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 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.