Northern Technologies Q3 sales up 12.6% to record $24.2 million; net loss $263,000
Northern Technologies International reported third-quarter fiscal 2026 net sales up 12.6% to a record $24,216,000, but swung to a net loss attributable to NTIC of $263,000, or $0.03 per diluted share, from net income of $122,000 a year earlier. Management said higher raw material costs and pricing pressure in its Natur-Tec business cut gross margin by about 477 basis points, and it expects improved gross margin and profitability in the fourth quarter.
Key points
- Gross profit fell to 33.6% of net sales, down 477 basis points year over year.
- Nine-month net loss attributable to NTIC was $61,000, or $0.01 per diluted share, compared with net income of $1,117,000 a year earlier.
- ZERUST oil and gas net sales rose 72.3% to $2,219,000 in the quarter.
- A non-binding letter of intent dated May 26, 2026 would sell the Beachwood, Ohio facility for $1,150,000 in cash; the sale is expected to close in fiscal 2027.
The filing
Written by AI on Nov 9, 2026, 8:29 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 09, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.