NL Industries, Inc. Files 10-Q for Period Ending March 31, 2024

TL;DR

<b>NL Industries, Inc. has filed its Q1 2024 10-Q report detailing financial positions and accumulated adjustments.</b>

AI Summary

NL INDUSTRIES INC (NL) filed a Quarterly Report (10-Q) with the SEC on May 8, 2024. NL Industries, Inc. filed a 10-Q report for the period ending March 31, 2024. The filing includes financial data for the first quarter of 2024. Key balance sheet components such as Common Stock, Additional Paid-In Capital, Retained Earnings, and Noncontrolling Interest are detailed as of March 31, 2024, and prior periods. Accumulated adjustments related to pension plans, other postretirement benefit plans, translation adjustments, and net unrealized investment gains/losses are reported for March 31, 2024, and December 31, 2023. The company's fiscal year ends on December 31.

Why It Matters

For investors and stakeholders tracking NL INDUSTRIES INC, this filing contains several important signals. This filing provides investors with the latest financial snapshot of NL Industries, Inc., crucial for understanding its current financial health and performance trends. The detailed breakdown of equity accounts and accumulated other comprehensive income components offers insights into the company's capital structure and the impact of various economic factors on its equity.

Risk Assessment

Risk Level: low — NL INDUSTRIES INC shows low risk based on this filing. The filing is a standard quarterly report (10-Q) and does not contain any immediate red flags or significant negative developments, indicating a routine disclosure.

Analyst Insight

Monitor future filings for revenue growth, net income trends, and any changes in debt-to-equity ratios to assess operational performance.

Key Numbers

• 2024-03-31 — Reporting Period End Date (10-Q filing)
• 2024-05-08 — Filing Date (10-Q filing)
• 12-31 — Fiscal Year End (Company data)
• 2024-03-31 — Balance Sheet Date (Equity accounts)
• 2023-12-31 — Prior Balance Sheet Date (Equity accounts)
• 2023-03-31 — Prior Period Balance Sheet Date (Equity accounts)

Key Players & Entities

• NL INDUSTRIES INC (company) — Filer name
• 2024-03-31 (date) — Period of report
• 2024-05-08 (date) — Filed as of date
• NJ (location) — State of incorporation
• DALLAS (location) — Business address city
• 75240-2620 (postal_code) — Business address zip
• NATIONAL LEAD CO (company) — Former company name
• 1971-05-20 (date) — Date of name change

FAQ

Key Dates

• 2024-03-31: Quarterly Period End — Financial data reported as of this date.
• 2024-05-08: Filing Date — Date the 10-Q report was submitted to the SEC.

Glossary

10-Q

A quarterly report required by the U.S. Securities and Exchange Commission (SEC). (Provides investors with an update on the company's financial performance and position during the quarter.)

AdditionalPaidInCapital

The amount of capital contributed by investors in excess of the par value of the stock. (Reflects investor confidence and capital raising activities.)

Filing Documents

• nl-20240331x10q.htm (10-Q) — 1484KB
• nl-20240331xex31d1.htm (EX-31.1) — 11KB
• nl-20240331xex31d2.htm (EX-31.2) — 12KB
• nl-20240331xex32d1.htm (EX-32.1) — 8KB
• 0001558370-24-007351.txt (&nbsp;) — 6045KB
• nl-20240331.xsd (EX-101.SCH) — 44KB
• nl-20240331_cal.xml (EX-101.CAL) — 73KB
• nl-20240331_def.xml (EX-101.DEF) — 149KB
• nl-20240331_lab.xml (EX-101.LAB) — 370KB
• nl-20240331_pre.xml (EX-101.PRE) — 288KB
• nl-20240331x10q_htm.xml (XML) — 900KB

Financial Statements

Financial Statements Condensed Consolidated Balance Sheets - December 31, 2023; March 31, 2024 (unaudited) 3 Condensed Consolidated Statements of Operations (unaudited) - Three months ended March 31, 2023 and 2024 5 Condensed Consolidated Statements of Comprehensive Income (Loss) (unaudited) - Three months ended March 31, 2023 and 2024 6 Condensed Consolidated Statements of Equity (unaudited) - Three months ended March 31, 2023 and 2024 7 Condensed Consolidated Statements of Cash Flows (unaudited) - Three months ended March 31, 2023 and 2024 8 Notes to Condensed Consolidated Financial Statements (unaudited) 9 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 19 Item 3. Quantitative and Qualitative Disclosure About Market Risk 32 Item 4.

Controls and Procedures

Controls and Procedures 32 Part II. OTHER INFORMATION 33 Item 1.

Legal Proceedings

Legal Proceedings 33 Item 1A.

Risk Factors

Risk Factors 33 Item 6. Exhibits 33 Items 2, 3, 4 and 5 of Part II are omitted because there is no information to report. 2 Table of Contents NL INDUSTRIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands) December 31, March 31, 2023 2024 (unaudited) ASSETS Current assets: Cash and cash equivalents $ 111,522 $ 138,257 Restricted cash and cash equivalents 2,917 2,919 Marketable securities 53,149 29,662 Accounts and other receivables, net 17,101 17,372 Receivables from affiliates 628 601 Inventories, net 30,712 27,543 Prepaid expenses and other 2,235 1,948 Total current assets 218,264 218,302 Other assets: Restricted cash and cash equivalents 26,943 27,072 Note receivable from affiliate 10,600 9,800 Marketable securities 18,194 20,577 Investment in Kronos Worldwide, Inc. 247,582 237,221 Goodwill 27,156 27,156 Other assets, net 2,060 3,504 Total other assets 332,535 325,330 Property and equipment: Land 5,390 5,390 Buildings 23,239 23,262 Equipment 74,315 74,650 Construction in progress 676 536 103,620 103,838 Less accumulated depreciation 77,757 78,654 Net property and equipment 25,863 25,184 Total assets $ 576,662 $ 568,816 3 Table of Contents NL INDUSTRIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (CONTINUED) (In thousands) December 31, March 31, 2023 2024 (unaudited) LIABILITIES AND EQUITY Current liabilities: Accounts payable $ 3,148 $ 3,074 Accrued litigation settlement 11,830 11,887 Accrued and other current liabilities 13,182 7,397 Accrued environmental remediation and related costs 1,655 1,584 Payables to affiliates 634 660 Total current liabilities 30,449 24,602 Noncurrent liabilities: Long-term debt from affiliate 500 500 Accrued environmental remediation and related costs 89,451 89,363 Long-term litigat

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View this 10-Q filing on SEC EDGAR