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NL — NLI Holdings News Story

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Brief: NL Industries Q2 Net Income USD 1 Million

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

MetricBeat/MissActualConsensus Estimate
Q2 Sales$40.30 mln
Q2 Net Income$1 mln
Q2 Gross Margin12.9%
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.)

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