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NL Industries (NL)

NL Industries, Inc. is a diversified holding company. NL conducts its component products operations through its majority-owned subsidiary, CompX International, Inc., and owns a significant interest in Kronos Worldwide, Inc., a global producer and marketer of value-added titanium dioxide pigments.

Company profile

Ticker
NL
Exchange
Website
CEO
Robert Dennis Graham
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
CompX International Inc. • Kronos Worldwide, Inc. • EWI RE, Inc. • NL Environmental Management Services, Inc. • United Lead Company • NLKW Holding, LLC ...
IRS number
135267260

NL stock data

Calendar

4 May 22
29 Jun 22
31 Dec 22
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 145.06M 145.06M 145.06M 145.06M 145.06M 145.06M
Cash burn (monthly) 648K (no burn) (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 1.92M n/a n/a n/a n/a n/a
Cash remaining 143.14M n/a n/a n/a n/a n/a
Runway (months of cash) 220.9 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Jun 22 Contran Common Stock $0.125 par value per share Sell Dispose S Yes No 8.23 2,000 16.46K 0
19 May 22 Feehan Loretta J. Common Stock $0.125 par value per share Grant Acquire A No No 0 2,500 0 26,150
19 May 22 Gouveia Randall Colin Common Stock, $0.125 par value per share Grant Acquire A No No 0 2,500 0 2,500
9.9% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 59 56 +5.4%
Opened positions 7 5 +40.0%
Closed positions 4 4
Increased positions 11 20 -45.0%
Reduced positions 22 11 +100.0%
13F shares Current Prev Q Change
Total value 45.41M 69.83M -35.0%
Total shares 4.84M 4.87M -0.7%
Total puts 412.8K 48.8K +745.9%
Total calls 21.1K 39K -45.9%
Total put/call ratio 19.6 1.3 +1463.5%
Largest owners Shares Value Change
Dimensional Fund Advisors 2.04M $14.66M -0.1%
BLK Blackrock 539.43K $3.88M -3.2%
Aristides Capital 403.03K $2.9M 0.0%
Vanguard 297.2K $2.14M -0.3%
Raymond James & Associates 273.17K $1.96M +1.0%
Bridgeway Capital Management 167.39K $1.2M +19.8%
Renaissance Technologies 161.41K $1.16M -4.0%
BK Bank Of New York Mellon 148.75K $1.07M +0.6%
STT State Street 141.97K $1.02M -2.2%
NTRS Northern Trust 133.39K $959K -4.9%
Largest transactions Shares Bought/sold Change
WFC Wells Fargo & Co. 7.71K -28.99K -79.0%
Bridgeway Capital Management 167.39K +27.7K +19.8%
Allspring Global Investments 12.39K -27.47K -68.9%
Susquehanna International 22.89K +22.89K NEW
Redhawk Wealth Advisors 0 -18.73K EXIT
BLK Blackrock 539.43K -17.6K -3.2%
Koss-Olinger Consulting 15.09K +15.09K NEW
Group One Trading 12.65K +12.65K NEW
Citadel Advisors 10.78K +10.78K NEW
Millennium Management 10.66K +10.66K NEW

Financial report summary

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Competition
Venator Materials
Risks
  • Demand for, and prices of, certain of Kronos’ products are influenced by changing market conditions for its products, which may result in reduced earnings or in operating losses.
  • CompX operates in mature and highly competitive markets, resulting in pricing pressure and the need to continuously reduce costs.
  • CompX’s development of innovative features for current products is critical to sustaining and growing its sales.
  • Higher costs or unavailability of CompX’s raw materials could negatively impact our financial results.
  • Higher costs or limited availability of Kronos’ raw materials may reduce its earnings and decrease its liquidity. In addition, many of Kronos’ raw material contracts contain fixed quantities it is required to purchase.
  • COVID-19 has affected Kronos’ and CompX’s operations and may continue to affect operations.
  • Our assets consist primarily of investments in our operating subsidiaries and affiliate, and we are dependent upon distributions from our subsidiaries and affiliate.
  • Kronos’ leverage may impair our financial condition.
  • We could incur significant costs related to legal and environmental matters.
  • If Kronos’ or CompX’s intellectual property were to be declared invalid, or copied by or become known to competitors, or if Kronos’ and CompX’s competitors were to develop similar or superior intellectual property or technology, their ability to compete could be adversely impacted.
  • Environmental, health and safety laws and regulations, particularly as it relates to Kronos, may result in increased regulatory scrutiny which could decrease demand for Kronos’ products, increase Kronos’ manufacturing and compliance costs or obligations and result in unanticipated losses which could negatively impact its financial results or limit its ability to operate its business.
  • Global climate change legislation could negatively impact our financial results or limit Kronos’ and CompX’s ability to operate their businesses.
  • Technology failures or cybersecurity breaches could have a material adverse effect on our operations.
Management Discussion
  • Our net income attributable to NL stockholders was $18.6 million, or $.38 per share, in the first quarter of 2022 compared to net income attributable to NL stockholders of $13.3 million, or $.27 per share, in the first quarter of 2021.  As more fully described below, the increase in our earnings per share attributable to NL stockholders from 2021 to 2022 is primarily due to the net effects of:
  • Amounts attributable to CompX relate to its component products business, while corporate expense generally relates to NL. Each of these items is further discussed below.
  • CompX International Inc.

Content analysis

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Positive
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Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Avg
New words: absorption, affirming, delivery, fewer, match, network, practical, pressure, recruiting, stronger, support
Removed: adjusted, Aid, began, closed, continued, decline, deduction, disallowed, greatest, half, historically, improving, invested, low, mitigating, pandemic, reduced, Relief, reversal, slower, steadily, sustained, taxable, team, temporarily, temporary, utilization, weakening