NL Industries Files Q3 2024 10-Q

TL;DR

**NL Industries Q3 10-Q is IN. Check financials.**

AI Summary

NL Industries, Inc. filed its 10-Q for the period ending September 30, 2024. The filing details financial performance and operational updates for the company, which operates in the industrial inorganic chemicals sector. Key financial figures and business segment information are presented within the report.

Why It Matters

This 10-Q filing provides investors and analysts with the latest financial health and operational performance of NL Industries, Inc. for the third quarter of 2024.

Risk Assessment

Risk Level: medium — As a publicly traded company in the industrial sector, NL Industries faces inherent market, operational, and regulatory risks detailed in its SEC filings.

Key Players & Entities

• NL INDUSTRIES INC (company) — Filer
• 20240930 (date) — Reporting Period End Date
• 20241106 (date) — Filing Date
• DALLAS (location) — Business Address City
• NJ (location) — State of Incorporation

FAQ

Filing Documents

• nl-20240930x10q.htm (10-Q) — 2193KB
• nl-20240930xex10d1.htm (EX-10.1) — 46KB
• nl-20240930xex10d2.htm (EX-10.2) — 40KB
• nl-20240930xex10d3.htm (EX-10.3) — 47KB
• nl-20240930xex10d4.htm (EX-10.4) — 33KB
• nl-20240930xex10d5.htm (EX-10.5) — 51KB
• nl-20240930xex10d6.htm (EX-10.6) — 34KB
• nl-20240930xex10d7.htm (EX-10.7) — 49KB
• nl-20240930xex31d1.htm (EX-31.1) — 11KB
• nl-20240930xex31d2.htm (EX-31.2) — 12KB
• nl-20240930xex32d1.htm (EX-32.1) — 9KB
• 0001558370-24-014643.txt ( ) — 7940KB
• nl-20240930.xsd (EX-101.SCH) — 46KB
• nl-20240930_cal.xml (EX-101.CAL) — 76KB
• nl-20240930_def.xml (EX-101.DEF) — 165KB
• nl-20240930_lab.xml (EX-101.LAB) — 403KB
• nl-20240930_pre.xml (EX-101.PRE) — 304KB
• nl-20240930x10q_htm.xml (XML) — 1260KB

Financial Statements

Financial Statements Condensed Consolidated Balance Sheets - December 31, 2023 and September 30, 2024 (unaudited) 3 Condensed Consolidated Statements of Operations (unaudited) - Three and nine months ended September 30, 2023 and 2024 5 Condensed Consolidated Statements of Comprehensive Income (Loss) (unaudited) - Three and nine months ended September 30, 2023 and 2024 6 Condensed Consolidated Statements of Equity (unaudited) - Three and nine months ended September 30, 2023 and 2024 7 Condensed Consolidated Statements of Cash Flows (unaudited) - Nine months ended September 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 37 Part II. OTHER INFORMATION 37 Item 1.

Legal Proceedings

Legal Proceedings 37 Item 1A.

Risk Factors

Risk Factors 38 Item 6. Exhibits 38 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, September 30, 2023 2024 (unaudited) ASSETS Current assets: Cash and cash equivalents $ 111,522 $ 145,960 Restricted cash and cash equivalents 2,917 29,734 Marketable securities 53,149 — Accounts and other receivables, net 17,101 14,582 Receivables from affiliates 628 — Inventories, net 30,712 28,008 Prepaid expenses and other 2,235 7,293 Total current assets 218,264 225,577 Other assets: Restricted cash and cash equivalents 26,943 530 Note receivable from affiliate 10,600 7,900 Marketable securities 18,194 39,969 Investment in Kronos Worldwide, Inc. 247,582 259,556 Goodwill 27,156 27,156 Other assets, net 2,060 701 Total other assets 332,535 335,812 Property and equipment: Land 5,390 5,390 Buildings 23,239 23,262 Equipment 74,315 75,334 Construction in progress 676 527 103,620 104,513 Less accumulated depreciation 77,757 80,252 Net property and equipment 25,863 24,261 Total assets $ 576,662 $ 585,650 3 Table of Contents NL INDUSTRIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (CONTINUED) (In thousands) December 31, September 30, 2023 2024 (unaudited) LIABILITIES AND EQUITY Current liabilities: Accounts payable $ 3,148 $ 3,291 Accrued litigation settlement 11,830 16,353 Accrued and other current liabilities 13,182 10,642 Accrued environmental remediation and related costs 1,655 2,462 Payables to affiliates 634 818 Total current liabilities 30,449 33,566 Noncurrent liabilities: Long-term debt from affiliate 500 500 Accrued environmental remediation and related costs 89,451 89,163 Long-term litigatio

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View this 10-Q filing on SEC EDGAR