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NL Industries, Inc. (NL) is a prominent player in the component products industry, primarily operating through its majority-owned subsidiary, CompX International Inc. Located at 7007 Boeing Dr, El Paso, Texas, NL Industries focuses on manufacturing engineered components for a diverse set of sectors, including recreational transportation, postal services, office and institutional furniture, cabinetry, tool storage, healthcare, gas stations, and vending equipment.
CompX International Inc. manages three production facilities within the United States, where it develops high-precision ball bearing slides, sophisticated security products, and ergonomic computer support systems. These advanced component products are essential for efficiency and security in various applications. The company's commitment to quality and innovation ensures they remain a trusted supplier across numerous industries.
NL Industries garners a significant portion of its revenue from European markets, highlighting its strong international presence and customer trust. Despite challenges, the company continues to maintain a robust financial condition, supported by strategic partnerships and continuous project developments. Their ongoing projects emphasize both technological advancement and market expansion.
Whether you're an investor seeking reliable stocks or an industry participant interested in high-quality engineered components, NL Industries, Inc. stands out as a key player with a proven track record of delivering excellence.
NL Industries (NYSE: NL) reported Q3 2024 net income of $36.0 million ($.74 per share), compared to a net loss of $.1 million in Q3 2023. The results include an $18.6 million unrealized gain from marketable equity securities. CompX net sales decreased to $33.6 million in Q3 2024 from $40.3 million in Q3 2023. Kronos reported higher net sales of $484.7 million in Q3 2024, up 22% year-over-year, driven by increased TiO2 sales volumes (+21%) despite lower average selling prices. Kronos acquired the remaining 50% stake in Louisiana Pigment Company, resulting in a non-cash gain of $64.5 million.
NL Industries (NYSE: NL) has declared a quarterly dividend of $0.08 per share on its common stock. The dividend will be paid on December 17, 2024, to shareholders of record as of November 29, 2024. The company operates in component products, specializing in security products and recreational marine components, as well as in the chemicals business focusing on TiO2.
NL Industries (NYSE: NL) has announced two dividend payments for shareholders. The company's board of directors has declared a special cash dividend of $0.43 per share, payable on August 29, 2024, to shareholders of record as of August 19, 2024. This special dividend will be funded from excess cash flows. Additionally, NL Industries has declared a quarterly dividend of $0.08 per share, payable on September 24, 2024, to shareholders of record as of September 6, 2024. NL Industries is involved in component products (security products and recreational marine components) and chemicals (TiO2) businesses.
NL Industries (NYSE: NL) reported net income of $7.9 million ($0.16 per share) in Q2 2024, compared to a net loss of $3.1 million in Q2 2023. For H1 2024, net income was $14.7 million ($0.30 per share). CompX's net sales decreased to $35.9 million in Q2 2024 from $36.6 million in Q2 2023. Kronos' net sales increased by 13% to $500.5 million in Q2 2024, driven by higher sales volumes but offset by lower TiO2 selling prices. Kronos' income from operations improved to $35.9 million in Q2 2024 from a loss of $6.7 million in Q2 2023. The company increased its production rates to 93% of practical capacity utilization in H1 2024.
On May 16, 2024, NL Industries (NYSE: NL) announced a quarterly dividend of $0.08 per share, payable on June 25, 2024, to shareholders of record as of June 10, 2024. The company also revealed the results of its 2024 annual shareholder meeting, where shareholders elected Loretta J. Feehan, John E. Harper, Kevin B. Kramer, Meredith W. Mendes, Cecil H. Moore, Jr., Courtney J. Riley, and Michael S. Simmons as directors for one-year terms. Additionally, a resolution approving the compensation of executive officers on a nonbinding advisory basis was adopted. NL Industries operates in the component products and chemicals sectors, specifically in security products, recreational marine components, and TiO2.
NL Industries, Inc. (NYSE: NL) reported net income of $6.8 million in Q1 2024, compared to a net loss in Q1 2023. CompX net sales decreased to $38.0 million in Q1 2024. Kronos saw a 12% increase in net sales to $478.8 million in Q1 2024, driven by higher sales volumes and lower TiO2 selling prices.
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