Northern Technologies International Corporation Announces Sales and Earnings For Second Quarter Ended February 28, 2001

Apr 13, 2001, 01:00 ET from Northern Technologies International Corporation

    LINO LAKES, Minn., April 13 /PRNewswire/ --
 
                Northern Technologies International Corporation
 
     SECOND QUARTER ENDED                         February 28    February 29
                                                      2001           2000
     SALES                                         $4,583,662     $5,525,546
     NET INCOME                                       597,646      1,147,990
     EARNINGS PER COMMON SHARE
          BASIC                                           .16            .30
          DILUTED                                         .16            .30
 
     Demand in the industry sectors we serve for our products and technologies
 was soft in the first two quarters of the fiscal year 2001.
     (Photo:  http://www.newscom.com/cgi-bin/prnh/19991223/NTILOGO )
     Sales originating in the United States decreased 17% during the first two
 quarters of fiscal year 2001 from the sales for the first quarter of fiscal
 year 2000.
     Net income decreased 48% for the first two quarters of fiscal 2001 from
 the first two quarters of fiscal 2000.  This includes a one-time charge of
 $236,073 in fiscal year 2001, without which earnings per share would have been
 $.20 per share.
     Northern Technologies International Corporation (Amex:   NTI) is a
 developer, manufacturer and marketer of materials science based industrial
 packaging products and electronic sensing instruments.
     This release, along with past releases, is available by fax at no charge
 by calling Company News on Call at 800-758-5804 and entering the code 629669
 and on our web page http://www.zerust.com
 
 

SOURCE Northern Technologies International Corporation
    LINO LAKES, Minn., April 13 /PRNewswire/ --
 
                Northern Technologies International Corporation
 
     SECOND QUARTER ENDED                         February 28    February 29
                                                      2001           2000
     SALES                                         $4,583,662     $5,525,546
     NET INCOME                                       597,646      1,147,990
     EARNINGS PER COMMON SHARE
          BASIC                                           .16            .30
          DILUTED                                         .16            .30
 
     Demand in the industry sectors we serve for our products and technologies
 was soft in the first two quarters of the fiscal year 2001.
     (Photo:  http://www.newscom.com/cgi-bin/prnh/19991223/NTILOGO )
     Sales originating in the United States decreased 17% during the first two
 quarters of fiscal year 2001 from the sales for the first quarter of fiscal
 year 2000.
     Net income decreased 48% for the first two quarters of fiscal 2001 from
 the first two quarters of fiscal 2000.  This includes a one-time charge of
 $236,073 in fiscal year 2001, without which earnings per share would have been
 $.20 per share.
     Northern Technologies International Corporation (Amex:   NTI) is a
 developer, manufacturer and marketer of materials science based industrial
 packaging products and electronic sensing instruments.
     This release, along with past releases, is available by fax at no charge
 by calling Company News on Call at 800-758-5804 and entering the code 629669
 and on our web page http://www.zerust.com
 
 SOURCE  Northern Technologies International Corporation