Northern Technologies International
Supplies corrosion-prevention products and bio-based, compostable polymer materials through global operations.
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Profile
Sells proprietary ZERUST corrosion-prevention products and Natur-Tec bio-based, compostable resins and finished products. Revenue comes from direct sales, subsidiaries, and a network of manufacturing-and-marketing joint ventures.
ZERUST supplies rust- and corrosion-inhibiting products and services to automotive, industrial, mechanical, mining, agricultural, retail-consumer, and oil-and-gas markets. Natur-Tec supplies bio-based and compostable polymer resins and finished products.
ZERUST and Natur-Tec are the reportable segments. Operations combine direct sales with subsidiaries and joint ventures, including a worldwide ZERUST distribution network whose local partners manufacture and market products in assigned territories.
The company participated in 15 active joint ventures across North America, Europe, and Asia. This model relies on local partners’ regulatory and market knowledge, while raw-material costs and competitive Natur-Tec pricing can affect margins.
Company facts
Categories
Key statistics
Year to date −1.0% · Average volume (30d) 7.5K
Analysts
Ratings
Target range
Latest analyst notes
No analyst notes in the last 24 months.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 9, 2026Q3 FY26 | $0.04 | −$0.02 | −150.0% | $23.4M | $24.2M | +3.5% | −1.33% |
| Apr 9, 2026Q2 FY26 | $0.02 | $0.01 | −50.0% | $21.1M | $22.0M | +4.3% | −0.12% |
| Jan 8, 2026Q1 FY26 | $0.05 | $0.04 | −20.0% | $22.1M | $23.3M | +5.5% | +0.58% |
| Nov 18, 2025Q4 FY25 | $0.08 | −$0.06 | −175.0% | $22.4M | $22.3M | −0.4% | −0.53% |
Financial highlights
| 12 quarters | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $19.1M | $21.5M | $22.3M | $23.3M | $22.0M | $24.2M | |
| Gross profit | $6.8M | $8.3M | $8.5M | $8.4M | $7.9M | $8.1M | |
| Operating income | −$2.0M | −$1.4M | −$1.2M | −$1.4M | −$1.6M | $515.3K | |
| Net income | $434.3K | $121.8K | −$1.1M | $237.8K | −$35.3K | −$263.3K | |
| Diluted EPS | $0.04 | $0.01 | −$0.12 | $0.03 | −$0.00 | −$0.03 | |
| Gross margin | 35.6% | 38.4% | 37.9% | 36.0% | 35.7% | 33.6% | |
| Operating margin | -10.6% | -6.5% | -5.5% | -5.8% | -7.5% | 2.1% |
Fiscal years (4-quarter sums)FY21 $56.5M · FY22 $74.2M · FY23 $79.9M · FY24 $85.1M · FY25 $84.2M
Revenue by product · FY25
Revenue by geography · FY25
Balance sheet, May 31, 2026Cash & short-term investments $8.1M · Total debt $15.8M · Total assets $107.1M · Shareholders' equity $72.8M
Dividends
Last cut to $0.01 from $0.07 in Apr 2025.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jan 28, 2026 | Jan 28 | Feb 11 | $0.01 | |
| Oct 29, 2025 | Oct 29 | Nov 12 | $0.01 | |
| Jul 30, 2025 | Jul 30 | Aug 13 | $0.01 | |
| Apr 30, 2025 | Apr 30 | May 14 | $0.01 | cut from $0.07 |
| Jan 29, 2025 | Jan 29 | Feb 12 | $0.07 | |
| Oct 30, 2024 | Oct 30 | Nov 13 | $0.07 | |
| Jul 31, 2024 | Jul 31 | Aug 14 | $0.07 | |
| Apr 30, 2024 | May 1 | May 15 | $0.07 |
Ownership
Shares outstanding 9.49M · Float 7.83M · 82.5% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Needham Investment Management L.L.C. | 765.0K | 8.10% | 13G | May 14, 2026 |
| Vanguard Capital Management LLC | 383.8K | 4.04% | 13F | May 15, 2026 |
| Dimensional Fund Advisors LP | 333.4K | 3.51% | 13F | May 7, 2026 |
| Meros Investment Management, LP | 206.3K | 2.17% | 13F | May 14, 2026 |
| Ballast Advisors LLC | 171.0K | 1.80% | 13F | Jun 23, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jul 30, 2026 | G. Patrick Lynch | director, 10 percent owner, officer: President and CEO | −16,070 | $8.00 |
| Jul 29, 2026 | G. Patrick Lynch | director, 10 percent owner, officer: President and CEO | −2 | $8.10 |
| Jul 20, 2026 | Richard Nigon | director | −12,000 | $8.00 |
Peers
- TotalEnergies
Luminy PLA resins for compostable packaging and food-service applications
- Ecolab
Corrosion inhibitors for ferrous metals, fuels, and fuel-transport pipelines
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Northern Technologies International | $8.13 | +1.12% | $77.2M | — | 27.7 | 0.8 | +12.6% |
| TotalEnergies | $86.31 | −0.05% | $192.30B | 10.9 | 8.4 | 1.0 | +26.2% |
| Ecolab | $275.05 | −4.11% | $80.70B | 38.5 | 33.2 | 4.8 | +9.7% |
| Median | 24.7 | 20.8 | 2.9 | +18.0% |