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NL Industries, Inc. reports developments for a public company engaged in component products and chemicals (TiO2) businesses. Its component products activity includes CompX operations in Security Products and Marine Components, with updates on segment sales, profit, customer mix, product mix, and industrial market demand.
Recurring news also covers quarterly earnings releases, scheduled earnings announcement dates, board-declared dividends on common stock, changes in marketable equity securities, and Kronos-related TiO2 items reflected in NL’s reported results.
NL Industries (NYSE: NL) reported net income of $7.9 million ($0.16 per share) in Q2 2024, compared to a net loss of $3.1 million in Q2 2023. For H1 2024, net income was $14.7 million ($0.30 per share). CompX's net sales decreased to $35.9 million in Q2 2024 from $36.6 million in Q2 2023. Kronos' net sales increased by 13% to $500.5 million in Q2 2024, driven by higher sales volumes but offset by lower TiO2 selling prices. Kronos' income from operations improved to $35.9 million in Q2 2024 from a loss of $6.7 million in Q2 2023. The company increased its production rates to 93% of practical capacity utilization in H1 2024.
On May 16, 2024, NL Industries (NYSE: NL) announced a quarterly dividend of $0.08 per share, payable on June 25, 2024, to shareholders of record as of June 10, 2024. The company also revealed the results of its 2024 annual shareholder meeting, where shareholders elected Loretta J. Feehan, John E. Harper, Kevin B. Kramer, Meredith W. Mendes, Cecil H. Moore, Jr., Courtney J. Riley, and Michael S. Simmons as directors for one-year terms. Additionally, a resolution approving the compensation of executive officers on a nonbinding advisory basis was adopted. NL Industries operates in the component products and chemicals sectors, specifically in security products, recreational marine components, and TiO2.
NL Industries, Inc. (NYSE: NL) reported net income of $6.8 million in Q1 2024, compared to a net loss in Q1 2023. CompX net sales decreased to $38.0 million in Q1 2024. Kronos saw a 12% increase in net sales to $478.8 million in Q1 2024, driven by higher sales volumes and lower TiO2 selling prices.
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