NL INDUSTRIES INC
Business
NL Industries is a holding company operating in component products through a majority-owned subsidiary CompX International, which manufactures engineered cabinet locks, marine components and related products for postal, transportation, furniture and industrial applications across North America. The company also holds a significant minority equity stake in Kronos Worldwide, a global titanium dioxide pigment producer serving coatings, plastics, paper and specialty markets in Europe and North America. NL's investments are managed to optimize returns and capital deployment across its diversified industrial portfolio.
Summary from 10-K filed 2026-03-09
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Net sales | 158 | 146 | 161 | 167 | 141 | |
| Cost of sales | 110 | 105 | 112 | 118 | 98 | |
| Gross margin | 48 | 41 | 49 | 49 | 43 | |
| Selling, general and administrative expense | 26 | 24 | 24 | 23 | 22 | |
| Insurance recoveries | — | 1 | 464,000 | 93,000 | 71,000 | |
| Corporate income (expense), net | 12 | −19 | 12 | −12 | — | |
| Income from operations | 11 | 38 | 14 | 14 | 10 | |
| Equity in earnings (losses) of Kronos Worldwide, Inc. | −34 | 26 | −15 | 32 | 34 | |
| Interest and dividend income | 7 | 11 | 10 | 4 | 2 | |
| Marketable equity securities | −14 | 10 | −8 | −8 | 16 | |
| Settlement loss on pension plan termination and buy-out | −20 | — | −5 | — | — | |
| Other components of net periodic pension and OPEB cost | −1 | −1 | −1 | −1 | −665,000 | |
| Interest expense | −767,000 | −530,000 | −746,000 | −941,000 | — | |
| Income (loss) before income taxes | −51 | 83 | −6 | 39 | 61 | |
| Income tax expense (benefit) | −16 | 14 | −7 | 3 | 7 | |
| Net income (loss) | −35 | 69 | 582,000 | 36 | 53 | |
| Noncontrolling interest in net income of subsidiary | 2 | 2 | 3 | 3 | 2 | |
| Net income (loss) attributable to NL stockholders | −38 | 67 | −2 | 34 | 51 | |
| Basic net income (loss) per share | −0.77 | 1.38 | −0.05 | 0.69 | 1.05 | |
| Diluted net income (loss) per share | −0.77 | 1.38 | −0.05 | 0.69 | 1.05 | |
| Weighted average shares used in the calculation of net income (loss) per share - basic | 49 | 49 | 49 | 49 | 49 | |
| Weighted average shares used in the calculation of net income (loss) per share - diluted | 49 | 49 | 49 | 49 | 49 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 111 | 163 | 112 | 69 | 147 | |
| Restricted cash and cash equivalents | 3 | 21 | 3 | 3 | 3 | |
| Accounts and other receivables, net | 14 | 24 | 17 | 18 | 16 | |
| Inventories, net | 30 | 28 | 31 | 31 | 26 | |
| Prepaid expenses and other | 2 | 2 | 2 | 2 | 3 | |
| Total current assets | 160 | 238 | 218 | 194 | 194 | |
| Restricted cash and cash equivalents | 315,000 | 491,000 | 27 | 26 | 25 | |
| Note receivable from affiliate | 8 | 9 | 11 | 13 | — | |
| Marketable securities | 14 | 28 | 18 | 26 | 34 | |
| Investment in Kronos Worldwide, Inc. | 230 | 250 | 248 | 292 | 265 | |
| Goodwill | 27 | 27 | 27 | 27 | 27 | |
| Other assets, net | 616,000 | 1 | 2 | 3 | 3 | |
| Total other assets | 281 | 316 | 333 | 387 | 373 | |
| Land | 5 | 5 | 5 | 5 | 5 | |
| Buildings | 24 | 23 | 23 | 23 | 23 | |
| Equipment | 78 | 76 | 74 | 74 | 71 | |
| Construction in progress | 477,000 | 589,000 | 676,000 | 722,000 | 2 | |
| Property and equipment, gross | 108 | 105 | 104 | 103 | 101 | |
| Less accumulated depreciation | 84 | 81 | 78 | 75 | 72 | |
| Net property and equipment | 24 | 24 | 26 | 29 | 29 | |
| Total assets | 464 | 578 | 577 | 610 | 596 | |
| Accounts payable | 3 | 4 | 3 | 4 | 3 | |
| Accrued litigation settlement | — | 16 | 12 | 12 | 12 | |
| Accrued and other current liabilities | 15 | 12 | 13 | 13 | 12 | |
| Accrued environmental remediation and related costs | 2 | 58 | 2 | 3 | 3 | |
| Payables to affiliates | 791,000 | 706,000 | 634,000 | 665,000 | — | |
| Total current liabilities | 21 | 91 | 30 | 32 | 31 | |
| Long-term debt from affiliate | 500,000 | 500,000 | 500,000 | 500,000 | — | |
| Accrued environmental remediation and related costs | 11 | 11 | 89 | 90 | 90 | |
| Deferred income taxes | 54 | 53 | 42 | 50 | 44 | |
| Other | 1 | 6 | 5 | 4 | 3 | |
| Total noncurrent liabilities | 67 | 71 | 154 | 175 | 181 | |
| Preferred stock, no par value; 5,000 shares authorized; none issued | — | — | — | — | — | |
| Common stock; $.125 par value; 150,000 shares authorized; 48,848 and 48,863 shares issued and outstanding | 6 | 6 | 6 | 6 | 6 | |
| Additional paid-in capital | 299 | 299 | 299 | 299 | 300 | |
| Retained earnings | 249 | 315 | 284 | 300 | 297 | |
| Accumulated other comprehensive loss | −196 | −223 | −220 | −223 | −241 | |
| Total NL stockholders' equity | 359 | 397 | 370 | 382 | 362 | |
| Noncontrolling interest in subsidiary | 18 | 19 | 22 | 21 | 23 | |
| Total equity | 377 | 416 | 392 | 403 | 385 | |
| Total liabilities and equity | 464 | 578 | 577 | 610 | 596 | |
| Commitments and contingencies (Notes 14 and 17) | — | — | — | — | — |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 4 | 4 | 4 | 4 | 4 | |
| Deferred income taxes | −16 | 14 | −7 | 2 | 7 | |
| Dividends received from Kronos Worldwide, Inc. | 7 | 17 | 27 | 27 | 25 | |
| Benefit plan expense greater than cash funding | 31,000 | 397,000 | 461,000 | 130,000 | −220,000 | |
| Noncash interest income | — | −817,000 | −4 | −267,000 | — | |
| Noncash interest expense | 236,000 | 479,000 | 695,000 | 908,000 | 1 | |
| Other, net | 374,000 | 217,000 | 247,000 | −21,000 | −31,000 | |
| Accounts and other receivables, net | 10 | −7 | 754,000 | −2 | −4 | |
| Inventories, net | −2 | 2 | 333,000 | −6 | −7 | |
| Prepaid expenses and other | 188,000 | 82,000 | 42,000 | 353,000 | −991,000 | |
| Accounts payable and accrued liabilities | −16 | −13 | −13 | −10 | −9 | |
| Accounts with affiliates | 88,000 | 700,000 | 578,000 | −662,000 | 279,000 | |
| Accrued environmental remediation and related costs | −56 | −22 | −1 | −582,000 | −476,000 | |
| Other noncurrent assets and liabilities, net | 975,000 | −3 | −723,000 | −125,000 | −171,000 | |
| Net cash provided by (used in) operating activities | −36 | 26 | 37 | 27 | 18 | |
| Capital expenditures | −4 | −1 | −1 | −4 | −4 | |
| Purchases | — | — | −61 | −70 | — | |
| Proceeds from maturities | — | 54 | 82 | — | — | |
| Collections | 17 | 26 | 31 | 30 | 41 | |
| Loans | −16 | −25 | −28 | −24 | −30 | |
| Proceeds from land sale | — | 5 | — | — | — | |
| Other, net | 10,000 | — | — | 284,000 | 2,000 | |
| Net cash provided by (used in) investing activities | −2 | 59 | 22 | −68 | 7 | |
| Dividends paid | −28 | −37 | −14 | −31 | −12 | |
| Dividends paid to noncontrolling interests in subsidiary | −3 | −5 | −2 | −4 | −1 | |
| Net cash used in financing activities | −31 | −42 | −15 | −37 | −14 | |
| Operating, investing and financing activities | −70 | 43 | 44 | −78 | 10 | |
| Interest | 531,000 | 51,000 | 50,000 | 34,000 | 26,000 | |
| Income taxes, net | 100,000 | 100,000 | −300,000 | 1 | 0 | |
| Change in accruals for capital expenditures | −412,000 | 423,000 | 23,000 | −49,000 | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is NL INDUSTRIES INC's CIK number?
NL INDUSTRIES INC's SEC CIK number is 0000072162 (72162). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find NL INDUSTRIES INC's SEC filings?
All of NL INDUSTRIES INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did NL INDUSTRIES INC last report earnings?
NL INDUSTRIES INC (NL) most recently filed an earnings 8-K with the SEC on May 6, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0000072162-26-000025). This is NL INDUSTRIES INC's most recent earnings filing of record — not a forecast of its next earnings date.
What is NL INDUSTRIES INC's most recent earnings 8-K?
NL INDUSTRIES INC's latest earnings 8-K (Item 2.02) was filed May 6, 2026 under accession 0000072162-26-000025. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View NL INDUSTRIES INC's latest earnings 8-K →
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