European Investor
09 Apr 2026, 16:07
Northern Technologies Reports Sales Growth in Q2 2019 Driven by Bioplastics Segment
Northern Technologies International Corporation reported fiscal second-quarter 2019 net sales of $13.3 million, up 9.0% year-over-year, supported by strong demand for its Natur-Tec biodegradable plastics.
Net income rose 5.2% to $1.4 million, or $0.30 per share, despite weaker performance in its ZERUST corrosion protection segment, where sales declined, particularly in oil and gas markets.
Natur-Tec sales more than doubled, reaching a record $4.2 million and accounting for over 30% of total revenue, reflecting growing global demand for sustainable alternatives to conventional plastics.
The company noted that broader economic uncertainty and trade tensions weighed on some segments, prompting a slight downward revision to full-year guidance. However, management expects improved performance in the second half of the fiscal year, supported by stronger demand and project pipelines.
Globe Newswire
Northern Technologies International Corporation reported fiscal second-quarter 2019 net sales of $13.3 million, up 9.0% year-over-year, supported by strong demand for its Natur-Tec biodegradable plastics.
Net income rose 5.2% to $1.4 million, or $0.30 per share, despite weaker performance in its ZERUST corrosion protection segment, where sales declined, particularly in oil and gas markets.
Natur-Tec sales more than doubled, reaching a record $4.2 million and accounting for over 30% of total revenue, reflecting growing global demand for sustainable alternatives to conventional plastics.
The company noted that broader economic uncertainty and trade tensions weighed on some segments, prompting a slight downward revision to full-year guidance. However, management expects improved performance in the second half of the fiscal year, supported by stronger demand and project pipelines.
Globe Newswire