Welcome to our dedicated page for N L Inds news (Ticker: NL), a resource for investors and traders seeking the latest updates and insights on N L Inds stock.
NL Inds Inc (NYSE: NL) delivers precision-engineered components through subsidiary CompX International, serving industries from healthcare to transportation. This news hub provides investors with essential updates about strategic developments and operational milestones.
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NL Industries reported a net loss of $6.1 million, or $0.13 per share, for Q4 2022, down from a profit of $14.9 million, or $0.31 per share, in Q4 2021. For the full year, net income decreased to $33.8 million, or $0.69 per share, from $51.2 million, or $1.05 per share, in 2021. Q4 net sales rose to $40 million, up from $34.1 million in Q4 2021, driven by marine components sales. The company faced an unrealized loss of $3.8 million in Q4 2022 compared to a $6.5 million gain in Q4 2021. Kronos reported a significant decline in sales volumes and a loss from operations of $19.7 million in Q4 2022, impacted by weakened demand and production curtailments.
NL Industries, Inc. (NYSE: NL) has announced a quarterly dividend of $0.07 per share on its common stock. This dividend is payable on March 23, 2023, to shareholders of record as of the close of business on March 7, 2023.
NL Industries operates in the component products and chemicals sectors, specifically focusing on security products, recreational marine components, and titanium dioxide (TiO2). The declaration of a dividend confirms the company's commitment to returning value to its shareholders.