Northern Technologies delivered in-line Q2 results with solid top-line growth driven by record ZERUST oil and gas sales and strengthening performance in China and Natur-Tec.
- Total revenue grew 15.3% YoY to $22.0 million, led by a 72.1% surge in ZERUST oil and gas segment.
- ZERUST Oil and Gas achieved a quarterly record of $2.7 million, supported by a major offshore project and expanding global pipeline.
- North American and Chinese markets remain robust, with NTIC China net sales up 18.5% reflected in strong domestic demand.
- Natur-Tec sales increased 8.1% YoY to $5.4 million, with ongoing opportunities in North America and India for compostable packaging.
- Although geopolitical and economic uncertainties persist, NTIC remains confident in sustained growth and margin expansion through 2026.
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