From GlobeNewswire: 2025-01-08 17:00:00

Northern Technologies International Corporation (NASDAQ: NTIC) reported its first quarter fiscal 2025 results. Consolidated net sales hit a record $21,338,000, a 5.7% increase year-over-year. ZERUST® industrial net sales rose 0.4%, oil and gas net sales increased 0.7%, and Natur-Tec® product net sales surged 22.8%. Operating expenses grew 14.0%, impacting net income of $561,000.

NTIC’s President and CEO, G. Patrick Lynch, highlighted the record sales driven by Natur-Tec® and stable ZERUST® segments. Operating expenses rose due to investments in ZERUST® oil and gas infrastructure. NTIC is optimistic about continued growth in its industrial markets throughout fiscal year 2025.

Joint venture operating income at NTIC increased 2.7% to $2,414,000, while operating expenses were 44.4% of net sales. Net income attributable to NTIC decreased to $561,000, or $0.06 per diluted share. Non-GAAP adjusted net income was $666,874, or $0.07 per diluted share for the first quarter of fiscal 2025.

NTIC’s consolidated balance sheet as of November 30, 2024, showed working capital of $22,183,000. Joint venture investments totaled $25,493,000, with $13,900,000 in cash. NTIC remains focused on corrosion prevention products under the ZERUST® brand and continues to expand into the oil and gas industry.



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