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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 (NYSE: NL) has declared a quarterly dividend of $0.06 per share, payable on June 22, 2021, to shareholders of record by June 7, 2021. This announcement came during the 2021 annual shareholder meeting, where shareholders elected six directors for a one-year term and approved executive compensation disclosures on a nonbinding advisory basis. NL Industries is involved in the component products sector and titanium dioxide products.
NL Industries, Inc. (NYSE: NL) reported a significant rise in net income for Q1 2021, reaching $13.3 million ($0.27 per share), compared to $1.9 million ($0.04 per share) in Q1 2020. The impressive performance was driven by an unrealized gain of $6.4 million in marketable securities and increased net sales of $35.9 million from CompX, primarily due to heightened demand in the marine components sector. However, Kronos experienced a decline in operational income to $34 million, impacted by currency fluctuations and lower TiO2 selling prices.
NL Industries reported a net income of $4.3 million, or $0.09 per share, for Q4 2020, down from $6.3 million, or $0.13 per share, in Q4 2019. For the full year 2020, net income was $14.7 million, or $0.30 per share, compared to $25.8 million, or $0.53 per share, in 2019. The company recognized an unrealized loss of $8.7 million related to marketable equity securities. CompX net sales increased to $30 million in Q4 2020, while Kronos recorded $414.9 million in net sales for the same quarter, marking an 11% increase year-over-year.
NL Industries, Inc. (NYSE:NL) declared a quarterly dividend of $0.06 per share on March 3, 2021. This dividend is payable on March 25, 2021, to shareholders of record as of March 15, 2021. The company operates in the component products and titanium dioxide products sectors, focusing on security products, recreational marine components, and specialty chemicals.
NL Industries, Inc. (NYSE: NL) reported a net income of $3.9 million, or $0.08 per share, for Q3 2020, a turnaround from a loss of $1.6 million in Q3 2019. For the first nine months, net income was $10.4 million, down from $19.5 million in 2019, affected by an unrealized loss of $11.1 million in marketable securities. CompX's net sales declined to $28.4 million in Q3 2020, while Kronos faced a 10% drop in sales compared to the previous year. The COVID-19 pandemic continues to impact production and demand across their operations, especially in Europe.
NL Industries, Inc. (NYSE:NL) has announced a quarterly dividend of $0.04 per share, payable on December 15, 2020, to shareholders on record by December 1, 2020. The company is engaged in the component products sector, which includes security products and recreational marine components, as well as titanium dioxide products.
NL Industries, Inc. (NYSE: NL) announced a quarterly dividend of $0.04 per share, payable on September 15, 2020, to shareholders on record as of September 1, 2020. The company operates in the component products and titanium dioxide sectors, showcasing its diverse portfolio. The dividend reflects the Board's confidence in the company's financial stability and commitment to shareholder returns.
NL Industries reported a net income of $4.6 million ($0.09/share) for Q2 2020, down from $5.9 million ($0.12/share) in Q2 2019. Year-to-date, net income dropped to $6.5 million ($0.13/share) from $21.1 million ($0.43/share) in 2019. CompX net sales fell to $23.8 million in Q2 2020, a decrease from $33.7 million in Q2 2019. Kronos reported a 20% decline in net sales to $386 million in Q2 2020 due to lower sales volumes and TiO2 prices. The COVID-19 pandemic adversely affected operations, resulting in significant declines across the board.
NL Industries, Inc. (NYSE: NL) declared a quarterly dividend of $0.04 per share, payable on June 23, 2020, to shareholders of record as of June 9, 2020. During the 2020 annual shareholder meeting, shareholders elected six directors for a one-year term and approved the compensation of named executive officers on a nonbinding advisory basis. NL Industries operates in the component products (including security and marine components) and titanium dioxide sectors.
NL Industries reported a net income of $1.9 million ($0.04 per share) for Q1 2020, down from $15.2 million ($0.31 per share) in Q1 2019, attributed to a $12.1 million unrealized loss on marketable equity securities. CompX saw net sales increase to $32.3 million, driven by higher security product sales, while Kronos' net sales fell 4% to $421.0 million due to lower sales volumes, particularly in North America. Kronos' income from operations also decreased from $49.0 million to $43.5 million. The company anticipates lower sales and earnings for the remainder of 2020 due to potential impacts from the COVID-19 pandemic.
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