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Northern Technologies International Full Year 2022 Earnings: Revenues Beat Expectations, EPS Lags

Northern Technologies International (NASDAQ:NTIC) Full Year 2022 Results

Key Financial Results

  • Revenue: US$74.2m (up 31% from FY 2021).

  • Net income: US$6.32m (flat on FY 2021).

  • Profit margin: 8.5% (down from 11% in FY 2021).

  • EPS: US$0.69.

earnings-and-revenue-growth
earnings-and-revenue-growth

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

Northern Technologies International Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) missed analyst estimates by 4.3%.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 2.7% growth forecast for the Chemicals industry in the US.

Performance of the American Chemicals industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Northern Technologies International, and understanding them should be part of your investment process.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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