Northern Technologies International (NTIC)

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Northern Technologies International (NTIC) - 2024 Q3 - Quarterly Results
2024-07-11 12:01
MINNEAPOLIS, July 11, 2024 (GLOBE NEWSWIRE) -- 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, today reported its financial results for the third quarter of fiscal 2024. Third quarter fiscal 2024 financial and operating highlights include (with growth rates on a fiscal quarter yearover-year basis): "Our third quarter results reflect the progress we are making nav ...
Northern Technologies International Corporation Reports Financial Results for Third Quarter Fiscal 2024
GlobeNewswire News Room· 2024-07-11 12:00
Third quarter fiscal 2024 financial and operating highlights include (with growth rates on a fiscal quarter yearover-year basis): "The 210-basis point year-over-year improvement in third quarter gross profit is encouraging and was primarily due to recent strategies underway aimed at offsetting supply chain disruptions and raw material challenges, including the insourcing of various finished goods production. In addition, we continue to make strategic investments in our operations aimed at supporting additio ...
Northern Technologies International Corporation to Announce Fiscal 2024 Third-Quarter Financial Results and Host Conference Call
GlobeNewswire News Room· 2024-07-02 12:00
Patrick Lynch, President and CEO, and Matt Wolsfeld, CFO, will review NTIC's fiscal 2024 third-quarter financial results and outlook, which will be followed by a question-and-answer session. July 11, 2024, at 9:00 A.M. ET (8:00 A.M. CT, 7:00 A.M. MT, 6:00 A.M. PT) URL EVENTS & PRESENTATIONS WEBPAGE: Investor and Media Contact: Matthew Wolsfeld, CFO (763) 225-6600 MINNEAPOLIS, July 02, 2024 (GLOBE NEWSWIRE) -- Northern Technologies International Corporation (NASDAQ: NTIC) today announced that it expects to r ...
Recent Price Trend in Northern Technologies (NTIC) is Your Friend, Here's Why
ZACKS· 2024-06-06 13:50
When it comes to short-term investing or trading, they say "the trend is your friend." And there's no denying that this is the most profitable strategy. But making sure of the sustainability of a trend to profit from it is easier said than done. Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate re ...
Is Northern Technologies International (NTIC) Outperforming Other Basic Materials Stocks This Year?
ZACKS· 2024-06-04 14:45
Company Overview - Northern Technologies (NTIC) is a member of the Basic Materials group, which consists of 241 companies and is currently ranked 5 in the Zacks Sector Rank [2] - NTIC has a Zacks Rank of 1 (Strong Buy), indicating a favorable earnings outlook [3] Performance Analysis - NTIC has gained approximately 57.1% year-to-date, significantly outperforming the Basic Materials sector, which has returned an average of -0.3% [4] - The Zacks Consensus Estimate for NTIC's full-year earnings has increased by 4% over the past quarter, reflecting improved analyst sentiment [4] Industry Context - NTIC belongs to the Chemical - Diversified industry, which includes 29 stocks and is currently ranked 89 in the Zacks Industry Rank; this industry has gained an average of 0.3% year-to-date [6] - In comparison, Centerra Gold Inc. (CGAU), another outperforming stock in the Basic Materials sector, is part of the Mining - Gold industry, which has moved +14.9% since the beginning of the year [7]
Northern Technologies International Corporation Expected to Join Russell 3000® Index
Newsfilter· 2024-05-29 20:00
MINNEAPOLIS, May 29, 2024 (GLOBE NEWSWIRE) -- 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, today announced that it is expected to join the broad-market Russell 3000 Index at the conclusion of the 2024 Russell U.S. Indexes annual reconstitution, effective at the open of U.S. equity markets on July 1, 2024, according to a preliminary list of additions posted May ...
Northern Technologies (NTIC) Upgraded to Strong Buy: What Does It Mean for the Stock?
zacks.com· 2024-05-23 17:01
The change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near- term price movement of its stock are proven to be strongly correlated. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically ...
Northern Technologies (NTIC) Is a Great Choice for 'Trend' Investors, Here's Why
zacks.com· 2024-05-20 13:51
Core Viewpoint - The article emphasizes the importance of identifying sustainable trends in stock prices for short-term investing, highlighting that while trends can be profitable, ensuring their longevity is crucial [1][2]. Group 1: Stock Performance - Northern Technologies (NTIC) has shown a solid price increase of 30% over the past 12 weeks, indicating strong investor interest [4]. - The stock has also increased by 13.7% in the last four weeks, suggesting that the upward trend is still intact [5]. - NTIC is currently trading at 80.8% of its 52-week high-low range, indicating a potential breakout [6]. Group 2: Fundamental Strength - NTIC holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises [6]. - The stock has an Average Broker Recommendation of 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [7]. Group 3: Investment Strategy - The "Recent Price Strength" screen is a useful tool for investors to identify stocks like NTIC that are on an uptrend supported by strong fundamentals [3]. - The article suggests that there are multiple stocks passing through this screen, encouraging investors to explore these opportunities [8].
Here's Why Momentum in Northern Technologies (NTIC) Should Keep going
Zacks Investment Research· 2024-05-02 13:51
While "the trend is your friend" when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn't easy.Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate revisions, ...
Northern Technologies International (NTIC) - 2024 Q2 - Earnings Call Transcript
2024-04-11 15:54
Financial Data and Key Metrics Changes - Year-over-year cash from operating activities improved by nearly 156% to $5.6 million primarily due to higher net income and positive changes in working capital [2] - Net income attributable to the company was $1.7 million or $0.17 per diluted share for the fiscal 2024 second quarter compared to $411,000 or $0.04 per diluted share for the fiscal 2023 second quarter [89] - Gross profit as a percentage of net sales was 40% during the three months ended February 29, 2024, compared to 34.5% during the prior fiscal year period, reflecting a 551 basis point improvement [6] Business Line Data and Key Metrics Changes - Natur-Tec sales increased 47.5% year-over-year to a quarterly record of $5.6 million, driven by new customer wins in North America and India [4] - ZERUST Oil & Gas sales were $2.2 million for the fiscal 2024 second quarter, a 20.1% year-over-year increase, attributed to the shift of certain oil and gas projects and positive demand [29] - Total consolidated net sales increased 14.1% to a second quarter record of $20.8 million compared to the second quarter ended February 28, 2023 [82] Market Data and Key Metrics Changes - Sales from global joint ventures declined 7.9% in the fiscal 2024 second quarter, while joint venture operating income increased 4.2% compared to the prior fiscal year period [31] - The Chinese market showed improvement with a 20.3% increase in sales from the NTIC China subsidiary, marking the first year-over-year increase in over two years [3][14] Company Strategy and Development Direction - The company intends to allocate capital to support growth initiatives and quarterly dividend payments while using excess cash flow to pay down existing credit lines [2] - The company is focused on enhancing profitability at joint ventures and expects Natur-Tec sales growth to continue throughout the second half of fiscal 2024 [87][90] - The company is optimistic about the long-term opportunities in the Chinese market despite near-term uncertainties [86] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding demand in China and expects continued improvement in sales and profitability [3][12] - The company anticipates a strong second half of the year for both Natur-Tec and oil and gas segments, with expectations for higher profitability [12][33] - Management noted that the growth in profitability is driven by successful initiatives to improve gross margins and operational efficiencies [112] Other Important Information - The Board of Directors declared a quarterly cash dividend of $0.07 per share payable on February 14, 2024 [7] - Total operating expenses increased 9.4% to $8.6 million compared to the same period last fiscal year, primarily due to increased personnel costs [116] Q&A Session Summary Question: What is the pipeline for ZERUST and Natur-Tec? - Management indicated strong repeat business with existing customers and ongoing investments in technical services and sales to drive growth in oil and gas [10][35] Question: Is the growth in Natur-Tec sustainable? - Management expects Natur-Tec to have a strong second half of the year, with ongoing projects contributing to recurring revenues [12][36] Question: What are the expectations for gross margins going forward? - Management believes that a gross margin of 40% is sustainable for the next few quarters, although external factors could impact costs [38] Question: How is the automotive sector in China performing? - Management noted improvements in the Chinese market, particularly in the automotive sector, and highlighted ongoing cost-cutting efforts to enhance profitability [14][99] Question: What is the outlook for joint ventures? - Management expects joint venture contributions to rebound in the coming quarters, driven by ongoing efforts to enhance profitability [69][109]