REFILE-Northern Technologies Q3 sales rise 4%, expects profitability in fiscal 2026
Overview
Northern Technologies International Corp (NTIC) Q3 net sales grow 4%, driven by ZERUST industrial demand
Adjusted EPS for fiscal Q3 missed analyst expectations, per LSEG data
Net income drops due to strategic investments and macro challenges
Outlook
Company expects ZERUST oil and gas sales to improve sequentially in Q4 and fiscal 2026
NTIC anticipates positive impact from European stimulus on joint venture income
Company is positioned for growth and expects profitability in fiscal 2026 and beyond
NTIC monitors Europe for economic recovery, especially in Germany
Result Drivers
ZERUST INDUSTRIAL DEMAND - Increased demand for ZERUST industrial products drove a 7.1% rise in sales
CHINA SALES GROWTH - NTIC China net sales surged 27.4%, contributing positively to overall performance
INVESTMENT IMPACT - Strategic investments in sales infrastructure led to higher operating expenses, affecting net income
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Adjusted EPS | Miss | $0.02 | $0.04 (1 Analyst) |
Q3 EPS |
| $0.01 |
|
Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the industrial machinery & equipment peer group is "buy"
Wall Street's median 12-month price target for Northern Technologies International Corp is $13.00, about 37.5% above its July 9 closing price of $8.13
The stock recently traded at 39 times the next 12-month earnings vs. a P/E of 14 three months ago
Press Release: ID:nGNX1D3qFJ
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