19.58 % |
of total Revenue |
BRAZIL |
|
7.95 % |
of total Revenue |
INDIA |
|
25.54 % |
of total Revenue |
UNITED STATES |
|
34.96 % |
of total Revenue |
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On January 4 2024 the Northern Technologies International provided following guidance
Northe...
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