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2024-07-02 01:28 News Release E View printer - friendly version NL REPORTS THIRD QUARTER 2021 RESULTS | NL Industries << Back NL REPORTS THIRD QUARTER 2021 RESULTS Dallas , Texas , Nov. 04 , 2021 ( GLOBE NEWSWIRE ) NL Industries , Inc. ( NYSE : NL ) today reported net income attributable to NL stockholders of $ 10.3 million , or $ .21 per share , in the third quarter of 2021 compared to net income attributable to NL stockholders of $ 3.9 million , or $ .08 per share , in the third quarter of 2020. NL results include an unrealized loss of $ 1.2 million in the third quarter of 2021 related to the change in value of marketable equity securities compared to a $ 3.2 million unrealized gain in the third quarter of 2020. For the first nine months of 2021 , NL reported net income attributable to NL stockholders of $ 36.3 million , or $ .74 per share , compared to net income of $ 10.4 million , or $ .21 per share for the first nine months of 2020. NL results include an unrealized gain of $ 9.7 million in the first nine months of 2021 related to the change in value of marketable equity securities compared to an $ 11.1 million unrealized loss in the first nine months of 2020 . CompX net sales were $ 34.5 million for the third quarter of 2021 compared to $ 28.4 million in the third quarter of 2020 and $ 106.7 million for the nine months ended September 30 , 2021 compared to $ 84.5 million for the same prior year period . Income from operations attributable to CompX was $ 5.1 million for the third quarter of 2021 compared to $ 2.1 million for the third quarter of 2020 and $ 16.7 million for the first nine months of 2021 compared to $ 9.5 million for the same prior year period . CompX third quarter 2021 net sales increased over the 2020 comparable period primarily due to higher Security Products sales across a variety of markets and to a lesser extent higher Marine Component sales primarily to the towboat market . CompX net sales increased for the first nine months of 2021 compared to the same period in 2020 primarily due to higher sales volumes at both of CompX's reporting units , particularly in the second quarter of 2021 , as many of its customers were temporarily closed or reduced production during the second quarter of 2020 due to government ordered closures or reduced demand resulting from the COVID - 19 pandemic . CompX income from operations was negatively impacted by the COVID - 19 pandemic in the second and third quarters of 2020 , which significantly impacts income from operations comparisons for the third quarter and the nine - month comparative periods . Income from operations increased for both comparative periods due to the favorable effect of higher production and sales volumes , partially offset by higher production costs including increased raw materials , shipping , and labor costs . NL recognized equity in earnings of Kronos of $ 10.9 million in the third quarter of 2021 compared to $ 2.4 million in the same period of 2020 and $ 24.7 million in the first nine months of 2021 compared to $ 16.3 million in the same period of 2020. Kronos ' net sales of $ 499.8 million in the third quarter of 2021 were $ 82.9 million , or 20 % , higher than in the third quarter of 2020. Kronos ' net sales of $ 1,443.4 million in the first nine months of 2021 were $ 219.5 million , or 18 % , higher than in the first nine months of 2020. Kronos ' net sales increased in the 2021 periods primarily due to higher sales volumes and higher average TiO2 selling prices . Kronos ' TiO2 sales volumes were 6 % higher in the third quarter of 2021 as compared to the third quarter of 2020 due to higher demand in its European and North American markets and 8 % higher in the first nine months of 2021 as compared to the same prior year period due to higher demand in all major markets . Increased demand resulted from continuing improvements in global economic activity in the 2021 periods compared to the negative impact from the COVID - 19 pandemic on the same periods in 2020. Kronos ' average TiO2 selling prices were 11 % higher in the third quarter of 2021 as compared to the third quarter of 2020 and 4 % higher in the first nine months of 2021 as compared to the first nine months of 2020. Kronos ' average TiO2 selling prices at the end of the third quarter of 2021 were 10 % higher than its average TiO2 selling prices at the end of 2020. Fluctuations in currency exchange rates ( primarily the euro ) also affected net sales comparisons , increasing net sales by approximately $ 5 million in the third quarter of 2021 and increasing net sales by approximately $ 47 million in the first nine months of 2021 , as compared to the same periods in 2020. The table at the end of this press release shows how each of these items impacted Kronos ' net sales . Kronos ' income from operations in the third quarter of 2021 was $ 57.3 million as compared to $ 19.3 million in the third quarter of 2020. For the year - to - date period , Kronos ' income from operations was $ 135.1 million as compared to $ 95.8 million in the first nine months of 2020. Kronos ' income from operations increased in the 2021 periods primarily due to higher average TiO2 selling prices and higher sales volumes , partially offset by higher manufacturing and other production costs , including higher costs for raw materials and energy . Kronos ' TiO2 production volumes were 13 % higher in the third quarter of 2021 as compared to the third quarter of 2020 and 4 % higher in the year - to - date period . Kronos decreased production levels in 2020 ( primarily in the third https://nlindustries.gcs-web.com/news-releases/news-release-details/nl-reports-third-quarter-2021-results 1/4