earnings
confidence high
sentiment positive
materiality 0.70
NL Industries reports Q3 net income of $36M ($0.74 EPS) vs year-ago loss of $0.1M
NL INDUSTRIES INC
2024-Q3 EPS reported
$1.04
revenue$107,525,000
- Net income attributable to NL stockholders $36.0M ($0.74/share) vs net loss $0.1M (nil per share) in Q3 2023.
- Results include $18.6M unrealized gain on marketable equity securities; equity in earnings of Kronos was $21.9M (vs loss $6.2M).
- CompX net sales fell to $33.6M from $40.3M; operating income dropped to $3.3M from $6.6M due to lower Security Products sales.
- Kronos net sales up 22% to $484.7M; income from operations of $38.9M vs loss of $25.3M; includes $64.5M non-cash gain from LPC acquisition.
- Nine-month net income $50.7M ($1.04/share) vs loss $9.9M ($0.20 loss/share) in prior year.