NL Industries swings to Q2 profit of $0.16/share; declares $0.43 special dividend

NL INDUSTRIES INC

Net income $7.9M ($0.16/sh) in Q2 2024 vs net loss $3.1M ($0.06/sh) in Q2 2023; includes $.8M unrealized gain on securities.
Kronos equity earnings $6.0M vs loss $2.6M; Kronos sales +13% to $500.5M on 29% higher TiO2 volumes partially offset by 8% lower prices.
CompX net sales $35.9M (-2% YoY); Security Products growth offset by Marine Components weakness.
Board declares special cash dividend of $0.43/sh, payable Aug 29 to holders of record Aug 19, funded from excess cash; also Q3 quarterly dividend of $0.08/sh.

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