NL reports Q3 net loss of $8.9M ($0.18/sh) vs net income $10.3M a year ago; sales up 24%

NL INDUSTRIES INC

2022-Q3 EPS reported $0.82 revenue$126,589,000

Net loss driven by $24.2M unrealized loss on marketable equity securities (vs $1.2M loss in Q3 2021).
Revenue improved to $42.9M (+24% YoY) on higher Marine Components sales to towboat market.
CompX operating income rose to $6.0M from $5.1M, but production cost increases partially offset gains.
Equity in earnings of Kronos fell to $6.4M from $10.9M; Kronos TiO2 sales volumes down 20% YoY.
Nine-month net income $39.9M ($0.82/sh) vs $36.3M ($0.74/sh); sales $126.6M vs $106.7M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

NL INDUSTRIES INC reported first nine months of 2022 results: revenue $126.6 million, net income net income attributable to NL stockholders of $39.9 million, EPS $.82 per share.

Period: first nine months of 2022
Revenue: $126.6 million
Net income: net income attributable to NL stockholders of $39.9 million
EPS: $.82 per share
Result: reported results

Exact text from the filing

million unrealized gain in the first nine months of 2021. Net sales were $42.9 million for the third quarter of 2022 compared to $34.5 million in the third quarter of 2021 and $126.6 million for the nine months ended September 30, 2022, compared to $106.7 million for the same prior year period. The increase in sales for both periods is due to higher Marine Components

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

NL INDUSTRIES INC reported third quarter of 2022 results: revenue $42.9 million, net income net loss attributable to NL stockholders of $8.9 million, EPS $.18 per share.

Period: third quarter of 2022
Revenue: $42.9 million
Net income: net loss attributable to NL stockholders of $8.9 million
EPS: $.18 per share
Result: reported results

Exact text from the filing

nine months of 2022 related to the change in value of marketable equity securities compared to a $9.7 million unrealized gain in the first nine months of 2021. Net sales were $42.9 million for the third quarter of 2022 compared to $34.5 million in the third quarter of 2021 and $126.6 million for the nine months ended September 30, 2022, compared to $106.7 million

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Source: SEC EDGAR

accession 0000072162-22-000009

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