Key Developments: Northern Technologies International Corp (NTIC.W)
13.39USD
12 Mar 2013
$0.38 (+2.92%)
$13.01
$13.01
$13.39
$13.01
500
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$15.65
$9.82
Latest Key Developments (Source: Significant Developments)
Northern Technologies International Corp Lowers FY 2013 Guidance
Northern Technologies International Corp announced that it now believes Petrobras intends to place a larger number of smaller orders on a quarterly basis rather than one large order. As a result, the Company now anticipates that the revenues from the phase 3 contract will be recognized more evenly on a quarterly basis during the remainder of fiscal 2013 and fiscal 2014. This decreases some of the volatility in expected revenues and earnings, however, it also adversely impacts anticipated fiscal 2013 revenues and earnings. As a result of this change in order size, the Company is updating is previous guidance and now expects net sales will range between $24.0 million and $25.0 million, inclusive of sales made by NTIC's majority-owned subsidiary in Brazil, for fiscal 2013. The Company expects net income to range between $2.7 million and $3.0 million, or between $0.62 and $0.68 per diluted common share, for the fiscal 2013. Full Article
Single Point Parts (Thailand) PCL Announces Additional Stake Investment in Subsidiary from Northern Technologies International Corporation
Single Point Parts (Thailand) PCL announced that the Company will acquire the remaining 15% stake or 5,000,000 shares which it did not already own in Single Point Energy and Environment Co Ltd (SPEE), a subsidiary of the Company, from a United States-based company namely Northern Technologies International Corporation (NTIC), worth THB 750,000. The transaction date will be within February 2013. Upon completion, the Company will hold the entire share capital from 84.999% interest in SPEE. Full Article
Northern Technologies International Corp Reaffirms FY 2013 Guidance
Northern Technologies International Corp announced that for fiscal 2013, the Company has not changed previous guidance and expects net sales to range between $27.0 million and $28 million, and net income of between $4.4 million to $4.7 million, or between $1.00 and $1.05 per diluted share. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $27.0 million, net income of $4.6 million and EPS of $1.01 for fiscal 2013. Full Article
Northern Technologies International Corp Issues FY 2013 Guidance Below Analysts' Estimates
Northern Technologies International Corp for fiscal 2013, it expets net sales to a range between $27.0 million and $28 million, inclusive of sales made by NTIC's majority-owned subsidiary in Brazil, and expects net income of between $4.4 million to $4.7 million, or between $1.00 and $1.05 per diluted share (EPS). According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $29 million, net income of $5.8 million and EPS of $1.20 for fiscal 2013. Full Article
Northern Technologies International Corp Reaffirms FY 2012 Revenue Guidance; Lowers FY 2012 Earnings Guidance-Conference Call
Northern Technologies International Corp announced that for fiscal 2012, it continue to expect net sales to range between $23 million and $24.5 million and due to an anticipated decrease in income from the Company's joint venture operations, the Company expect net income attributable to Northern Technologies International Corp to range between $3.8 million and $4.1 million, or between $0.87 and $0.93 per diluted common share. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $24 million and EPS of $1.12 for fiscal 2012. Full Article
Northern Technologies International Corp Reaffirms FY 2012 Guidance-Conference Call
Northern Technologies International Corp announced that for fiscal 2012, it expects sales to continue to range between $23-$24.5 million inclusive of sales made by Brazilian majority-owned subsidiary and expects net income of between $4.7-$5 million or between $1.08-$1.14 per diluted share (EPS). According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $24 million and EPS of $1.12 for fiscal 2012. Full Article
Northern Technologies International Corp Reaffirms FY 2012 Guidance
Northern Technologies International Corp announced that for fiscal 2012, it has not changed its previous guidance and expects its net sales to range between $23.0 million and $24.5 million, inclusive of sales made by NTIC's majority-owned subsidiary in Brazil, and expects net income of between $4.7 million to $5.0 million, or between $1.08 and $1.14 per diluted share. Full Article
Northern Technologies International Corp Issues FY 2012 Guidance; Net Profit Guidance Below Analysts' Estimates
Northern Technologies International Corp announced that for fiscal 2012, it expects it expects its net sales to range between $23.0 million and $24.5 million, inclusive of sales made by NTIC's majority-owned subsidiary in Brazil, and expects net income of between $4.7 million to $5.0 million, or between $1.08 and $1.14 per diluted share (EPS). According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $23 million, net profit of $5.17 million and EPS of $1.10 for fiscal 2012. Full Article
Northern Technologies International Corp Raises FY 2011 Guidance
Northern Technologies International Corp increased fiscal 2011 guidance for net sales and net income and now expects net sales to be in the range of $19 million to $20 million, inclusive of sales made by NTIC's subsidiary in Brazil, and NTIC's net income to be in the range of $3.9 million to $4.1 million, or $0.88 to $0.92 per diluted share. Full Article
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