Northern Technologies International Corporation (NTIC)
Sector • Basic Materials Industry • Chemical Manufacturing |
Industry • Chemical Manufacturing |
Sector • Basic Materials |
Income Tumbles by -89.13 % at the Chemical Manufacturing company during the financial first quarter of 2023
company announced first quarter of 2023 operating income of $0.829576 millions
Published Jan 14 2023
CSIMarket Team / CSIMarket.com
Northern Technologies International Corporation experienced shrinking eps on expanding sales in its financial three months closing Nov 30 2022, where Revenue inched up by 9.67 % to $19.95 millions in comparison to $18.19 millions on a year-over-year basis, while income fell sharply by -89.13 % to $0.05 per share, as comparison to $0.46 in the prior year reporting season.
relative to the previous reporting season income faded by -26.7 % from $0.07 per share and Revenue decreased by -1.477 % from $20.25 millions.
Net earnings of $0.634 millions in the financial first quarter of 2023 fell by -86.58 % from $4.722 millions in the corresponding period a year before. Northern Technologies International Corporation shifted it's focus on improving sales in the financial first quarter of 2023, as a result net margin eased to 3.18%.
Operating earnings, fell -34.5% to $0.829576 millions, squeezing Northern Technologies International Corporation's operating margin to 4.16%, from 6.96% in the first quarter of 2022.
Northern Technologies International Corporation is expected to report next financial earnings on April 07, 2023.
relative to the previous reporting season income faded by -26.7 % from $0.07 per share and Revenue decreased by -1.477 % from $20.25 millions.
Net earnings of $0.634 millions in the financial first quarter of 2023 fell by -86.58 % from $4.722 millions in the corresponding period a year before. Northern Technologies International Corporation shifted it's focus on improving sales in the financial first quarter of 2023, as a result net margin eased to 3.18%.
Operating earnings, fell -34.5% to $0.829576 millions, squeezing Northern Technologies International Corporation's operating margin to 4.16%, from 6.96% in the first quarter of 2022.
Northern Technologies International Corporation is expected to report next financial earnings on April 07, 2023.