earnings
confidence high
sentiment negative
materiality 0.80
NL Industries Q1 2023 net loss $6.7M vs net income $18.6M YoY
NL INDUSTRIES INC
2023-Q1 EPS reported
$0.82
revenue$41,151,000
- Net loss of $6.7M ($0.14 per share) compared to net income of $18.6M ($0.38 per share) in Q1 2022.
- Unrealized loss of $5.5M on marketable equity securities vs unrealized gain of $0.7M year-over-year.
- CompX net sales down 2% to $41.2M; operating income rose to $7.0M from $6.3M.
- Kronos (equity investee) net sales fell 24% to $426.3M; loss from operations $18.3M vs income $83.3M.
- Kronos TiO2 sales volumes down 29% YoY; production curtailments led to 76% capacity utilization.