NL Industries Files Q2 2024 10-Q
Ticker: NL · Form: 10-Q · Filed: Aug 7, 2024 · CIK: 72162
| Field | Detail |
|---|---|
| Company | Nl Industries Inc (NL) |
| Form Type | 10-Q |
| Filed Date | Aug 7, 2024 |
| Risk Level | low |
| Pages | 16 |
| Reading Time | 19 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, quarterly-report
TL;DR
NL Industries filed its Q2 10-Q. Financials and ops updated.
AI Summary
NL Industries, Inc. filed its 10-Q for the period ending June 30, 2024. The company reported financial results and provided updates on its business operations. Key financial figures and operational details are disclosed in this quarterly report.
Why It Matters
This filing provides investors with the latest financial performance and operational status of NL Industries, Inc., crucial for understanding the company's current health and future prospects.
Risk Assessment
Risk Level: low — This is a standard quarterly financial filing with no immediate red flags.
Key Numbers
- 1231 — Fiscal Year End (Indicates the end of the company's annual accounting period.)
Key Players & Entities
- NL INDUSTRIES INC (company) — Filer
- 20240630 (date) — Period of Report
- 20240807 (date) — Filing Date
- DALLAS (location) — Business Address City
FAQ
What is the primary business of NL Industries, Inc.?
NL Industries, Inc. operates in the Industrial Inorganic Chemicals sector, specifically SIC code 2810.
When was the company incorporated?
The company was incorporated in New Jersey (NJ).
What is the filing date of this 10-Q?
This 10-Q was filed on August 7, 2024.
What is the reporting period for this 10-Q?
The reporting period for this 10-Q is June 30, 2024.
What is the company's business address?
The business address is 5430 LBJ Freeway, Suite 1700, Dallas, TX 75240-2620.
Filing Stats: 4,745 words · 19 min read · ~16 pages · Grade level 12.6 · Accepted 2024-08-07 16:20:33
Filing Documents
- nl-20240630x10q.htm (10-Q) — 2203KB
- nl-20240630xex10d5.htm (EX-10.5) — 15KB
- nl-20240630xex31d1.htm (EX-31.1) — 11KB
- nl-20240630xex31d2.htm (EX-31.2) — 12KB
- nl-20240630xex32d1.htm (EX-32.1) — 9KB
- 0001558370-24-011367.txt ( ) — 7582KB
- nl-20240630.xsd (EX-101.SCH) — 45KB
- nl-20240630_cal.xml (EX-101.CAL) — 75KB
- nl-20240630_def.xml (EX-101.DEF) — 163KB
- nl-20240630_lab.xml (EX-101.LAB) — 394KB
- nl-20240630_pre.xml (EX-101.PRE) — 301KB
- nl-20240630x10q_htm.xml (XML) — 1274KB
Financial Statements
Financial Statements Condensed Consolidated Balance Sheets - December 31, 2023; June 30, 2024 (unaudited) 3 Condensed Consolidated Statements of Operations (unaudited) - Three and six months ended June 30, 2023 and 2024 5 Condensed Consolidated Statements of Comprehensive Income (Loss) (unaudited) - Three and six months ended June 30, 2023 and 2024 6 Condensed Consolidated Statements of Equity (unaudited) - Three and six months ended June 30, 2023 and 2024 7 Condensed Consolidated Statements of Cash Flows (unaudited) - Six months ended June 30, 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 36 Item 4.
Controls and Procedures
Controls and Procedures 36 Part II. OTHER INFORMATION 36 Item 1.
Legal Proceedings
Legal Proceedings 36 Item 1A.
Risk Factors
Risk Factors 37 Item 5. Other Information 37 Item 6. Exhibits 37 Items 2, 3, and 4 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, June 30, 2023 2024 (unaudited) ASSETS Current assets: Cash and cash equivalents $ 111,522 $ 167,453 Restricted cash and cash equivalents 2,917 2,896 Marketable securities 53,149 11,934 Accounts and other receivables, net 17,101 15,654 Receivables from affiliates 628 179 Inventories, net 30,712 27,363 Prepaid expenses and other 2,235 1,878 Total current assets 218,264 227,357 Other assets: Restricted cash and cash equivalents 26,943 27,231 Note receivable from affiliate 10,600 9,200 Marketable securities 18,194 21,356 Investment in Kronos Worldwide, Inc. 247,582 237,268 Goodwill 27,156 27,156 Other assets, net 2,060 5,721 Total other assets 332,535 327,932 Property and equipment: Land 5,390 5,390 Buildings 23,239 23,262 Equipment 74,315 74,651 Construction in progress 676 770 103,620 104,073 Less accumulated depreciation 77,757 79,336 Net property and equipment 25,863 24,737 Total assets $ 576,662 $ 580,026 3 Table of Contents NL INDUSTRIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (CONTINUED) (In thousands) December 31, June 30, 2023 2024 (unaudited) LIABILITIES AND EQUITY Current liabilities: Accounts payable $ 3,148 $ 3,791 Accrued litigation settlement 11,830 11,943 Accrued and other current liabilities 13,182 10,681 Accrued environmental remediation and related costs 1,655 2,511 Payables to affiliates 634 635 Total current liabilities 30,449 29,561 Noncurrent liabilities: Long-term debt from affiliate 500 500 Accrued environmental remediation and related costs 89,4