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NL

NL Industries Inc. New York Stock Exchange
$7.98
Open: $7.72 High: $7.729 Low: $7.05 Close: $7.2
Range: 2021-05-06 - 2021-05-07
Volume: 27,694
Market: Closed
Powered by Finage Stock APIDelayed data
NL
NL Industries Inc. 5430 LBJ Freeway Dallas TX, 75240-2620 http://www.nl-ind.com
NL Industries Inc is a holding company and operates in the component products industry through its majority owned subsidiary, CompX International Inc. The Company operates in the chemicals industry through its interest in Kronos Worldwide, Inc.
  • CEO: Robert D. Graham
  • Employees: 520
  • Sector: Industrials
  • Industry: Industrial Distribution
NL News
Latest news about the NL
  • Here Are 3 Underfollowed Names That Had Interesting Earnings Results

    As a value investor, although I tend not to focus too much on one quarter's results, but it can still be an exciting time, especially in Smallville. Sally Beauty Holdings , a member of my 2021 Tax Loss Selling Recovery Portfolio, reported much better-than-expected second quarter earnings of 57 cents, well ahead of the 15 cent consensus estimate. Falcon Minerals , another constituent of the Tax Loss Selling Recovery Portfolio, reported a first quarter loss of -3 cents/share, missing the positive 3 cent consensus.

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  • NL REPORTS FIRST QUARTER 2021 RESULTS

    Dallas, Texas, May 05, 2021 (GLOBE NEWSWIRE) -- NL Industries, Inc. (NYSE: NL) today reported net income attributable to NL stockholders of $13.3 million, or $.27 per share, in the first quarter of 2021 compared to net income attributable to NL stockholders of $1.9 million, or $.04 per share, in the first quarter of 2020. NL results include an unrealized gain of $6.4 million in the first quarter of 2021 related to the change in value of marketable equity securities compared to an unrealized loss of $12.1 million in the first quarter of 2020. CompX net sales were $35.9 million in the first quarter of 2021 compared to $32.3 million in the first quarter of 2020. CompX net sales increased primarily due to higher Marine Component sales to the towboat market and to a lesser extent higher Security Products sales. Marine Components continues to benefit from an overall increase in demand in the recreational marine market which began in late spring 2020. Income from operations attributable to CompX increased to $5.8 million in the first quarter of 2021 compared to $5.0 million in the first quarter of 2020 due to the higher Marine Components sales as well as lower overall medical expenses, partially offset by higher costs of sales at Security Products. NL recognized equity in earnings of Kronos of $6.0 million in the first quarter of 2021 compared to $8.2 million in the first quarter of 2020. Kronos’ net sales of $465.0 million in the first quarter of 2021 were $44.0 million, or 10% higher than in the first quarter of 2020 primarily due to higher sales volumes partially offset by lower average TiO2 selling prices. Kronos’ TiO2 sales volumes were 3% higher in the first quarter of 2021 as compared to the first quarter of 2020 primarily due to higher demand in its North American and Latin American markets, partially offset by lower demand in its European market. Kronos’ average TiO2 selling prices were 1% lower in the first quarter of 2021 as compared to the first quarter of 2020. Kronos’ average TiO2 selling prices at the end of the first quarter of 2021 were 1% higher than its average TiO2 selling prices at the end of 2020. Fluctuations in currency exchange rates (primarily the euro) also affected net sales comparisons, increasing net sales by approximately $20 million in the first quarter of 2021 compared to the first quarter of 2020. The table at the end of this press release shows how each of these items impacted the overall change in Kronos’ net sales. Kronos’ income from operations in the first quarter of 2021 was $34.0 million as compared to $43.5 million in the first quarter of 2020. Kronos’ income from operations decreased in the first quarter of 2021 compared to the first quarter of 2020 primarily due to lower income from operations resulting from the net effects of fluctuations in currency exchange rates, which decreased income from operations by approximately $16 million in the first quarter of 2021 as compared to the first quarter of 2020, lower average TiO2 selling prices, higher sales volumes and lower production costs. Due to the phase-out of sulfate production at one of Kronos’ facilities in the fourth quarter of 2020, Kronos’ TiO2 production volumes were 1% lower in the first quarter of 2021 as compared to the first quarter of 2020. Kronos operated its production facilities at overall average capacity utilization rates of 97% and 95% in the first quarters of 2021 and 2020, respectively. Kronos’ other income (expense) in the first quarter of 2020 includes a pre-tax insurance settlement gain of $1.5 million (NL’s equity interest was $.4 million, or $.01 per share, net of income tax expense) related to a property damage claim. Corporate expenses decreased $.7 million in the first quarter of 2021 compared to the first quarter of 2020 primarily due to lower litigation fees and related costs and lower administrative expenses. Interest and dividend income decreased $.7 million in the first quarter of 2021 compared to the first quarter of 2020 primarily due to lower dividend income and lower interest income related to lower average interest rates on invested balances and lower average interest rates, and to a lesser extent lower average outstanding balances, under CompX’s revolving promissory note receivable from Valhi. Marketable equity securities represent the change in unrealized gains (losses) on our portfolio of marketable equity securities during the periods. The statements in this release relating to matters that are not historical facts are forward-looking statements that represent management's beliefs and assumptions based on currently available information. Although we believe the expectations reflected in such forward-looking statements are reasonable, we cannot give any assurances that these expectations will prove to be correct. Such statements by their nature involve substantial risks and uncertainties that could significantly impact expected results, and actual future results could differ materially from those described in such forward-looking statements. While it is not possible to identify all factors, we continue to face many risks and uncertainties. Factors that could cause actual future results to differ materially include, but are not limited to: Future supply and demand for our productsThe extent of the dependence of certain of our businesses on certain market sectorsThe cyclicality of our businesses (such as Kronos’ TiO2 operations)Customer and producer inventory levelsUnexpected or earlier-than-expected industry capacity expansion (such as the TiO2 industry)Changes in raw material and other operating costs (such as energy, ore, zinc, aluminum, steel and brass costs) and our ability to pass those costs on to our customers or offset them with reductions in other operating costsChanges in the availability of raw material (such as ore)General global economic and political conditions that harm the worldwide economy, disrupt our supply chain, increase material costs or reduce demand or perceived demand for Kronos’ TiO2 and our products or impair our ability to operate our facilities (including changes in the level of gross domestic product in various regions of the world, natural disasters, terrorist acts, global conflicts and public health crises such as COVID-19) Competitive products and substitute productsPrice and product competition from low-cost manufacturing sources (such as China)Customer and competitor strategiesPotential consolidation of Kronos’ competitorsPotential consolidation of Kronos’ customersThe impact of pricing and production decisionsCompetitive technology positionsOur ability to protect or defend intellectual property rightsPotential difficulties in integrating future acquisitionsPotential difficulties in upgrading or implementing accounting and manufacturing software systems The introduction of trade barriers or trade disputesThe impact of current or future government regulations (including employee healthcare benefit related regulations)Fluctuations in currency exchange rates (such as changes in the exchange rate between the U.S. dollar and each of the euro, the Norwegian krone and the Canadian dollar and between the euro and the Norwegian krone), or possible disruptions to our business resulting from uncertainties associated with the euro or other currenciesOperating interruptions (including, but not limited to, labor disputes, leaks, natural disasters, fires, explosions, unscheduled or unplanned downtime, transportation interruptions, cyber-attacks and public health crises such as COVID-19)Decisions to sell operating assets other than in the ordinary course of businessKronos’ ability to renew or refinance credit facilitiesOur ability to maintain sufficient liquidityThe timing and amounts of insurance recoveriesThe ability of our subsidiaries or affiliates to pay us dividendsUncertainties associated with CompX’s development of new products and product featuresThe ultimate outcome of income tax audits, tax settlement initiatives or other tax matters, including future tax reformOur ability to utilize income tax attributes or changes in income tax rates related to such attributes, the benefits of which may or may not have been recognized under the more-likely-than-not recognition criteriaEnvironmental matters (such as those requiring compliance with emission and discharge standards for existing and new facilities or new developments regarding environmental remediation at sites related to our former operations)Government laws and regulations and possible changes therein (such as changes in government regulations which might impose various obligations on former manufacturers of lead pigment and lead-based paint, including us, with respect to asserted health concerns associated with the use of such products), including new environmental health and safety regulations such as those seeking to limit or classify TiO2 or its useThe ultimate resolution of pending litigation (such as our lead pigment and environmental matters) Possible future litigation. Should one or more of these risks materialize (or the consequences of such a development worsen), or should the underlying assumptions prove incorrect, actual results could differ materially from those currently forecasted or expected. We disclaim any intention or obligation to update or revise any forward-looking statement whether as a result of changes in information, future events or otherwise. NL Industries, Inc. is engaged in component products (security products and recreational marine components) and chemicals (TiO2) businesses. NL INDUSTRIES, INC.CONDENSED CONSOLIDATED STATEMENTS OF INCOME(In millions, except earnings per share) Three months ended March 31, 2020 2021 (unaudited) Net sales$32.3 $35.9 Cost of sales 21.9 24.9 Gross margin 10.4 11.0 Selling, general and administrative expense 5.4 5.2 Corporate expense 2.5 1.8 Income from operations 2.5 4.0 Equity in earnings of Kronos Worldwide, Inc. 8.2 6.0 Other income (expense): Interest and dividend income 1.1 .4 Marketable equity securities (12.1) 6.4 Other components of net periodic pension and OPEB cost (.2) (.1) Interest expense (.3) (.3) Income (loss) before income taxes (.8) 16.4 Income tax expense (benefit) (3.3) 2.5 Net income 2.5 13.9 Noncontrolling interest in net income of subsidiary .6 .6 Net income attributable to NL stockholders$1.9 $13.3 Net income per share attributable to NL stockholders$.04 $.27 Weighted average shares used in the calculation of net income per share 48.8 48.8 NL INDUSTRIES, INC.COMPONENTS OF INCOME FROM OPERATIONS(In millions)(unaudited) Three months ended March 31, 2020 2021 CompX - component products$5.0 $5.8 Corporate expense (2.5) (1.8) Income from operations$2.5 $4.0 CHANGE IN KRONOS’ TiO2 SALES(unaudited) Three months ended March 31, 2021 vs. 2020 Percentage change in net sales: TiO2 sales volume 3 % TiO2 product pricing (1) TiO2 product mix/other 3 Changes in currency exchange rates 5 Total 10 % CONTACT: SOURCE: NL Industries, Inc. CONTACT: Janet G. Keckeisen, Vice President - Corporate Strategy and Investor Relations, 972.233.1700

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  • Smaller Value Stocks Take Their Lumps

    It has been a couple ugly days for smaller names as the Russell 2000 (down 3.29%) and Russell Microcap (down 4.12%) indices have seen their April turn negative. Year to date, though, both are in decent shape (Russell 2000 up 11.08%, Russell Microcap up 17.82%). Value continues to lead this year in Smallville, however; the Russell 2000 Value Index (up 19.37%) is beating Russell 2000 Growth (up 3.43%) by 1,594 basis points, while Russell Microcap Value (up 24.62%) is outpacing Russell Microcap Growth (up 9.26%) by 1,536 basis points.

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  • NL Industries, Inc.'s (NYSE:NL) Stock is Soaring But Financials Seem Inconsistent: Will The Uptrend Continue?

    NL Industries' (NYSE:NL) stock is up by a considerable 51% over the past three months. However, we decided to pay...

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  • NL REPORTS FOURTH QUARTER 2020 RESULTS

    Dallas, Texas, March 10, 2021 (GLOBE NEWSWIRE) -- NL Industries, Inc. (NYSE: NL) today reported net income attributable to NL stockholders of $4.3 million, or $.09 per share, in the fourth quarter of 2020 compared to net income attributable to NL stockholders of $6.3 million, or $.13 per share, in the fourth quarter of 2019. For the full year of 2020, NL reported net income attributable to NL stockholders of $14.7 million, or $.30 per share, compared to net income attributable to NL stockholders of $25.8 million, or $.53 per share in 2019. NL results include an unrealized loss of $8.7 million in the full year of 2020 related to the change in value of marketable equity securities compared to a $.9 million unrealized loss in 2019. NL also recognized a pre-tax litigation settlement expense of $19.3 million ($.31 per share, net of income tax benefit) mainly in the second quarter of 2019. CompX net sales were $30.0 million in the fourth quarter of 2020 compared to $29.6 million in the fourth quarter of 2019 and $114.5 million for the year ended December 31, 2020 compared to $124.2 million for the full year of 2019. CompX net sales increased in the fourth quarter of 2020 compared to the same period in 2019 as lower Security Products sales were more than offset by increased Marine Components sales, with the towboat market representing most of the increase in marine sales. CompX net sales decreased in the full year of 2020 compared to the full year of 2019 due to lower Security Products sales primarily resulting from customer disruptions caused by the COVID-19 pandemic, somewhat offset by higher Marine Components sales. Income from operations attributable to CompX was $2.3 million in the fourth quarter of 2020 compared to $3.5 million in the fourth quarter of 2019 and $11.8 million in the full year of 2020 compared to $17.7 million in the full year of 2019. Operating income decreased in the fourth quarter of 2020 compared to the fourth quarter of 2019 as the improvement in Marine Components operating income was offset by the decline of Security Products operating income. Security Products operating income for the period declined primarily due to the higher cost of sales noted below, as well as increased medical costs. Operating income in the full year of 2020 compared to the full year of 2019 was negatively impacted by higher fixed cost per unit of production as the result of lower production volumes in the second and third quarters which increased the cost of inventory produced in these quarters and sold in the second half of 2020. Additionally, operating income in the full year of 2020 compared to prior year was negatively impacted by increased employer paid medical costs unrelated to the pandemic. In the second half of 2020, CompX sales began to recover from the historically low levels it experienced during the second quarter, with sales steadily improving for the remainder of the year. In the second half of the year, CompX’s manufacturing operations returned to more normal production rates as demand from its customers began to return, although Security Products operations did not recover to pre-pandemic levels. NL recognized equity in earnings of Kronos of $3.1 million in the fourth quarter of 2020 compared to $2.9 million in the same period of 2019 and $19.4 million in the full year of 2020 compared to $26.5 million in the full year of 2019. Kronos’ net sales of $414.9 million in the fourth quarter of 2020 were $42.2 million, or 11%, higher than in the fourth quarter of 2019. Kronos’ net sales of $1.6 billion in the full year of 2020 were $92.3 million, or 5%, lower than in the full year of 2019. Kronos’ net sales increased in the fourth quarter of 2020 compared to the same period in 2019 primarily due to higher sales volumes partially offset by lower average TiO2 selling prices. Kronos’ net sales decreased in the full year of 2020 compared to the full year of 2019 primarily due to lower sales volumes and lower average TiO2 selling prices. Kronos’ TiO2 sales volumes were 12% higher in the fourth quarter of 2020 as compared to the fourth quarter of 2019 primarily due to higher demand in its European and North American markets. Kronos’ TiO2 sales volumes were 6% lower in the full year of 2020 as compared to the full year of 2019 due to lower sales volumes in all major markets, primarily resulting from demand contraction related to the COVID-19 pandemic, which mainly impacted the second and third quarters. Kronos’ average TiO2 selling prices were 3% lower in the fourth quarter of 2020 as compared to the fourth quarter of 2019 and 2% lower in the full year of 2020 as compared to the full year of 2019. Kronos’ average TiO2 selling prices at the end of 2020 were comparable to its average TiO2 selling prices at the end of the third quarter of 2020 and 3% lower than the beginning of the year. Fluctuations in currency exchange rates (primarily the euro) also affected Kronos’ net sales comparisons, increasing net sales by approximately $13 million in the fourth quarter of 2020 and increasing net sales by approximately $9 million in the full year of 2020 as compared to the same periods in 2019. Kronos’ income from operations in the fourth quarter of 2020 was $20.4 million as compared to $17.2 million in the fourth quarter of 2019. For the full year of 2020, Kronos’ income from operations was $116.2 million as compared to $145.8 million in 2019. Kronos’ income from operations increased in the fourth quarter of 2020 as compared to the fourth quarter of 2019 primarily due to higher sales volumes and lower production costs, partially offset by lower average TiO2 selling prices. Kronos’ income from operations decreased for the full year of 2020 compared to the full year of 2019 primarily due to the effects of lower sales volumes, lower average TiO2 selling prices and higher raw materials and other production costs. Kronos’ TiO2 production volumes were 8% lower in the fourth quarter of 2020 and 5% lower in the full year of 2020 as compared to the same periods in 2019. Kronos operated its production facilities at overall average capacity utilization rates of 92% in the full year of 2020 (95%, 96%, 86% and 92% in the first, second, third and fourth quarters of 2020, respectively) compared to 98% in 2019 (97% in the first, second and third quarters and at full practical capacity in the fourth quarter of 2019). Early in the third quarter of 2020, Kronos decreased production levels to correspond with a temporary decline in market demand, then increased production levels later in the third quarter and into the fourth quarter to align with improved demand and its market expectations for the near term. Fluctuations in currency exchange rates increased income from operations by approximately $6 million in the full year of 2020 as compared to the full year of 2019, while fluctuations in currency exchange rates had only a nominal effect on the fourth quarter income from operations comparison. Corporate expenses decreased $1.3 million in the fourth quarter of 2020 compared to the fourth quarter of 2019 primarily due to lower litigation fees and related costs and lower administrative expenses. Corporate expenses decreased $3.0 million in the full year of 2020 compared to the full year of 2019 primarily due to lower litigation fees and related costs and lower administrative expenses partially offset by higher environmental remediation and related costs. We recognized a $19.3 million pre-tax litigation settlement expense in 2019 for a settlement agreement that was approved by the court in July 2019. Insurance recoveries represent amounts we receive from certain of our former insurance carriers and generally relate to the recovery of past lead pigment and asbestos litigation defense costs we have incurred. Substantially all of the insurance recoveries we recognized in 2019 relate to a settlement we reached with a single insurance carrier that agreed to reimburse us for a portion of our past and future litigation defense costs. Such insurance recoveries aggregated $5.1 million ($.08 per share, net of income tax expense) in 2019. Other income, net in 2019 includes a gain of $4.4 million ($.07 per share, net of income tax expense) related to a sale of excess property in the third quarter and a gain of $3.0 million ($.05 per share, net of income tax expense) related to the sale of our insurance and risk management business in the fourth quarter. Interest and dividend income decreased $1.0 million in the fourth quarter and $4.1 million in the full year of 2020 compared to the prior year periods primarily due to lower average balances and lower interest rates on CompX’s revolving promissory note receivable from Valhi as well as lower average interest rates on invested balances partially offset by higher cash and cash equivalents available for investment. Marketable equity securities represent the change in unrealized gains (losses) on our portfolio of marketable equity securities during the periods. Our results of operations for 2020 were significantly impacted by the COVID-19 pandemic, primarily in the second and third quarters, due to government mandated closures and reduced demand for many of CompX’s and Kronos’ products resulting from the rapid contraction of vast areas of the global economy. The extent of the impact of the COVID-19 pandemic on our future operations will depend on the time period and degree to which the COVID-19 pandemic persists in the global economy, including the timing and extent to which CompX’s and Kronos’ customers’ operations continue to be impacted, their customers’ perception as to when consumer demand for their products will return to pre-pandemic levels and on any future disruptions in their operations or their suppliers’ operations, all of which are difficult to predict. The statements in this release relating to matters that are not historical facts are forward-looking statements that represent management's beliefs and assumptions based on currently available information. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we cannot give any assurances that these expectations will prove to be correct. Such statements by their nature involve substantial risks and uncertainties that could significantly impact expected results, and actual future results could differ materially from those described in such forward-looking statements. While it is not possible to identify all factors, we continue to face many risks and uncertainties. Factors that could cause actual future results to differ materially include, but are not limited to: Future supply and demand for our productsThe extent of the dependence of certain of our businesses on certain market sectorsThe cyclicality of our businesses (such as Kronos’ TiO2 operations)Customer and producer inventory levelsUnexpected or earlier-than-expected industry capacity expansion (such as the TiO2 industry)Changes in raw material and other operating costs (such as energy, ore, zinc, aluminum, steel and brass costs) and our ability to pass those costs on to our customers or offset them with reductions in other operating costsChanges in the availability of raw material (such as ore)General global economic and political conditions that harm the worldwide economy, disrupt our supply chain, increase material costs or reduce demand or perceived demand for Kronos’ TiO2 and our products or impair our ability to operate our facilities (including changes in the level of gross domestic product in various regions of the world, natural disasters, terrorist acts, global conflicts and public health crises such as COVID-19) Competitive products and substitute productsPrice and product competition from low-cost manufacturing sources (such as China)Customer and competitor strategiesPotential consolidation of Kronos’ competitorsPotential consolidation of Kronos’ customersThe impact of pricing and production decisionsCompetitive technology positionsOur ability to protect or defend intellectual property rightsPotential difficulties in integrating future acquisitionsPotential difficulties in upgrading or implementing accounting and manufacturing software systems The introduction of trade barriers or trade disputesThe impact of current or future government regulations (including employee healthcare benefit related regulations)Fluctuations in currency exchange rates (such as changes in the exchange rate between the U.S. dollar and each of the euro, the Norwegian krone and the Canadian dollar and between the euro and the Norwegian krone), or possible disruptions to our business resulting from uncertainties associated with the euro or other currenciesOperating interruptions (including, but not limited to, labor disputes, leaks, natural disasters, fires, explosions, unscheduled or unplanned downtime, transportation interruptions, cyber-attacks and public health crises such as COVID-19)Decisions to sell operating assets other than in the ordinary course of businessKronos’ ability to renew or refinance credit facilitiesOur ability to maintain sufficient liquidityThe timing and amounts of insurance recoveriesThe ability of our subsidiaries or affiliates to pay us dividendsUncertainties associated with CompX’s development of new products and product featuresThe ultimate outcome of income tax audits, tax settlement initiatives or other tax matters, including future tax reformOur ability to utilize income tax attributes or changes in income tax rates related to such attributes, the benefits of which may or may not have been recognized under the more-likely-than-not recognition criteriaEnvironmental matters (such as those requiring compliance with emission and discharge standards for existing and new facilities or new developments regarding environmental remediation at sites related to our former operations)Government laws and regulations and possible changes therein (such as changes in government regulations which might impose various obligations on former manufacturers of lead pigment and lead-based paint, including us, with respect to asserted health concerns associated with the use of such products), including new environmental health and safety regulations such as those seeking to limit or classify TiO2 or its useThe ultimate resolution of pending litigation (such as our lead pigment and environmental matters) Possible future litigation. Should one or more of these risks materialize (or the consequences of such a development worsen), or should the underlying assumptions prove incorrect, actual results could differ materially from those currently forecasted or expected. We disclaim any intention or obligation to update or revise any forward-looking statement whether as a result of changes in information, future events or otherwise. NL Industries, Inc. is engaged in the component products (security products and recreational marine components), chemicals (TiO2) and other businesses. NL INDUSTRIES, INC.CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(In millions, except earnings per share) Three months ended Year ended December 31, December 31, 2019 2020 2019 2020 (unaudited) Net sales$29.6 $30.0 $124.2 $114.5 Cost of sales 20.6 22.3 85.2 81.7 Gross margin 9.0 7.7 39.0 32.8 Selling, general and administrative expense 5.5 5.4 21.3 21.0 Other operating income (expense): Insurance recoveries (.1) - 5.1 .1 Other income, net 3.0 - 7.4 - Litigation settlement expense, net - - (19.3) - Corporate expense (3.4) (2.1) (12.5) (9.5) Income (loss) from operations 3.0 .2 (1.6) 2.4 Equity in earnings of Kronos Worldwide, Inc. 2.9 3.1 26.5 19.4 Other income (expense): Interest and dividend income 1.5 .5 6.7 2.6 Marketable equity securities (.5) 2.4 (.9) (8.7) Other components of net periodic pension and OPEB cost (.1) (.2) (1.4) (.8) Interest expense (.4) (.3) (.7) (1.3) Income before income taxes 6.4 5.7 28.6 13.6 Income tax expense (benefit) (.3) 1.1 .6 (2.5) Net income 6.7 4.6 28.0 16.1 Noncontrolling interest in net income of subsidiary .4 .3 2.2 1.4 Net income attributable to NL stockholders$6.3 $4.3 $25.8 $14.7 Net income per share attributable to NL stockholders$.13 $.09 $.53 $.30 Weighted average shares used in the calculation of net income per share 48.8 48.8 48.7 48.8 NL INDUSTRIES, INC.COMPONENTS OF INCOME (LOSS) FROM OPERATIONS(In millions)(unaudited) Three months ended Year ended December 31, December 31, 2019 2020 2019 2020 CompX - component products$3.5 $2.3 $17.7 $11.8 Insurance recoveries (.1) - 5.1 .1 Other income, net 3.0 - 7.4 - Litigation settlement expense, net - - (19.3) - Corporate expense (3.4) (2.1) (12.5) (9.5) Income (loss) from operations$3.0 $.2 $(1.6) $2.4 CHANGE IN KRONOS’ TiO2 SALES(unaudited) Three months ended Year ended December 31, December 31, 2020 vs. 2019 2020 vs. 2019 Percentage change in net sales: TiO2 sales volume (3)% (2)% TiO2 product pricing 12 (6) TiO2 product mix/other (2) 2 Changes in currency exchange rates 4 1 Total 11 % (5)%CONTACT: SOURCE: NL Industries, Inc. CONTACT: Janet G. Keckeisen, Vice President - Corporate Strategy and Investor Relations, 972.233.1700

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  • Smallville Report: NL Industries Dividend, Daktronics Solid Run, Biglari Shares

    Elsewhere in Smallville, which has been a pretty exciting place to be recently, South Dakota based Daktronics , which makes and sells electronic display systems, and is a member of my 2020 Triple Net Active Portfolio, is enjoying a solid run. Results for the ever-controversial, and media-shy Biglari Holdings , were released earlier this week, and were evidently perceived as good enough to push shares to near a two-year high.

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  • NL INDUSTRIES ANNOUNCES $0.06 PER SHARE DIVIDEND FOR THE FIRST QUARTER OF 2021

    Dallas, Texas, March 03, 2021 (GLOBE NEWSWIRE) -- NL Industries, Inc. (NYSE:NL) today announced that its Board of Directors voted to declare a quarterly dividend of six cents ($0.06) per share on its common stock payable on March 25, 2021 to shareholders of record at the close of business on March 15, 2021. NL Industries, Inc. is engaged in the component products (security products and recreational marine components) and titanium dioxide products businesses. * * * * * CONTACT: SOURCE: NL Industries, Inc. CONTACT: Janet G. Keckeisen, Vice President - Corporate Strategy and Investor Relations, 972.233.1700

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  • What's Driving NL Industries Stock Higher?

    NL currently garners no analyst coverage, which is one of the reasons that you've likely never heard of the company.

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  • The Trends At NL Industries (NYSE:NL) That You Should Know About

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  • NL Industries (NYSE:NL) Shareholders Have Enjoyed An Impressive 121% Share Price Gain

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  • Three Days Left To Buy NL Industries, Inc. (NYSE:NL) Before The Ex-Dividend Date

    It looks like NL Industries, Inc. (NYSE:NL) is about to go ex-dividend in the next three days. Ex-dividend means that...

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  • Estimating The Fair Value Of NL Industries, Inc. (NYSE:NL)

    How far off is NL Industries, Inc. (NYSE:NL) from its intrinsic value? Using the most recent financial data, we'll...

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  • NL REPORTS THIRD QUARTER 2020 RESULTS

    Dallas, Texas, Nov. 04, 2020 (GLOBE NEWSWIRE) -- NL Industries, Inc. (NYSE: NL) today reported net income attributable to NL stockholders of $3.9 million, or $.08 per share, in the third quarter of 2020 compared to a net loss attributable to NL stockholders of $1.6 million, or $.03 per share, in the third quarter of 2019.  For the first nine months of 2020, NL reported net income attributable to NL stockholders of $10.4 million, or $.21 per share, compared to net income of $19.5 million, or $.40 per share for the first nine months of 2019.  NL results include an unrealized loss of $11.1 million in the first nine months of 2020 related to the change in value of marketable equity securities compared to a $.4 million unrealized loss in the first nine months of 2019.  NL also recognized a pre-tax litigation settlement expense of $19.3 million ($.31 per share, net of income tax benefit) mainly in the second quarter of 2019.CompX net sales were $28.4 million for the third quarter of 2020 compared to $29.7 million in the third quarter of 2019 and $84.5 million for the nine months ended September 30, 2020 compared to $94.6 million for the same prior year period.  Income from operations attributable to CompX was $2.1 million for the third quarter of 2020 compared to $4.3 million for the third quarter of 2019 and $9.5 million for the first nine months of 2020 compared to $14.2 million for the same prior year period.  In the third quarter of 2020, CompX sales began to recover from the historically low levels experienced during the second quarter, although the COVID-19 pandemic continues to impact CompX’s operations and demand for its products. CompX income from operations for the third quarter and the first nine months of 2020 compared to the same periods in 2019 was negatively impacted by higher fixed cost per unit of production as the result of lower production volumes in the second quarter which increased the cost of inventory produced in the second quarter and sold in the third quarter of 2020. In the third quarter, CompX’s manufacturing operations returned to more normal production rates as demand from its customers began to return, although for the most part, below pre-pandemic levels.NL recognized equity in earnings of Kronos of $2.4 million in the third quarter of 2020 compared to $5.4 million in the same period of 2019 and $16.3 million in the first nine months of 2020 compared to $23.6 million in the same period of 2019.  Kronos’ net sales of $416.9 million in the third quarter of 2020 were $20.5 million, or 5%, lower than in the third quarter of 2019.  Kronos’ net sales of $1.2 billion in the first nine months of 2020 were $134.5 million, or 10%, lower than in the first nine months of 2019.  Kronos’ net sales decreased in the 2020 periods primarily due to lower sales volumes and lower average TiO2 selling prices.  Kronos’ TiO2 sales volumes were 6% lower in the third quarter of 2020 as compared to the third quarter of 2019 primarily due to lower demand in European and export markets and 11% lower in the first nine months of 2020 as compared to the same prior year period due to lower sales volumes in all major markets resulting from the demand contraction related to the COVID-19 pandemic. Kronos’ average TiO2 selling prices were 4% lower in the third quarter and 2% lower in the first nine months of 2020 as compared to the same periods in 2019.  Kronos’ average TiO2 selling prices at the end of the third quarter of 2020 were comparable to average TiO2 selling prices at the end of the second quarter of 2020 and 3% lower than the beginning of the year.  Fluctuations in currency exchange rates (primarily the euro) also affected net sales comparisons, increasing net sales by approximately $7 million in the third quarter of 2020 and decreasing net sales by approximately $4 million in the first nine months of 2020 as compared to the same periods in 2019.  Kronos’ income from operations in the third quarter of 2020 was $19.3 million as compared to $33.1 million in the third quarter of 2019. For the year-to-date period, Kronos’ income from operations was $95.8 million as compared to $128.6 million in the first nine months of 2019.   Kronos’ income from operations decreased in the third quarter of 2020 as compared to the third quarter of 2019 primarily due to the effects of lower sales volumes and lower average TiO2 selling prices, partially offset by lower production costs.  Kronos’ income from operations decreased in the first nine months of 2020 compared to the same period in 2019 primarily due to the effects of lower sales volumes, lower average TiO2 selling prices and higher raw materials and other production costs.  Kronos’ TiO2 production volumes were 11% lower in the third quarter of 2020 and 5% lower in the year-to-date period of 2020 as compared to the same periods in 2019.  Kronos operated its production facilities at overall average capacity utilization rates of 92% in the first nine months of 2020 (95%, 96% and 86% in the first, second and third quarters of 2020, respectively) compared to 97% in 2019 (97% in the first, second and third quarters of 2019).  Early in the third quarter of 2020, Kronos decreased production levels to align with demand and its market expectations for the near term as a result of the COVID-19 pandemic, and late in the third quarter Kronos began increasing production levels as demand improved. Fluctuations in currency exchange rates also affected income from operations comparisons, which decreased income from operations by approximately $5 million in the third quarter of 2020 as compared to the same period in 2019 and increased income from operations by approximately $6 million in the year-to-date 2020 period as compared to the same period of 2019.  Corporate expenses decreased $1.0 million in the third quarter of 2020 compared to the third quarter of 2019 primarily due to lower litigation fees and related costs.  Corporate expenses decreased $1.7 million in the first nine months of 2020 compared to the same period of 2019 primarily due to lower litigation fees and related costs partially offset by higher environmental remediation and related costs.  We recognized an additional $19.3 million pre-tax litigation settlement expense in the first nine months of 2019 for a settlement agreement that was approved by the court in July 2019.  Insurance recoveries represent amounts we receive from certain of our former insurance carriers and generally relate to the recovery of past lead pigment and asbestos litigation defense costs we have incurred.  Substantially all of the insurance recoveries we recognized in the first nine months of 2019 relate to a settlement we reached with a single insurance carrier that agreed to reimburse us for a portion of our past and future litigation defense costs.  Such insurance recoveries aggregated $5.2 million ($.08 per share, net of income tax expense) in the first nine months of 2019.  Other income, net in 2019 includes a gain of $4.4 million ($.07 per share, net of income tax expense) related to a sale of excess property in the third quarter.Interest and dividend income decreased $1.1 million in the third quarter and $3.1 million in the first nine months of 2020 compared to the prior year periods primarily due to lower average outstanding balances under CompX’s revolving promissory note receivable from Valhi and lower average interest rates on invested balances partially offset by higher cash and cash equivalents and restricted cash and cash equivalents available for investment.  Marketable equity securities represent unrealized gains (losses) on our portfolio of marketable equity securities during the periods.Our results of operations for the first nine months of 2020 were significantly impacted by the COVID-19 pandemic, primarily in the second and third quarters, specifically through reduced demand for many of CompX and Kronos’ products resulting from the rapid contraction of vast areas of the global economy. The extent of the COVID-19 impact on our future operations will depend on the time period and degree to which the COVID-19 pandemic persists in the global economy thereby reducing customer demand for certain of CompX and Kronos’ products, including the timing and extent to which CompX and Kronos’ customers’ operations continue to be impacted, their customers’ perception as to when consumer demand for their products will return to pre-pandemic levels and on any future disruptions in their  operations or their suppliers’ operations, all of which are difficult to predict.The statements in this release relating to matters that are not historical facts are forward-looking statements that represent management's beliefs and assumptions based on currently available information.  Although we believe that the expectations reflected in such forward-looking statements are reasonable, we cannot give any assurances that these expectations will prove to be correct.  Such statements by their nature involve substantial risks and uncertainties that could significantly impact expected results, and actual future results could differ materially from those described in such forward-looking statements.  While it is not possible to identify all factors, we continue to face many risks and uncertainties.  Factors that could cause actual future results to differ materially include, but are not limited to: * Future supply and demand for our products * The extent of the dependence of certain of our businesses on certain market sectors * The cyclicality of our businesses (such as Kronos’ TiO2 operations) * Customer and producer inventory levels * Unexpected or earlier-than-expected industry capacity expansion (such as the TiO2 industry) * Changes in raw material and other operating costs (such as energy, ore, zinc, aluminum, steel and brass costs) and our ability to pass those costs on to our customers or offset them with reductions in other operating costs * Changes in the availability of raw material (such as ore) * General global economic and political conditions that harm the worldwide economy, disrupt our supply chain, increase material costs or reduce demand or perceived demand for Kronos’ TiO2 and our products or impair our ability to operate our facilities (including changes in the level of gross domestic product in various regions of the world, natural disasters, terrorist acts, global conflicts and public health crises such as COVID-19) * Competitive products and substitute products * Price and product competition from low-cost manufacturing sources (such as China) * Customer and competitor strategies * Potential consolidation of Kronos’ competitors * Potential consolidation of Kronos’ customers * The impact of pricing and production decisions * Competitive technology positions * Our ability to protect or defend intellectual property rights * Potential difficulties in integrating future acquisitions * Potential difficulties in upgrading or implementing accounting and manufacturing software systems * The introduction of trade barriers or trade disputes * The impact of current or future government regulations (including employee healthcare benefit related regulations) * Fluctuations in currency exchange rates (such as changes in the exchange rate between the U.S. dollar and each of the euro, the Norwegian krone and the Canadian dollar), or possible disruptions to our business resulting from uncertainties associated with the euro or other currencies * Operating interruptions (including, but not limited to, labor disputes, leaks, natural disasters, fires, explosions, unscheduled or unplanned downtime, transportation interruptions, cyber-attacks and public health crises such as COVID-19) * Decisions to sell operating assets other than in the ordinary course of business * Kronos’ ability to renew or refinance credit facilities * Our ability to maintain sufficient liquidity * The timing and amounts of insurance recoveries * The ability of our subsidiaries or affiliates to pay us dividends * Uncertainties associated with CompX’s development of new products and product features * The ultimate outcome of income tax audits, tax settlement initiatives or other tax matters, including future tax reform * Our ability to utilize income tax attributes or changes in income tax rates related to such attributes, the benefits of which may or may not have been recognized under the more-likely-than-not recognition criteria * Environmental matters (such as those requiring compliance with emission and discharge standards for existing and new facilities or new developments regarding environmental remediation at sites related to our former operations) * Government laws and regulations and possible changes therein (such as changes in government regulations which might impose various obligations on former manufacturers of lead pigment and lead-based paint, including us, with respect to asserted health concerns associated with the use of such products), including new environmental health and safety regulations such as those seeking to limit or classify TiO2 or its use * The ultimate resolution of pending litigation (such as our lead pigment and environmental matters) * Possible future litigation.  Should one or more of these risks materialize (or the consequences of such a development worsen), or should the underlying assumptions prove incorrect, actual results could differ materially from those currently forecasted or expected.  We disclaim any intention or obligation to update or revise any forward-looking statement whether as a result of changes in information, future events or otherwise.  NL Industries, Inc. is engaged in the component products (security products and recreational marine components), chemicals (TiO2) and other businesses. NL INDUSTRIES, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except earnings per share) (unaudited) Three months ended  Nine months ended   September 30,  September 30,   2019  2020  2019  2020              Net sales$29.7  $28.4  $94.6  $84.5  Cost of sales 20.2   21.1   64.6   59.4                        Gross margin 9.5   7.3   30.0   25.1                   Selling, general and administrative expense 5.2   5.2   15.8   15.6  Other operating income (expense):                     Insurance recoveries .2   -   5.2   .1       Other income, net 4.4   -   4.4   -       Litigation settlement expense, net .3   -   (19.3)  -       Corporate expense (3.4)  (2.4)  (9.1)  (7.4)                           Income (loss) from operations 5.8   (.3)  (4.6)  2.2                   Equity in earnings of Kronos Worldwide, Inc. 5.4   2.4   23.6   16.3                   Other income (expense):                     Interest and dividend income 1.6   .5   5.2   2.1       Marketable equity securities (15.3)  3.2   (.4)  (11.1)      Other components of net periodic pension        and OPEB cost (.5)  (.2)  (1.3)  (.6)      Interest expense (.3)  (.3)  (.3)  (1.0)                           Income (loss) before income taxes (3.3)  5.3   22.2   7.9                   Income tax expense (benefit) (2.3)  1.2   .9   (3.6)                           Net income (loss) (1.0)  4.1   21.3   11.5                   Noncontrolling interest in net income of subsidiary .6   .2   1.8   1.1                   Net income (loss) attributable to NL stockholders$(1.6) $3.9  $19.5  $10.4                   Net income (loss) per share attributable to         NL stockholders$(.03) $.08  $.40  $.21                   Weighted average shares used in the calculation                       of net income (loss) per share 48.8   48.8   48.7   48.8  NL INDUSTRIES, INC. COMPONENTS OF INCOME (LOSS) FROM OPERATIONS (In millions) (unaudited)  Three months ended  Nine months ended   September 30,  September 30,   2019  2020  2019  2020                   CompX - component products$4.3  $2.1  $14.2  $9.5  Insurance recoveries .2   -   5.2   .1  Other income, net 4.4   -   4.4   -  Litigation settlement expense, net .3   -   (19.3)  -  Corporate expense (3.4)  (2.4)  (9.1)  (7.4)                        Income (loss) from operations$5.8  $(.3) $(4.6) $2.2  CHANGE IN KRONOS’ TiO2 SALES (unaudited) Three months ended Nine months ended  September 30, September 30,  2020 vs. 2019 2020 vs. 2019              Percentage change in net sales:                  TiO2 sales volume  (6)%   (11)%       TiO2 product pricing  (4)    (2)        TiO2 product mix/other  3     3         Changes in currency exchange rates  2     -                           Total  (5)%   (10)% CONTACT: SOURCE: NL Industries, Inc. CONTACT: Janet G. Keckeisen, Vice President - Corporate Strategy and Investor Relations, 972.233.1700

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  • NL INDUSTRIES ANNOUNCES QUARTERLY DIVIDEND FOR THE FOURTH QUARTER OF 2020 AT $.04 PER SHARE

    Dallas, Texas, Oct. 29, 2020 (GLOBE NEWSWIRE) -- NL Industries, Inc. (NYSE:NL) today announced that its Board of Directors voted to declare a quarterly dividend of four cents ($0.04) per share on its common stock payable on December 15, 2020 to shareholders of record at the close of business on December 1, 2020. NL Industries, Inc. is engaged in the component products (security products and recreational marine components) and titanium dioxide products businesses.* * * * * CONTACT: SOURCE: NL Industries, Inc. CONTACT: Janet G. Keckeisen, Vice President - Corporate Strategy and Investor Relations, 972.233.1700

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  • SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of an Investigation Concerning Possible Breaches of Fiduciary Duty by Certain Officers and Directors of NL Industries, Inc.- NL

    New York, New York--(Newsfile Corp. - August 26, 2020) - Levi & Korsinsky announces it has commenced an investigation of NL Industries, Inc. (NYSE: NL) concerning possible breaches of fiduciary duty. To obtain additional information, go to:https://www.zlk.com/compensation2/nl-industries-inc-information-request-formor contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500. There is no cost or obligation to you.Levi & Korsinsky is a nationally recognized firm with offices in New York, Connecticut, ...

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  • NL Industries, Inc. (NYSE:NL) Is About To Go Ex-Dividend, And It Pays A 4.6% Yield

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  • NL INDUSTRIES ANNOUNCES QUARTERLY DIVIDEND FOR THE THIRD QUARTER OF 2020 AT $.04 PER SHARE

    Dallas, Texas, Aug. 05, 2020 (GLOBE NEWSWIRE) -- NL Industries, Inc. (NYSE:NL) today announced that its Board of Directors voted to declare a quarterly dividend of four cents ($0.04) per share on its common stock payable on September 15, 2020 to shareholders of record at the close of business on September 1, 2020. NL Industries, Inc. is engaged in the component products (security products and recreational marine components) and titanium dioxide products businesses.* * * * * CONTACT: SOURCE: NL Industries, Inc. CONTACT: Janet G. Keckeisen, Vice President - Corporate Strategy and Investor Relations, 972.233.1700

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  • NL REPORTS SECOND QUARTER 2020 RESULTS

    Dallas, Texas, Aug. 05, 2020 (GLOBE NEWSWIRE) -- NL Industries, Inc. (NYSE: NL) today reported net income attributable to NL stockholders of $4.6 million, or $.09 per share, in the second quarter of 2020 compared to net income attributable to NL stockholders of $5.9 million, or $.12 per share, in the second quarter of 2019.  For the first six months of 2020, NL reported net income attributable to NL stockholders of $6.5 million, or $.13 per share, compared to net income of $21.1 million, or $.43 per share for the first six months of 2019.  NL results include an unrealized loss of $14.3 million in the first six months of 2020 related to the change in value of marketable equity securities compared to a $14.9 million unrealized gain in the first six months of 2019.  NL also recognized a pre-tax litigation settlement expense of $19.6 million ($.32 per share, net of income tax benefit) in the second quarter of 2019.CompX net sales were $23.8 million for the second quarter of 2020 compared to $33.7 million in the second quarter of 2019 and $56.1 million for the six months ended June 30, 2020 compared to $64.9 million for the same prior year period.  Income from operations attributable to CompX was $2.4 million for the second quarter of 2020 compared to $5.6 million for the second quarter of 2019 and $7.4 million for the first six months of 2020 compared to $9.9 million for the same prior year period.  The COVID-19 pandemic impacted CompX’s operations during the second quarter of 2020 due to government mandated closures and reduced demand for its products which resulted in a decrease in net sales and operating income in the second quarter and for the first six months of 2020 compared to the same periods in 2019. NL recognized equity in earnings of Kronos of $5.7 million in the second quarter of 2020 compared to $9.0 million in the same period of 2019 and $13.9 million in the first six months of 2020 compared to $18.2 million in the same period of 2019.  Kronos’ net sales of $386.0 million in the second quarter of 2020 were $98.5 million, or 20%, lower than in the second quarter of 2019.  Kronos’ net sales of $807.0 million in the first six months of 2020 were $114.0 million, or 12%, lower than in the first six months of 2019.  Kronos’ net sales decreased in the 2020 periods primarily due to lower sales volumes and lower average TiO2 selling prices.  Kronos’ TiO2 sales volumes were 22% lower in the second quarter of 2020 as compared to the second quarter of 2019 and 14% lower in the first six months of 2020 as compared to the same prior year period due to lower sales volumes in all major markets primarily due to demand contraction related to the COVID-19 pandemic. Kronos’ average TiO2 selling prices were 1% lower in the second quarter and first six months of 2020 as compared to the same periods in 2019.  Kronos’ average TiO2 selling prices at the end of the second quarter of 2020 were comparable to the end of the first quarter of 2020.  Fluctuations in currency exchange rates (primarily the euro) also affected net sales comparisons, decreasing net sales by approximately $4 million in the second quarter of 2020 and approximately $11 million in the first six months of 2020 as compared to the same periods in 2019.  Kronos’ income from operations in the second quarter of 2020 was $33.0 million as compared to $46.5 million in the second quarter of 2019. For the year-to-date period, Kronos’ income from operations was $76.5 million as compared to $95.5 million in the first six months of 2019.   Kronos’ income from operations decreased in the 2020 periods primarily due to the unfavorable effects of lower sales volumes, lower average TiO2 selling prices and higher raw materials and other production costs.  Kronos’ TiO2 production volumes were 2% lower in the second quarter and year-to-date periods of 2020 as compared to the same periods in 2019.  Kronos operated its production facilities at overall average capacity utilization rates of 95% in the first six months of 2020 (95% and 96% in the first and second quarters of 2020, respectively) compared to 97% in 2019 (97% in the first and second quarters of 2019).  Fluctuations in currency exchange rates also affected the year-to-date income from operations comparison, which increased income from operations by approximately $11 million in the year-to-date 2020 period as compared to the same period of 2019.  Fluctuations in currency exchange rates had a nominal effect on the second quarter income from operations comparison.Corporate expenses decreased $1.1 million in the second quarter of 2020 compared to the second quarter of 2019 primarily due to lower litigation fees and related costs.  Corporate expenses decreased $.7 million in the first six months of 2020 compared to the same period of 2019 primarily due to lower litigation fees and related costs partially offset by higher environmental remediation and related costs.  We recognized an additional $19.6 million pre-tax litigation settlement expense in the second quarter of 2019 for a settlement agreement that was approved by the court in July 2019.  Insurance recoveries represent amounts we receive from certain of our former insurance carriers and generally relate to the recovery of past lead pigment and asbestos litigation defense costs we have incurred.  Substantially all of the insurance recoveries we recognized in the second quarter of 2019 relate to a settlement we reached with a single insurance carrier that agreed to reimburse us for a portion of our past and future litigation defense costs.  Such insurance recoveries aggregated $5.0 million ($3.9 million, or $.08 per share, net of income tax expense) in the first six months of 2019.  Interest and dividend income decreased $1.6 million in the second quarter and $2.0 million in the first six months of 2020 compared to the prior year periods primarily due to lower average outstanding balances under CompX’s revolving promissory note receivable from Valhi and lower average interest rates partially offset by higher cash and cash equivalents and restricted cash and cash equivalents balances available for investment.  Marketable equity securities represent unrealized gains (losses) on our portfolio of marketable equity securities during the periods.Our results of operations for the second quarter of 2020 were significantly impacted by the COVID-19 pandemic, specifically through reduced demand for many of CompX and Kronos’ products resulting from the rapid contraction of vast areas of the global economy. The extent of the COVID-19 impact on our future operations will depend on the time period and degree to which the COVID-19 pandemic persists in the global economy thereby reducing customer demand for certain of CompX and Kronos’ products, including the timing and extent to which CompX and Kronos’ customers’ operations continue to be impacted, their customers’ perception as to when consumer demand for their products will return to pre-pandemic levels and on any future disruptions in their  operations or their suppliers’ operations, all of which are difficult to predict.The statements in this release relating to matters that are not historical facts are forward-looking statements that represent management's beliefs and assumptions based on currently available information.  Although we believe that the expectations reflected in such forward-looking statements are reasonable, we cannot give any assurances that these expectations will prove to be correct.  Such statements by their nature involve substantial risks and uncertainties that could significantly impact expected results, and actual future results could differ materially from those described in such forward-looking statements.  While it is not possible to identify all factors, we continue to face many risks and uncertainties.  Factors that could cause actual future results to differ materially include, but are not limited to: * Future supply and demand for our products * The extent of the dependence of certain of our businesses on certain market sectors * The cyclicality of our businesses (such as Kronos’ TiO2 operations) * Customer and producer inventory levels * Unexpected or earlier-than-expected industry capacity expansion (such as the TiO2 industry) * Changes in raw material and other operating costs (such as energy, ore, zinc, aluminum, steel and brass costs) and our ability to pass those costs on to our customers or offset them with reductions in other operating costs * Changes in the availability of raw material (such as ore) * General global economic and political conditions that harm the worldwide economy, disrupt our supply chain, increase material costs or reduce demand or perceived demand for Kronos’ TiO2 and our products or impair our ability to operate our facilities (including changes in the level of gross domestic product in various regions of the world, natural disasters, terrorist acts, global conflicts and public health crises such as COVID-19) * Competitive products and substitute products * Price and product competition from low-cost manufacturing sources (such as China) * Customer and competitor strategies * Potential consolidation of Kronos’ competitors * Potential consolidation of Kronos’ customers * The impact of pricing and production decisions * Competitive technology positions * Our ability to protect or defend intellectual property rights * Potential difficulties in integrating future acquisitions * Potential difficulties in upgrading or implementing accounting and manufacturing software systems * The introduction of trade barriers or trade disputes * The impact of current or future government regulations (including employee healthcare benefit related regulations) * Fluctuations in currency exchange rates (such as changes in the exchange rate between the U.S. dollar and each of the euro, the Norwegian krone and the Canadian dollar), or possible disruptions to our business resulting from uncertainties associated with the euro or other currencies * Operating interruptions (including, but not limited to, labor disputes, leaks, natural disasters, fires, explosions, unscheduled or unplanned downtime, transportation interruptions, cyber-attacks and public health crises such as COVID-19) * Decisions to sell operating assets other than in the ordinary course of business * Kronos’ ability to renew or refinance credit facilities * Our ability to maintain sufficient liquidity * The timing and amounts of insurance recoveries * The ability of our subsidiaries or affiliates to pay us dividends * Uncertainties associated with CompX’s development of new products and product features * The ultimate outcome of income tax audits, tax settlement initiatives or other tax matters, including future tax reform * Our ability to utilize income tax attributes or changes in income tax rates related to such attributes, the benefits of which may or may not have been recognized under the more-likely-than-not recognition criteria * Environmental matters (such as those requiring compliance with emission and discharge standards for existing and new facilities or new developments regarding environmental remediation at sites related to our former operations) * Government laws and regulations and possible changes therein (such as changes in government regulations which might impose various obligations on former manufacturers of lead pigment and lead-based paint, including us, with respect to asserted health concerns associated with the use of such products), including new environmental health and safety regulations such as those seeking to limit or classify TiO2 or its use * The ultimate resolution of pending litigation (such as our lead pigment and environmental matters) * Possible future litigation.  Should one or more of these risks materialize (or the consequences of such a development worsen), or should the underlying assumptions prove incorrect, actual results could differ materially from those currently forecasted or expected.  We disclaim any intention or obligation to update or revise any forward-looking statement whether as a result of changes in information, future events or otherwise.  NL Industries, Inc. is engaged in the component products (security products and recreational marine components), chemicals (TiO2) and other businesses. NL INDUSTRIES, INC. CONDENSED CONSOLIDATED STATEMENTS OF INCOME (In millions, except earnings per share) (unaudited) Three months ended  Six months ended   June 30,  June 30,   2019  2020  2019  2020              Net sales$33.7  $23.8  $64.9  $56.1  Cost of sales 22.7   16.4   44.3   38.3                     Gross margin 11.0   7.4   20.6   17.8                   Selling, general and administrative expense 5.4   5.0   10.7   10.4  Other operating income (expense):                  Insurance recoveries 4.7   .1   5.0   .1    Litigation settlement expense, net (19.6)  -   (19.6)  -    Corporate expense (3.6)  (2.5)  (5.7)  (5.0)                    Income (loss) from operations (12.9)  -   (10.4)  2.5                   Equity in earnings of Kronos Worldwide, Inc. 9.0   5.7   18.2   13.9                   General corporate items:                  Interest and dividend income 2.1   .5   3.6   1.6    Marketable equity securities 9.4   (2.2)  14.9   (14.3)   Other components of net periodic pension   and OPEB cost (.4)  (.2)  (.8)  (.4)   Interest expense -   (.4)  -   (.7)                    Income before income taxes 7.2   3.4   25.5   2.6                   Income tax expense (benefit) .6   (1.5)  3.2   (4.8)                    Net income 6.6   4.9   22.3   7.4                   Noncontrolling interest in net income of subsidiary .7   .3   1.2   .9                   Net income attributable to NL stockholders$5.9  $4.6  $21.1  $6.5                   Net income per share attributable to   NL stockholders$.12  $.09  $.43  $.13                   Weighted average shares used in the                  calculation of net income per share 48.7   48.8   48.7   48.8  NL INDUSTRIES, INC. COMPONENTS OF INCOME FROM OPERATIONS (In millions)  (unaudited) Three months ended  Six months ended   June 30,  June 30,   2019  2020  2019  2020                   CompX - component products$5.6  $2.4  $9.9  $7.4  Insurance recoveries 4.7   .1   5.0   .1  Litigation settlement expense, net (19.6)  -   (19.6)  -  Corporate expense (3.6)  (2.5)  (5.7)  (5.0)                    Income (loss) from operations$(12.9) $-  $(10.4) $2.5  CHANGE IN KRONOS’ TiO2 SALES (unaudited) Three months ended Six months ended  June 30, June 30,  2020 vs. 2019 2020 vs. 2019              Percentage change in net sales:              TiO2 sales volume  (22)%   (14)%   TiO2 product pricing  (1)    (1)    TiO2 product mix/other  4     4     Changes in currency exchange rates  (1)    (1)                 Total  (20)%   (12)% CONTACT: SOURCE: NL Industries, Inc. CONTACT: Janet G. Keckeisen, Vice President - Corporate Strategy and Investor Relations, 972.233.1700

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