NTIC News & Events

Reports Q1 revenue $23.3M, up 9.2%. "We delivered record consolidated net sales during first quarter, driven by the strongest year-over-year growth rate we've had since fiscal 2024. This performance was supported by higher sales across key sectors, including ZERUST oil and gas, NTIC China, and North American Natur-Tec sales. ZERUST oil and gas achieved record first quarter sales, marking the second consecutive quarter with more than $2M in revenue, reflecting improving demand from both new and existing customers. With favorable demand trends across many of our core markets and geographies, we believe we are well positioned for continued sales growth in fiscal 2026," said G. Patrick Lynch, CEO. "Improving profitability is a key priority for fiscal 2026. Operating expenses as a percentage of sales were 41.8% for the first quarter, reflecting the third consecutive quarterly improvement in holding down operating expenses. We expect quarterly sales to grow faster than operating expenses as we continue to leverage recent investments in new employees and facilities across our global operations. Although consolidated gross margin declined modestly during the quarter, due to a supplier lead-time issue, we believe this will only have a near-term impact. We expect gross margin to improve sequentially during fiscal 2026. Overall, the start to fiscal 2026 is encouraging, and we anticipate higher year-over-year profitability as we benefit from higher sales, expanding gross margin, and controlled operating expenses," concluded Mr. Lynch.

Reports Q4 revenue $22.3M vs $34.3M last year. "Challenging market conditions and the shifting timing of certain ZERUST oil and gas and Natur-Tec orders impacted sales throughout fiscal 2025. Nevertheless, we continued to bolster our foundation and invest in business development initiatives globally that we expect to position us for renewed growth in fiscal 2026 and beyond. This included applying our considerable engineering capabilities to develop new Natur-Tec technologies, pursuing emerging opportunities in the South American offshore oil and gas market, and expanding ZERUST industrial sales across our global footprint. NTIC's recently announced milestone multi-year order from a major international EPC in Brazil underscores the growing recognition of our corrosion solutions and validates our strategy to expand into key global energy markets. Consequently, we believe our pipeline of opportunities within ZERUST oil and gas and Natur-Tec is strong," said G. Patrick Lynch, President and CEO of NTIC.

Northern Technologies announced that its 85%-owned subsidiary, Zerust Brazil, has secured a three-year contract for a major offshore project with a leading global engineering, procurement, and construction, EPC, company to provide advanced corrosion protection solutions for floating production storage and offloading, FPSO, units.

Reports Q3 revenue $21.5M vs. $20.7M last year. "In third quarter, we delivered sequential and year-over-year growth in consolidated net sales supported by top-line improvements across many parts of our business, despite mercurial global trade and geopolitical tensions. This performance reflects the dedication of our team and our focus on supporting existing customers, expanding global customer relationships, and scaling opportunities in higher-growth markets," said G. Patrick Lynch, CEO. "We continue to invest in our ZERUST oil and gas business, including the addition of new salespeople and other resources to support foreseeable future growth. While ZERUST oil and gas sales have varied from quarter-to-quarter, sales have produced consistently higher gross margins than our core industrial business and remained over $1.2 million for 13 consecutive quarters, generating cumulative sales of $24 million over this period. Similar to last fiscal year, a number of customers shifted certain larger orders to our fourth quarter. As a result, we expect to see ZERUST oil and gas sales and profitability improve sequentially in the fourth quarter and into our fiscal 2026. We are also closely monitoring Europe as governments begin to implement targeted economic stimulus packages. We expect that any economic recovery these stimulus packages may lead to, especially in Germany, will have a positive impact on our joint venture operating income. While we have faced several macro related challenges in fiscal 2025 to date, we believe we are well positioned for growth and profitability across many of our markets in fiscal 2026 and beyond."