Northern Technologies reports $24.2 million third-quarter sales
Share
- 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.
Frequently asked questions
More from United States
AbbVie revenue increases 10.3% to $17.4 billion in third quarter
Sensient Q3 revenue rockets 10.6% to $455.8 million
Cameco Q3 adjusted loss reaches CA$2 million as uranium output falls
Kite Realty Q3 loss narrows to $13.3 million as NOI grows
Largo cuts 2026 vanadium production outlook to 9,500–10,500 tonnes
nVent Q3 sales jump 44% as shares fall despite higher revenue
