Northern Technologies International Corporation Q2 Fiscal 2026 Financial Results
Northern Technologies International Corporation (NTIC) reported its financial results for the second fiscal quarter ended February 28, 2026. The company announced a consolidated net sales increase of 15.3% to a record $21,997,000. Key growth drivers included a 11.2% increase in ZERUST® industrial net sales, a 72.1% surge in ZERUST® oil and gas net sales, and an 8.1% rise in Natur-Tec® product net sales. NTIC China also saw an 18.5% increase in net sales. The company reported improved operating income of $383,000, compared to a loss in the prior year quarter. However, NTIC experienced a net loss of $35,000 for the quarter, compared to a net income of $434,000 in the same period last year. Non-GAAP adjusted net income was $70,000, or $0.01 per diluted share. The company highlighted strategic investments in its global sales infrastructure and the increasing adoption of its VCI solutions. Despite global economic uncertainties, NTIC expressed confidence in its business strategy, diverse market presence, and product portfolio, anticipating continued sales growth and improved profitability in the second half of fiscal 2026.