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Northern Technologies International (NTIC) - 2021 Q4 - Earnings Call Transcript
2021-11-17 17:28
Financial Data and Key Metrics Changes - For fiscal 2021, consolidated sales increased by 18.6% compared to the prior fiscal year, with a record quarterly sales growth of 54.7% in Q4 2021 [6][20] - Net income for Q4 2021 was $1.7 million or $0.17 per diluted share, a significant improvement from a net loss of nearly $1.8 million or a loss of $0.19 per diluted share in Q4 2020 [22] - Total operating expenses for Q4 2021 were $6.6 million, a 24.1% increase year-over-year, but operating expenses as a percentage of net sales decreased to 42.5% from 53.0% [21] Business Line Data and Key Metrics Changes - ZERUST oil and gas net sales increased by 139.6% in Q4 2021, while Natur-Tec net sales grew by 51.4% and ZERUST industrial net sales increased by 47.0% [10] - NTIC's joint ventures reported total net sales of $33.2 million in Q4 2021, a 79.3% increase compared to the same period last fiscal year [11] Market Data and Key Metrics Changes - NTIC's China subsidiary saw a 25.7% increase in net sales to $4.3 million in Q4 2021, driven by higher sales to new and existing customers [12] - The Indian joint venture, now wholly owned, is expected to contribute approximately $10 million in net sales and over $2.2 million in net income during fiscal year 2022 [14] Company Strategy and Development Direction - The company is focusing on expanding its operations in China and India, with significant investments in facilities and acquisitions to support growth [13][14] - NTIC aims to leverage its asset-light business model and global presence to navigate supply chain challenges and capitalize on demand trends in industrial production [9] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about strong demand trends continuing into fiscal 2022 as global economies reopen and industrial production improves [8] - The company anticipates fiscal 2022 to be another strong year of sales growth and higher profitability, supported by strategic investments in its business units [18][25] Other Important Information - NTIC's Board of Directors declared a quarterly cash dividend of $0.065 per share, which was increased to $0.07 per share in October 2021 [24] - The company reported a working capital of $25.2 million as of August 31, 2021, impacted by a $6.2 million investment in a new facility in China [23] Q&A Session Summary Question: Why is China doing so well? - Management attributed China's success to both domestic and international demand, with increasing domestic demand supporting sales despite slight drops in exports [28] Question: What is the growth rate in India? - India has seen significant year-over-year growth, becoming the second most profitable joint venture for NTIC, with expectations of continued expansion [30][31] Question: What new opportunities exist in the compostable space? - Management noted ongoing demand for compostable plastics but highlighted challenges due to facility reopenings and supply chain issues [34] Question: What is the timeline for API and PHMSA approvals? - Management expects a timeline of 12 to 18 months for the transition from technical report to recognized practice for API guidelines [47] Question: Can the company meet a surge in demand for Natur-Tec? - Management expressed confidence in meeting demand, with expectations of returning to pre-COVID levels by mid-fiscal 2022 [51][53] Question: What impact will ZERUST India have on OpEx and gross margins? - The acquisition of ZERUST India is expected to contribute approximately $1 million in additional income, with gross margins consistent with other subsidiaries [69]
Northern Technologies International (NTIC) - 2021 Q3 - Quarterly Report
2021-07-09 12:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________ FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation or organization) 41-0857886 (I.R.S. Employer Identification No.) For the quarterly period ended May 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHAN ...
Northern Technologies International (NTIC) - 2021 Q3 - Earnings Call Transcript
2021-07-08 18:02
Northern Technologies International Corporation (NASDAQ:NTIC) Q3 2021 Earnings Conference Call July 8, 2021 9:00 AM ET Company Participants Patrick Lynch - Chief Executive Officer Matt Wolsfeld - Chief Financial Officer Conference Call Participants Tim Clarkson - Van Clemens Gus Richard - Northland Jim Dowling - Jefferies Operator Good day and thank you for standing by. Welcome to the Northern Technologies International Corporation Third Quarter 2021 Earnings Conference Call and Webcast. At this time, all p ...
Northern Technologies International (NTIC) - 2021 Q2 - Quarterly Report
2021-04-09 12:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________ FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended February 28, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________ to __________________ Commission File Number: 001-11038 ____________________ NORTHERN TECHNOLOGIES INTERNAT ...
Northern Technologies International (NTIC) - 2021 Q2 - Earnings Call Transcript
2021-04-08 17:16
Northern Technologies International Corp. (NASDAQ:NTIC) Q2 2021 Earnings Conference Call April 8, 2021 9:00 AM ET Company Participants Patrick Lynch - CEO Matt Wolsfeld - CFO Conference Call Participants Greg Hillman - Private Investor Gus Richard - Northland Tim Clarkson - Van Clemens Joe Vidich - Manalapan Oracle Capital Management Operator Good day and thank you for standing by. Welcome to the Northern Technologies International Corporation's Second Quarter 2021 Earnings Conference Call and Webcast. At ...
Northern Technologies International (NTIC) - 2021 Q1 - Earnings Call Transcript
2021-01-08 18:25
Northern Technologies International Corporation (NASDAQ:NTIC) Q1 2021 Earnings Conference Call January 7, 2021 9:00 AM ET Company Participants Patrick Lynch - President and Chief Executive Officer Matt Wolsfeld - Chief Financial Officer Vineet Dalal - Vice President and Director for Global Market Development, Natur-Tec Conference Call Participants Tim Clarkson - Van Clemens Joe Vidich - Manalapan Oracle Gus Richard - Northland Operator Ladies and gentlemen, thank you for standing by, and welcome to Northern ...
Northern Technologies International (NTIC) - 2021 Q1 - Quarterly Report
2021-01-08 14:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________ FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended November 30, 2020 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________ to __________________ Commission File Number: 001-11038 ____________________ NORTHERN TECHNOLOGIES INTERNATION ...
Northern Technologies International (NTIC) - 2020 Q4 - Earnings Call Transcript
2020-11-13 22:08
Northern Technologies International Corp (NASDAQ:NTIC) Q4 2020 Earnings Conference Call November 12, 2020 9:00 AM ET Company Participants Patrick Lynch - President and CEO Matt Wolsfeld - CFO Conference Call Participants Timothy Clarkson - Van Clemens & Co James Dowling - Jefferies Auguste Richard - Northland Capital Markets Joseph Vidich - Manalapan Oracle Operator Ladies and gentlemen, thank you for standing by, and welcome to the Northern Technologies International Corporation Fourth Quarter 2020 Earn ...
Northern Technologies International (NTIC) - 2020 Q4 - Annual Report
2020-11-13 22:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________ FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended August 31, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________ to __________________ Commission file number 001-11038 ____________________ NORTHERN TECHNOLOGIES INTERNATIONAL CORPO ...
Northern Technologies International (NTIC) - 2020 Q3 - Quarterly Report
2020-07-09 20:07
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________ FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended May 31, 2020 or (State or other jurisdiction of incorporation or organization) 41-0857886 (I.R.S. Employer Identification No.) 4201 Woodland Road P.O. Box 69 Circle Pines, Minnesota 55014 (Address of principal executive offices) (Zip Code) ☐ TRANSITION REPORT PURSUAN ...