NL Industries Q2 net income $0.62/share vs $0.26; sales up; Kronos earnings double

NL INDUSTRIES INC

2022-Q1 EPS reported $1.00 revenue$83,725,000

Net income attributable to NL stockholders: $30.2M ($0.62/share) in Q2 2022 vs $12.7M ($0.26/share) in Q2 2021.
Net sales rose to $41.6M from $36.3M, driven by higher Marine Components and Security Products sales.
Equity in earnings of Kronos (TiO2) increased to $14.0M from $7.8M; Kronos sales up 18% on 26% higher average TiO2 prices.
Kronos income from operations grew to $65.2M from $43.8M; production at 95% capacity utilization in Q2 2022.
Board declares quarterly dividend of $0.07/share, payable Sept 20, 2022 to holders of record Sept 1, 2022.

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