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, Inc. (NYSE: NL) declared a special cash dividend of $0.35 per share, payable on August 31, 2022, to shareholders of record by the close of business on August 22, 2022. This dividend is funded from excess cash flows and is in addition to the previously announced quarterly dividend of $0.07 per share, payable on September 20, 2022, to shareholders of record by the close of business on September 1, 2022. NL Industries operates within the component products and chemicals sectors, primarily focusing on security products and TiO2.
NL Industries, Inc. (NYSE: NL) reported a net income of $30.2 million, or $.62 per share, for Q2 2022, significantly up from $12.7 million, or $.26 per share, in Q2 2021. For the first half of 2022, net income was $48.8 million, or $1.00 per share, compared to $26.0 million, or $.53 per share, in 2021. Net sales rose to $41.6 million in Q2 2022 from $36.3 million in Q2 2021, driven by increased Marine Components and Security Products sales. The report also noted unrealized gains in marketable equity securities of $19.2 million in Q2 2022 versus $4.5 million in Q2 2021.
NL Industries, Inc. (NYSE: NL) has declared a quarterly dividend of $0.07 per share on its common stock. This dividend is scheduled for payment on September 20, 2022, to shareholders on record as of September 1, 2022. The company operates in the component products sector, focusing on security and recreational marine components, as well as in the chemicals industry, specifically titanium dioxide (TiO2).
NL Industries (NYSE: NL) has declared a quarterly dividend of $0.07 per share on its common stock, payable on June 21, 2022. Shareholders of record as of June 6, 2022 will receive this dividend. During the 2022 annual shareholder meeting, shareholders elected six directors for a one-year term and approved a nonbinding resolution on executive compensation.
The board also expanded from six to eight members, electing R. Colin Gouveia and Courtney J. Riley to the board, with Gouveia joining the audit committee.
NL Industries reported a net income of $18.6 million ($0.38 per share) for Q1 2022, up from $13.3 million ($0.27 per share) in Q1 2021. This includes an unrealized gain of $0.7 million in 2022 compared to $6.4 million last year. CompX net sales reached $42.1 million, increasing from $35.9 million in the prior year, driven by higher Security Product sales. Kronos’ earnings surged to $17.5 million, with net sales hitting $562.9 million, a 21% increase from 2021, attributed to higher TiO2 prices and volumes.
NL Industries reported a strong financial performance for Q4 and the full year of 2021. Net income attributable to stockholders rose to $14.9 million ($.31/share) in Q4, up from $4.3 million ($.09/share) in 2020. For the full year, net income jumped to $51.2 million ($1.05/share) from $14.7 million ($.30/share). The unrealized gain from marketable securities was $6.5 million in Q4 and $16.2 million for the year. CompX’s net sales increased to $34.1 million in Q4, partially offset by pandemic-related challenges. Kronos’ performance also improved with a 20% increase in Q4 sales.
NL Industries, Inc. (NYSE: NL) has announced a quarterly dividend of $0.07 per share, payable on March 24, 2022. Shareholders of record will be determined at the close of business on March 14, 2022. The company operates in the component products and chemicals sectors, focusing on security products, recreational marine components, and TiO2 chemicals.
NL Industries, Inc. (NYSE: NL) reported significant financial growth for Q3 2021, with net income of $10.3 million, compared to $3.9 million in Q3 2020. For the first nine months, net income reached $36.3 million, up from $10.4 million. CompX's net sales increased to $34.5 million in Q3 2021 from $28.4 million a year earlier. Additionally, Kronos saw net sales rise by 20% year-over-year to $499.8 million in Q3, bolstered by higher TiO2 selling prices and volumes. However, fluctuations in currency exchange rates had varying impacts on their financial results.
NL Industries, Inc. (NYSE:NL) has declared a quarterly dividend of $0.06 per share on its common stock. This dividend is payable on December 21, 2021, to shareholders on record as of December 2, 2021. The company operates in component products, focusing on security products and recreational marine components, alongside its chemicals division that includes TiO2.
NL Industries, Inc. (NYSE: NL) has declared a quarterly dividend of $0.06 per share on its common stock. This dividend will be payable on September 21, 2021 to shareholders of record on September 2, 2021. NL Industries engages in the production of component products, including security and recreational marine components, as well as chemicals such as TiO2.