Northern Technologies International Corporation Announces Unaudited Consolidated Earnings Results for the First Quarter Ended November 30, 2017; Provides Earnings Guidance for the Fiscal Year Ending August 31, 2018
For the fiscal year ending August 31, 2018, the company continues to expect its net sales to be in the range of $46.0 million to $47.0 million. The company also continues to anticipate net income attributable to the company to be in the range of $5.0 million to $5.3 million, or $1.10 to $1.15 per diluted share. The company's annual net income guidance does not take into consideration any non-cash write down to its deferred tax asset that the company expects will occur in the second quarter of fiscal 2018 as a result of the recent enactment of the Tax Cuts and Jobs Act.