NL Industries reports Q4 2022 net loss of $6.1M, down from net income of $14.9M in Q4 2021

NL INDUSTRIES INC

Net loss $6.1M ($0.13 loss per share) vs net income $14.9M ($0.31 per share) in Q4 2021.
Full year 2022 net income $33.8M ($0.69/share) vs $51.2M ($1.05/share) in 2021.
Net sales $40M in Q4 (+17% YoY) and $166.6M full year (+18%) driven by Marine Components.
Equity in losses of Kronos $6.0M in Q4 vs earnings $9.6M; Kronos TiO2 volumes fell 40% in Q4.
Unrealized loss of $3.8M on marketable equity securities in Q4 vs $6.5M gain a year earlier.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

NL INDUSTRIES INC reported full year of 2022 results: revenue $166.6 million, net income net income attributable to NL stockholders of $33.8 million, EPS $.69 per share.

Period: full year of 2022
Revenue: $166.6 million
Net income: net income attributable to NL stockholders of $33.8 million
EPS: $.69 per share
Result: reported results

Exact text from the filing

compared to a $16.2 million unrealized gain in 2021. Net sales were $40.0 million for the fourth quarter of 2022 compared to $34.1 million in the fourth quarter of 2021 and $166.6 million for the year ended December 31, 2022, compared to $140.8 million for the full year of 2021. The increase in sales for both periods is due to higher Marine Components sales,

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

NL INDUSTRIES INC reported the fourth quarter of 2022 results: revenue $40.0 million, net income net loss attributable to NL stockholders of $6.1 million, EPS $.13 per share.

Period: the fourth quarter of 2022
Revenue: $40.0 million
Net income: net loss attributable to NL stockholders of $6.1 million
EPS: $.13 per share
Result: reported results

Exact text from the filing

Net sales were $40.0 million for the fourth quarter of 2022 compared to $34.1 million in the fourth quarter of 2021

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Source: SEC EDGAR

accession 0000072162-23-000011

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