$NL reports net income of $8.16/share for 2021 with an unrealized gain of $60.2M.
Mar 8th 2023, 9:31 pm
Analyst Summary: NL Industries, Inc. has reported a net income of $8.16 per share for the full year 2021 with an unrealized gain of $60.2 million. The company has seen a rise in sales due to higher sales in Marine Components and higher Security Products sales in different markets. However, the company's TiO2 sales volumes decreased in the 4th quarter and full year of 2022 compared to the same periods in 2021 due to weakening customer demand in European and export markets, impacting net sales. The CEO stated, "We continue to face many risks and uncertainties." It is important to note that the statements in this release relating to matters that are not historical facts are forward-looking statements, and actual future results could differ materially from those described in such forward-looking statements.