NL Industries(NL) - 2024 Q2 - Quarterly Results

Financial Performance - NL Industries reported net income attributable to stockholders of $7.9 million, or$0.16 per share, in Q2 2024, compared to a net loss of $3.1 million, or$0.06 per share, in Q2 2023[1]. - For the first six months of 2024, NL Industries reported net income of $14.7 million, or$0.30 per share, compared to a net loss of $9.8 million, or$0.20 per share, in the same period of 2023[1]. - CompX reported net sales of $35.9 million in Q2 2024, a slight decrease from$36.6 million in Q2 2023[2]. - Net sales for the three months ended June 30, 2024, were $35.9 million, a decrease of 4.0$36.6 million for the same period in 2023[10]. - The company reported a loss of $2.6 million for the three months ended June 30, 2024, compared to a profit of$8.5 million in the same period of 2023[10]. Sales and Operations - Kronos' net sales reached $500.5 million in Q2 2024, a 13$443.2 million in Q2 2023[3]. - Kronos' TiO2 sales volumes were 29% higher in Q2 2024 compared to Q2 2023, and 28% higher in the first six months of 2024 compared to the same period in 2023[3]. - Kronos' income from operations in Q2 2024 was $35.9 million, compared to a loss of$6.7 million in Q2 2023[4]. - Kronos' production volumes increased by 54% in Q2 2024 compared to Q2 2023, with capacity utilization reaching 99% in Q2 2024[4]. - Total net sales increased by 13% for both the three and six months ended June 30, 2024, compared to the same periods in 2023[12]. - TiO2 sales volume increased by 29% for the three months ended June 30, 2024, compared to the same period in 2023[12]. Expenses and Costs - Corporate expenses increased by $1.3 million in Q2 2024 primarily due to higher environmental remediation costs[5]. - Selling, general, and administrative expenses for the six months ended June 30, 2024, were$12.0 million, up from $11.6 million in the same period of 2023[10]. - Gross margin for the six months ended June 30, 2024, was 20.8$3.1 million, compared to a profit of $7.9 million in the same period of 2023[10]. - Equity in earnings (losses) of Kronos Worldwide, Inc. was a loss of$2.6 million for the three months ended June 30, 2024, compared to earnings of $6.0 million in the same period of 2023[10]. - Interest and dividend income for the three months ended June 30, 2024, was$2.1 million, down from $2.6 million in the same period of 2023[10].