NL Industries reports Q4 net loss, partly hurt by US pension plan termination

Reuters03-10
NL Industries reports Q4 net loss, partly hurt by US pension plan termination 

Overview

  • Component products and chemicals firm reported Q4 net loss of $31 mln

  • Q4 revenue decreased slightly yr/yr due to lower Security Products sales

  • CompX segment profit rose in Q4 due to higher Marine Components sales

Outlook

  • Company did not provide specific guidance for future quarters or years in the press release

Result Drivers

  • SECURITY PRODUCTS SALES - Decrease in Q4 net sales attributed to lower Security Products sales to healthcare market, partially offset by higher Marine Components sales

  • KRONOS LOSSES - Significant equity losses from Kronos due to lower TiO2 prices and reduced operating rates

  • PENSION PLAN TERMINATION - Q4 net loss includes $19.7 mln loss related to termination of U.S. pension plan

Company press release: ID:nGNXKZPQ7

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Sales

$37.7 mln

Q4 EPS

-$0.63

Q4 Pretax Profit

-$45.5 mln

Analyst Coverage

  • The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 6 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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