Revenue: As of FY2026 Q3, the actual value is USD 24.22 M, beating the estimate of USD 23.4 M.

EPS: As of FY2026 Q3, the actual value is USD -0.03.

EBIT: As of FY2026 Q3, the actual value is USD 579.42 K.

Segment Revenue

Northern Technologies International Corporation’s consolidated net sales increased 12.6% to $24,216,000 for the third quarter of fiscal 2026, compared to $21,509,000 in the prior year period. For the nine months ended May 31, 2026, consolidated net sales rose 12.3% to $69,521,000, up from $61,919,000 for the same period last fiscal year.

For the third quarter of fiscal 2026: ZERUST® industrial net sales increased 10.3% to a record $15,926,000, compared to $14,440,591 in the prior year. ZERUST® oil and gas net sales increased 72.3% to a third quarter record of $2,219,000, compared to $1,288,046 in the prior year. Natur-Tec® product net sales increased 5.0% to a record $6,070,000, compared to $5,779,926 in the prior year. NTIC China net sales were $4,480,000, compared to $4,510,000 in the third quarter fiscal 2025.

For the nine months ended May 31, 2026: ZERUST® industrial net sales increased 9.4% to $44,816,138, compared to $40,965,696 in the prior year. ZERUST® oil and gas net sales increased 67.3% to $7,279,062, compared to $4,350,761 in the prior year. Natur-Tec® net sales increased 5.0% to $17,426,065, compared to $16,602,565 in the prior year.

Gross Profit

Gross profit for the third quarter of fiscal 2026 was $8,143,164, down from $8,259,440 in the prior year, with gross profit as a percentage of net sales decreasing 477 basis points to 33.6%. Year-to-date gross profit was $24,384,676, compared to $23,217,977 for the same period last fiscal year.

Joint Venture Operations

Net sales at Northern Technologies International Corporation’s joint ventures increased 15.1% to $26,708,000 during the third quarter of fiscal 2026, compared to $23,212,000 in the prior year. Total income from joint venture operations increased 12.2% to $2,551,000 in the third quarter of fiscal 2026, compared to $2,273,000 in the prior year. Year-to-date joint venture operating income was $6,869,000, compared to $6,378,000 for the nine months ended May 31, 2025. Net sales of joint ventures for the nine months ended May 31, 2026, were $74,723,000, compared to $66,848,000 in the prior year period.

Operating Expenses

Operating expenses, as a percentage of net sales, for the third quarter of fiscal 2026 were 42.0%, down from 44.9% in the prior year. Year-to-date operating expenses, as a percentage of net sales, were 42.3%, compared to 45.1% in the prior year. Total operating expenses increased 5.3% to $10,178,794 for the third quarter and 5.2% to $29,421,842 year-to-date.

Operating Income

Operating income for the third quarter of fiscal 2026 was $515,330, compared to $867,187 in the prior year. Year-to-date operating income was $1,831,736, compared to $1,640,925 in the prior year period.

Income Before Income Tax Expense

Income before income tax expense was $376,000 for the third quarter of fiscal 2026, compared to $743,000 in the prior year. Year-to-date income before income tax expense was $1,398,146, compared to $2,632,754 in the prior year period.

Net Loss Attributable to Northern Technologies International Corporation

Net loss attributable to Northern Technologies International Corporation for the third quarter of fiscal 2026 was -$263,000, compared to net income of $122,000 in the prior year. The net loss per diluted share attributable to Northern Technologies International Corporation was -$0.03 for the quarter, compared to net income per diluted share of $0.01 in the prior year. Year-to-date, net loss attributable to Northern Technologies International Corporation was -$61,000, or -$0.01 per diluted share, compared to net income of $1,117,000, or $0.12 per diluted share, for the same period last fiscal year.

Non-GAAP Adjusted Net Loss/Income

Non-GAAP adjusted net loss for the third quarter of fiscal 2026 was -$158,000, or -$0.02 per diluted share, compared to non-GAAP adjusted net income of $228,000, or $0.02 per diluted share, for the same quarter last fiscal year. Year-to-date, non-GAAP adjusted net income was $257,000, or $0.02 per diluted share, compared to $595,000, or $0.07 per diluted share, for the same period last fiscal year.

Working Capital and Cash Position

Northern Technologies International Corporation had working capital of $19,992,000 as of May 31, 2026, including $7,276,000 in cash and cash equivalents. This compares to $20,439,000 of working capital as of August 31, 2025, including $7,251,000 in cash and cash equivalents.

Investments in Joint Ventures

As of May 31, 2026, Northern Technologies International Corporation had $30,360,000 of investments in joint ventures, with $16,521,000, or 54.4%, being cash. This is an increase from $27,139,000 in investments, with $13,500,000, or 49.7%, as cash, as of May 31, 2025.

Assets Held for Sale

Northern Technologies International Corporation reclassified its Beachwood, Ohio facility, with a carrying value of $869,407, to assets held for sale as of May 31, 2026.

Outlook / Guidance

Northern Technologies International Corporation expects its pricing and procurement initiatives to improve gross margin and profitability in the fourth quarter. The company anticipates the sale of its Beachwood, Ohio facility to close in fiscal 2027, yielding more than $1.0 million in proceeds. Management expresses confidence in stronger, more profitable fourth-quarter results due to continued demand and focus on execution.