NL Industries, Inc. is a holding company, which involves in components products and chemical industries. It operates through its subsidiaries: CompX International, Inc. and Kronos Worldwide, Inc. The CompX International, Inc. manufactures precision ball bearing slides, security products, and ergonomic computer support systems used in office furniture, computer-related equipment, tool storage cabinets, and refrigerators. The Kronos Worldwide, Inc. produces and markets value-added titanium dioxide pigments. The company was founded in 1891 and is headquartered in Dallas, TX.
We could incur significant costs related to legal and environmental matters.
Our assets consist primarily of investments in our operating subsidiaries and affiliates, and we are dependent upon distributions from our subsidiaries and affiliates.
We operate in mature and highly competitive markets, resulting in pricing pressure and the need to continuously reduce costs.
Our development of innovative features for current products is critical to sustaining and growing our sales.
Failure to protect our intellectual property rights or claims by others that we infringe their intellectual property rights could substantially harm our business.
Higher costs of our commodity-related raw materials may decrease our liquidity.
Higher costs or limited availability of our raw materials may reduce our earnings and decrease our liquidity. In addition, many of our raw material contracts contain fixed quantities we are required to purchase.
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.
Kronos’ leverage may impair our financial condition.
Global climate change legislation could negatively impact our financial results or limit our ability to operate our businesses.
Technology failures or cyber security breaches could have a material adverse effect on our operations.
We are primarily a holding company. We operate in the component products industry through our majority-owned subsidiary, CompX International Inc. We also own a non-controlling interest in Kronos Worldwide, Inc. Both CompX (NYSE American: CIX ) and Kronos (NYSE: KRO) file periodic reports with the Securities and Exchange Commission (SEC).
CompX is a leading manufacturer of engineered components utilized in a variety of applications and industries. Through its Security Products operations, CompX manufactures mechanical and electronic cabinet locks and other locking mechanisms used in recreational transportation, postal, office and institutional furniture, cabinetry, tool storage and healthcare applications. CompX also manufactures stainless steel exhaust systems, gauges, throttle controls, wake enhancement systems and trim tabs for the recreational marine and other industries through our Marine Components operations.
We account for our 30% non-controlling interest in Kronos by the equity method. Kronos is a leading global producer and marketer of value-added titanium dioxide pigments (TiO2). TiO2 is used for a variety of manufacturing applications including paints, plastics, paper and other industrial and specialty products.