nl industries (NL) Key Developments
NL Industries Inc. Suspends Regular Quarterly Dividend
May 8 14
NL Industries Inc. announced that its Board of Directors suspended NL's regular quarterly dividend of twelve and one-half cents ($0.125) per share on its common stock. In February 2014, NL's Board of Directors deferred consideration of a first quarter 2014 cash dividend, and no dividend was paid in the first quarter.
NL Industries Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014
May 8 14
NL Industries Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported net income attributable to company's stockholders of $3.8 million, or $0.08 per share compared to a net loss attributable to company's stockholders of $2.1 million, or $0.04 per share, in the first quarter of 2013. Net sales of $25.8 million, increased 20% compared to $21.4 million for the same period of 2013 primarily due to strong demand within CompX's security products business line, including new product sales for an existing government customer, increased market penetration in electronic locks and strong demand in transportation markets. The company reported loss from operations of $0.1 million compared to $2.9 million, income before income taxes of $5.0 million compared to loss before income taxes of $14.7 million a year ago.
NL Industries Inc., Annual General Meeting, May 22, 2014
Apr 2 14
NL Industries Inc., Annual General Meeting, May 22, 2014., at 10:00 Central Standard Time. Location: Three Lincoln Centre. Agenda: To elect the six director nominees to serve until the 2015 annual meeting of shareholders; to approve on an advisory basis executive officer compensation; and to transact such other business as may properly come before the meeting or any adjournment or postponement thereof.
NL Industries Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013
Mar 12 14
NL Industries Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, net sales were $22.344 million compared to $19.340 million for the same period a year ago. Net loss attributable to company stockholders was $33.020 million or $0.68 per share compared to $17.507 million or $0.36 per share for the same period a year ago.
For the full year of 2013, net sales were $92.045 million compared to $83.196 million for the same period a year ago. Loss from operations was $68.258 million compared to $8.059 million for the same period a year ago. Loss from continuing operations before taxes was $96.454 million compared to $77.122 million for the same period a year ago. Income from continuing operations was $54.543 million compared to $57.189 million for the same period a year ago. Net loss attributable to shareholders was $55.333 million or $1.14 per share compared to income of $74.536 million or $1.53 per share for the same period a year ago. Net cash provided by operating activities was $14.905 million compared to $18 million for the same period a year ago. Capital expenditures were $3.541 million compared to $4.564 million for the same period a year ago.
NL Industries Inc. Announces Management Changes
Feb 24 14
Effective February 20, 2013, NL Industries Inc.'s board of directors elected Robert D. Graham as vice chairman of the board, president and chief executive officer and Steven L Watson as chairman of the board, each to serve at the pleasure of the board of directors. Watson was formerly the company's vice chairman of the board and chief executive officer and Mr. Graham was formerly the company's president. Robert D. Graham served as the company's president since May 2013 and previously served as the company's vice president and general counsel from 2003 to May 2013. He has served as the executive vice president of Kronos Worldwide Inc. and previously served as its chief administrative officer from 2012 to May 2013, its general counsel from prior to 2009 to 2012 and its vice president in 2009 and prior years. From 2010 to 2012, Mr. Graham served as executive vice president of CompX International Inc. He served as the executive vice president of Titanium Metals Corporation, from prior to 2009 to 2012 and CompX's executive vice president from 2010 to 2012. He has served as vice president of Contran and Valhi since 2002. Effective February 20, 2014, the company's board of directors increased the size of its board from five to six and elected Loretta J. Feehan and Robert D. Graham to fill an existing vacancy and the newly created vacancy, each to serve as a director until her or his successor is elected and qualified or her or his earlier resignation, removal or death.