Northern Technologies’ Q3 Sales Jump 12.6% to $24.2M, Oil & Gas Soars 72.3%
NTIC•Northern Technologies International posted Q3 fiscal 2026 consolidated net sales of $24.2 million, up 12.6%, with Oil & Gas sales surging 72.3% to $2.2 million and Natur-Tec up 5% at $6.1 million. Rising raw material costs from Middle East shipping disruptions compressed margins and drove a quarterly loss.
1. Record Consolidated and Segment Growth
Northern Technologies International achieved record consolidated net sales of $24.2 million in Q3 fiscal 2026, marking a 12.6% increase from the prior year. Oil & Gas segment sales surged 72.3% to a quarterly high of $2.2 million, while Industrial rose 10.3% and Natur-Tec reached $6.1 million, up 5%.
2. Margin Pressures Lead to Loss
The company faced elevated raw material costs tied to Middle East shipping disruptions, which compressed gross margins and eroded profitability. Higher input expenses and logistics challenges pushed the quarter into a loss despite strong top-line performance.
