Overview
NL Industries Q2 net income declines sharply from $7.9 mln to $0.3 mln
CompX Q2 segment profit rises due to higher sales and gross margin
Kronos Q2 net sales dip 1% due to lower TiO2 prices and product mix
Result Drivers
SECURITY PRODUCTS - Higher sales primarily to government security market drove CompX's increased segment profit
MARINE COMPONENTS - Increased sales to government and towboat markets contributed to CompX's profit growth
TI02 PRICING - Kronos' net sales decline attributed to lower average TiO2 selling prices and changes in product mix
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
$40.30 mln
Q2 Net Income
$1 mln
Q2 Gross Margin
12.9%
Q2 Operating Income
$2.80 mln
Q2 Pretax Profit
$1 mln
Analyst Coverage
The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 10 three months ago
Press Release: ID:nGNXc5ptRy
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)