Northern Technologies International Corporation (NTIC) specializes in the development and global distribution of advanced rust and corrosion prevention solutions. Operating across North and South America, Europe, Asia, and the Middle East, the company serves a wide international market. Under its primary ZERUST® brand, NTIC provides a broad spectrum of anti-corrosion products. These encompass protective plastic and paper packaging, liquid formulations, specialized coatings, rust removal agents, industrial cleaners, diffusers, and bespoke engineered solutions tailored specifically for the oil and gas sector. Complementing this, the Natur-Tec® brand features a comprehensive line of bio-based and certified compostable polymer resin compounds and finished goods. Beyond its product lines, the company extends its expertise through on-site technical consulting services aimed at addressing and resolving rust and corrosion challenges. NTIC serves a diverse clientele across various industries, including automotive, electronics, electrical, mechanical, military, retail consumer goods, and the oil & gas sector. Its go-to-market strategy involves a multi-channel approach, leveraging a direct sales force, a global network of independent distributors and agents, manufacturer's representatives, strategic alliances, and joint ventures. Established in 1970, Northern Technologies International Corporation maintains its corporate headquarters in Circle Pines, Minnesota.
Northern Technologies International Corporation Reports Financial Results for Third Quarter Fiscal 2026
Northern Technologies International reported record Q3 fiscal 2026 revenue of $24.2 million, up 12.6% year-over-year, driven by strong demand for ZERUST corrosion prevention and Natur-Tec bioplastic solutions.
Despite top-line growth, gross margin contracted by 477 basis points to 33.6% due to elevated raw material costs from Middle East conflicts and competitive pricing pressure, resulting in a GAAP net loss of $263,000 ($0.03 per share).
Management expects margins to improve in Q4 as raw material costs ease and pricing initiatives take effect, while also noting a pending sale of its Beachwood, Ohio facility for anticipated proceeds exceeding $1.0 million.