earnings
confidence high
sentiment positive
materiality 0.75
NL Industries Q1 net income rises to $18.6M ($0.38/sh); Kronos earnings surge to $17.5M
NL INDUSTRIES INC
2022-Q1 EPS reported
$0.38
revenue$42,050,000
- Net income attributable to NL stockholders $18.6M ($0.38 per share) vs $13.3M ($0.27) in Q1 2021.
- CompX net sales up 17% to $42.1M; income from operations increased to $6.3M from $5.8M.
- Equity in earnings of Kronos $17.5M vs $6.0M; driven by 24% higher TiO2 prices and 2% volume growth.
- Kronos income from operations $83.3M vs $34.0M; production at full practical capacity versus 97% last year.
- Unrealized gain on marketable securities decreased to $0.7M from $6.4M in the prior year period.