Northern Tech

Q3 FY2026 EarningsQ3 FY26 revenue reached a record $24.2 million, up 12.6% YoY, driven by robust demand in ZERUST® corrosion prevention and Natur-Tec® bioplastic solutions. However, gross margin contracted significantly by 477 bps YoY to 33.6%, pressured by geopolitical-driven raw material cost spikes and competitive pricing. This led to a net loss attributable to NTIC of $0.26 million, with a diluted EPS of ($0.03) compared to a $0.01 profit in the prior year period. Joint venture operating income remained a bright spot, increasing 12.2% YoY to $2.55 million.