NL Q3 net loss narrows to $0.1M from $8.9M; YTD net loss $9.9M vs income $39.9M

NL INDUSTRIES INC

2023-Q3 EPS reported $0.00 revenue$118,122,000

Net loss attributable to NL $0.1M ($0.00 per share) in Q3 2023 versus net loss $8.9M ($0.18) in Q3 2022; improvement mainly due to unrealized gains on marketable securities.
Year-to-date net loss $9.9M ($0.20 per share) compared to net income $39.9M ($0.82) in prior year; operating results at Kronos weakened significantly.
Net sales $40.3M in Q3 2023, down 6% YoY, driven by lower Marine Components sales to towboat market, partially offset by higher Security Products.
Kronos: equity in losses $6.2M in Q3 vs earnings $6.4M; Kronos loss from ops $25.3M vs income $30.8M; production curtailments at 71% capacity utilization.
Non-cash loss of $4.9M pre-tax from termination of U.K. pension plan recognized in first nine months of 2023.

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 0.95

NL INDUSTRIES INC reported third quarter of 2023 results: net income $.1 million, or nil per share, EPS nil per share.

Period: third quarter of 2023
Net income: $.1 million, or nil per share
EPS: nil per share
Result: reported results

Exact text from the filing

NL Industries, Inc. (NYSE: NL) today reported a net loss attributable to NL stockholders of $.1 million, or nil per share, in the third quarter of 2023

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

NL INDUSTRIES INC reported first nine months of 2023 results: net income net loss attributable to NL stockholders of $9.9 million, or $.20 per share, EPS $.20 per share.

Period: first nine months of 2023
Net income: net loss attributable to NL stockholders of $9.9 million, or $.20 per share
EPS: $.20 per share
Result: reported results

Exact text from the filing

For the first nine months of 2023, NL reported a net loss attributable to NL stockholders of $9.9 million, or $.20 per share

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Source: SEC EDGAR

accession 0000072162-23-000036

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