NL Industries, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 03, 2022 at 01:53 am IST
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NL Industries, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 42.86 million compared to USD 34.56 million a year ago. Net loss was USD 8.9 million compared to net income of USD 10.31 million a year ago. Basic loss per share from continuing operations was USD 0.18 compared to basic earnings per share from continuing operations of USD 0.21 a year ago.
For the nine months, sales was USD 126.59 million compared to USD 106.73 million a year ago. Net income was USD 39.91 million compared to USD 36.27 million a year ago. Basic earnings per share from continuing operations was USD 0.82 compared to USD 0.74 a year ago.
NL Industries, Inc. is a holding company. The Company operate in the component products industry through its subsidiary, CompX International Inc. (CompX). CompX manufactures engineered components that are sold to a variety of industries. Through its Security Products operations, CompX manufactures mechanical and electronic cabinet locks and other locking mechanisms used in postal, recreational transportation, office and institutional furniture, cabinetry, tool storage and healthcare applications. CompX also manufactures wake enhancement systems, stainless steel exhaust systems, gauges, throttle controls, trim tabs and related hardware and accessories for the recreational marine and other industries through its Marine Components operations. It also operates in the chemicals industry through its noncontrolling interest in Kronos Worldwide, Inc. (Kronos). Kronos is a global producer and marketer of value-added titanium dioxide pigments (TiO2), a base industrial product.
NL INDUSTRIES, INC. 
