Northern Technologies International Third Quarter 2024 Earnings: Misses Expectations

Northern Technologies International (NASDAQ:NTIC) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$20.7m (down 1.4% from 3Q 2023).
• Net income: US$976.6k (down 7.8% from 3Q 2023).
• Profit margin: 4.7% (down from 5.1% in 3Q 2023). The decrease in margin was driven by lower revenue.
• EPS: US$0.10 (down from US$0.11 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Northern Technologies International Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 10%. Earnings per share (EPS) also missed analyst estimates by 57%.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 4.8% growth forecast for the Chemicals industry in the US.

Performance of the American Chemicals industry.

The company's shares are down 16% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for Northern Technologies International that you need to take into consideration.

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