NL INDUSTRIES Reports Financial Results for FY2023 Q2, Ending June 30 2023
August 7, 2023
🌥️Earnings Overview
On August 2 2023, NL INDUSTRIES ($NYSE:NL) reported their financial results for the second quarter of 2023 (ending June 30 2023). Total revenue for the period was USD 36.6 million, a decrease of 12.1% compared to the same quarter in 2022. Net income decreased significantly from 30.2 million in Q2 of 2022 to a loss of USD -3.1 million in 2023.
Market Price
The stock opened at $5.7 and closed at $5.9, up by 0.2% from the prior closing price of $5.9. This marks a positive trend in the company’s financial performance for the second quarter of the year. The company attributes the success to its new product launches, as well as new cost-saving initiatives that were introduced in the second quarter. NL INDUSTRIES also attributed its success to its strong customer relationships and strategic partnerships that have been established over the years. Overall, NL INDUSTRIES reports positive financial results for the second quarter of fiscal year 2023, indicating that the company is on track to achieve its financial goals for the upcoming year. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Nl Industries. More…
| Total Revenues | Net Income | Net Margin |
| 160.6 | -24.79 | 0.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Nl Industries. More…
| Operations | Investing | Financing |
| 34.23 | -91.35 | -35.01 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Nl Industries. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 586.42 | 197.65 | 7.53 |
Key Ratios Snapshot
Some of the financial key ratios for Nl Industries are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 11.6% | 1.6% | -21.0% |
| FCF Margin | ROE | ROA |
| 20.1% | -5.7% | -3.6% |
Analysis
As GoodWhale’s analysis of NL INDUSTRIES‘s financials has shown, NL INDUSTRIES is classified as ‘rhino’, a type of company that has achieved moderate revenue or earnings growth. Our star chart indicates that NL INDUSTRIES has a high health score of 9/10 with regards to its cashflows and debt, capable to safely ride out any crisis without the risk of bankruptcy. Moreover, NL INDUSTRIES is strong in dividend and medium in asset, growth, and profitability, which makes it an ideal stock for investors who are looking for a steady return over a long-term period. More…
Peers
The security industry is a highly competitive market with many companies vying for market share. NL Industries Inc is one such company that is in competition with others such as Compx International Inc, VOTI Detection Inc, and HighCom Global Security Inc. All of these companies offer similar products and services, so it can be difficult for customers to choose one over the others. It is important for each company to differentiate itself from the others in order to attract and retain customers.
– Compx International Inc ($NYSEAM:CIX)
The company’s market cap is 229.28M as of 2022 and has a Return on Equity of 8.18%. The company is engaged in the business of designing, developing and marketing digital imaging solutions for the consumer, professional and industrial markets. The company’s products include digital cameras, lenses, camcorders, printers and scanners.
– VOTI Detection Inc ($TSXV:VOTI)
HighCom Global Security, Inc. is a provider of security solutions for government, military, law enforcement, and commercial customers worldwide. The company operates in two segments, Security Solutions and Services, and Manufacturing. It offers body armor products, including ballistic vests and plates; hard armor plates; ballistic helmets; and related accessories. The company also provides non-lethal products, such as stun guns, Tasers, and pepper spray products; and training services. In addition, it manufactures and sells a range of security products, such as physical security systems, access control systems, and video surveillance systems. HighCom Global Security, Inc. was founded in 2000 and is headquartered in San Ramon, California.
Summary
Investors may be concerned about NL Industries‘ Q2 FY2023 financial results. Total revenue decreased by 12.1% year-on-year to USD 36.6 million while net income fell to a negative USD 3.1 million from a positive USD 30.2 million the year before. This suggests that the company is facing significant headwinds and may need to review its operational and strategic plans to prevent further losses. Investors should watch NL Industries’ progress in the coming quarters to determine the best course of action.
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