Northern Technologies International Corporation (NTIC) |
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Price: $13.9700
$-0.10
-0.711%
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Day's High:
| $14.0054
| Week Perf:
| -1.62 %
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Day's Low: |
$ 13.69 |
30 Day Perf: |
2.19 % |
Volume (M): |
12 |
52 Wk High: |
$ 14.97 |
Volume (M$): |
$ 165 |
52 Wk Avg: |
$12.21 |
Open: |
$13.70 |
52 Wk Low: |
$10.08 |
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Market Capitalization (Millions $) |
136 |
Shares
Outstanding (Millions) |
10 |
Employees |
65 |
Revenues (TTM) (Millions $) |
80 |
Net Income (TTM) (Millions $) |
4 |
Cash Flow (TTM) (Millions $) |
0 |
Capital Exp. (TTM) (Millions $) |
3 |
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
NTIC is expected to report next financial results on April 12, 2024. |
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Customers Net Income fell by |
NTIC's Customers Net Profit Margin fell to |
-47.48 % |
2.74 %
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Stock Performances by Major Competitors |
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Dividend
Published Wed, Jan 17 2024 1:03 PM UTC
Northern Technologies International Corporation Declares Quarterly Cash Dividend of $0.07 per Share MINNEAPOLIS, Jan. 17, 2024 - Northern Technologies International Corporation (NASDAQ: NTIC), a renowned developer of corrosion inhibiting products, as well as bio-based and biodegradable polymer resin compounds, recently announced the declaration of a quarterly cash divid...
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Northern Technologies International Corporation
Northern Technologies International Corporation (NTIC) has recently announced some impressive financial results, leaving investors delighted. In the fiscal time-frame ending November 30, 2023, NTIC witnessed a remarkable rise in profitability despite a slower increase in revenue. Income per share surged by 80% to an impressive $0.09 per share, while revenue saw a slight rise of 1.147% to $20.18 million. This outstanding performance has set NTIC apart from its counterparts in the Chemical Manufacturing sector, as the rest of the industry only showed a revenue rise of 1.01% during the same period. Comparing these results to the previous reporting period, where earnings per share were at $0.00 and revenue decreased by -2.549% to $20.71 million, the progress is evident. Net profits for the fiscal year that ended on November 30, 2023, reached $1.085 million, marking a remarkable 71.21% increase from the zero profits achieved in the corresponding reporting period the previous year.
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Northern Technologies International Corporation
Northern Technologies International Corporation (NTIC) has demonstrated its resilience in the fourth quarter of 2023, as it reached a break-even point despite only a moderate revenue rise of 2.26% to $20.71 million. This is particularly noteworthy considering the challenging landscape faced by entities in the Chemical Manufacturing sectors, many of whom have experienced diminishing businesses and declining top-line revenues. In comparison to the previous quarter, NTIC's earnings per share decreased from $0.16 to $0. The revenue also dipped by -1.24% from $20.97 million. Additionally, the net profits for the most recent fiscal period reduced by -5.24% from $0.957 million to $0.907 million in the corresponding period a year before.
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Dividend
Published Wed, Oct 18 2023 11:00 AM UTC
In an exciting development for its shareholders, Northern Technologies International Corporation (NASDAQ: NTIC) has declared a quarterly cash dividend of $0.07 per share. This leading developer of corrosion inhibiting products and services, along with bio-based and biodegradable polymer resin compounds, aims to reward its loyal investors for their continued support. The...
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Northern Technologies International Corporation
Financial News Report: Northern Technologies International Corporation Shows Strong Profit and Revenue Growth Northern Technologies International Corporation (NTIC) has reported significant growth in its profit and revenue figures for the most recent fiscal period. The company's profit per share increased by 45.45% to $0.16 per share, while revenue saw a healthy increment of 10.571% to $20.97 million compared to the prior year period. This growth follows a prior financial reporting period where income per share soared by 77.78% from $0.09 per share and revenue advanced by 14.772% from $18.27 million. These figures demonstrate the company's consistent upward trajectory and sustained revenue growth.
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Per Share |
Current |
Earnings (TTM) |
0.24 $ |
Revenues (TTM) |
8.26 $
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Cash Flow (TTM) |
0 $ |
Cash |
0.63 $
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Book Value |
7.32 $
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Dividend (TTM) |
0.28 $ |
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Per Share |
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Earnings (TTM) |
0.24 $
|
Revenues (TTM) |
8.26 $ |
Cash Flow (TTM) |
0 $ |
Cash |
0.63 $
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Book Value |
7.32 $ |
Dividend (TTM) |
0.28 $ |
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