Overview

* NL Industries ( NL ) Q2 net income declines sharply from $7.9 mln to $0.3 mln

* CompX Q2 segment profit rises due to higher sales and gross margin

* Kronos Q2 net sales dip 1% due to lower TiO2 prices and product mix

Result Drivers

* SECURITY PRODUCTS - Higher sales primarily to government security market drove CompX's increased segment profit

* MARINE COMPONENTS - Increased sales to government and towboat markets contributed to CompX's profit growth

* TI02 PRICING - Kronos' net sales decline attributed to lower average TiO2 selling prices and changes in product mix

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Sales $40.30

mln

Q2 Net $1 mln

Income

Q2 Gross 12.9%

Margin

Q2 $2.80

Operatin mln

g Income

Q2 $1 mln

Pretax

Profit

Analyst Coverage

* The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)