Northern Technologies reports $24.2 million third-quarter sales

• Northern Technologies increased third-quarter fiscal 2026 net sales by 12.6% year-over-year to $24.2 million.
• A 477 basis point gross margin decline resulted in a $0.03 diluted net loss per share.
• The company stated it plans to sell its Beachwood, Ohio facility for $1.15 million in fiscal 2027.

Northern Technologies (NASDAQ:NTIC) reported third-quarter fiscal 2026 sales of $24.2 million.

This total represents a 12.6% year-over-year revenue increase for the business.

ZERUST oil and gas division sales increased 72.3%, while Natur-Tec revenues grew by 5%.

Gross margins declined by 477 basis points to 33.6%, resulting in a $0.03 net loss per share.

The company anticipates further operational adjustments.

Management stated the business expects to sell its Beachwood, Ohio facility for $1.15 million in fiscal 2027.

Year-to-date sales grew 12.3% to $69.5 million alongside reported joint venture income growth.