NL Industries, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 02, 2023 at 04:20 pm
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NL Industries, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 36.62 million compared to USD 41.68 million a year ago. Net loss was USD 3.11 million compared to net income of USD 30.25 million a year ago. Basic loss per share from continuing operations was USD 0.06 compared to basic earnings per share from continuing operations of USD 0.62 a year ago.
For the six months, sales was USD 77.77 million compared to USD 83.73 million a year ago. Net loss was USD 9.82 million compared to net income of USD 48.81 million a year ago. Basic loss per share from continuing operations was USD 0.2 compared to basic earnings per share from continuing operations of USD 1 a year ago.
NL Industries, Inc. is a holding company. The Company operate in the component products industry through its subsidiary, CompX International Inc. (CompX). CompX manufactures engineered components that are sold to a variety of industries. Through its Security Products operations, CompX manufactures mechanical and electronic cabinet locks and other locking mechanisms used in postal, recreational transportation, office and institutional furniture, cabinetry, tool storage and healthcare applications. CompX also manufactures wake enhancement systems, stainless steel exhaust systems, gauges, throttle controls, trim tabs and related hardware and accessories for the recreational marine and other industries through its Marine Components operations. It also operates in the chemicals industry through its noncontrolling interest in Kronos Worldwide, Inc. (Kronos). Kronos is a global producer and marketer of value-added titanium dioxide pigments (TiO2), a base industrial product.
NL INDUSTRIES, INC. 
