| 10-Q | 2020-03-31 | Filed 2020-05-06 |
| 10-K | 2019-12-31 | Filed 2020-03-11 |
| 10-Q | 2019-09-30 | Filed 2019-11-07 |
| 10-Q | 2019-06-30 | Filed 2019-08-07 |
| 10-Q | 2019-03-31 | Filed 2019-05-09 |
| 10-K | 2018-12-31 | Filed 2019-03-11 |
| 10-Q | 2018-09-30 | Filed 2018-11-07 |
| 10-Q | 2018-06-30 | Filed 2018-08-07 |
| 10-Q | 2018-03-31 | Filed 2018-05-08 |
| 10-K | 2017-12-31 | Filed 2018-03-12 |
| 10-Q | 2017-09-30 | Filed 2017-11-08 |
| 10-Q | 2017-06-30 | Filed 2017-08-08 |
| 10-Q | 2017-03-31 | Filed 2017-05-08 |
| 10-K | 2016-12-31 | Filed 2017-03-10 |
| 10-Q | 2016-09-30 | Filed 2016-11-07 |
| 10-Q | 2016-06-30 | Filed 2016-08-05 |
| 10-Q | 2016-03-31 | Filed 2016-05-06 |
| 10-K | 2015-12-31 | Filed 2016-03-10 |
| 10-Q | 2015-09-30 | Filed 2015-11-06 |
| 10-Q | 2015-06-30 | Filed 2015-08-07 |
| 10-Q | 2015-03-31 | Filed 2015-05-08 |
| 10-K | 2014-12-31 | Filed 2015-03-12 |
| 10-Q | 2014-09-30 | Filed 2014-11-07 |
| 10-Q | 2014-06-30 | Filed 2014-08-07 |
| 10-Q | 2014-03-31 | Filed 2014-05-08 |
| 10-K | 2013-12-31 | Filed 2014-03-12 |
| 10-Q | 2013-09-30 | Filed 2013-11-06 |
| 10-Q | 2013-06-30 | Filed 2013-08-07 |
| 10-Q | 2013-03-31 | Filed 2013-05-08 |
| 10-K | 2012-12-31 | Filed 2013-03-12 |
| 10-Q | 2012-09-30 | Filed 2012-11-06 |
| 10-Q | 2012-06-30 | Filed 2012-08-09 |
| 10-Q | 2012-03-31 | Filed 2012-05-09 |
| 10-K | 2011-12-31 | Filed 2012-03-06 |
| 10-Q | 2011-09-30 | Filed 2011-11-03 |
| 10-Q | 2011-06-30 | Filed 2011-08-03 |
| 10-Q | 2011-03-31 | Filed 2011-05-04 |
| 10-K | 2010-12-31 | Filed 2011-03-07 |
| 10-Q | 2010-09-30 | Filed 2010-11-01 |
| 10-Q | 2010-06-30 | Filed 2010-08-03 |
| 10-Q | 2010-03-31 | Filed 2010-05-04 |
| 10-K | 2009-12-31 | Filed 2010-03-10 |
| 8-K | 2020-05-06 | Earnings, Regulation FD, Exhibits |
| 8-K | 2020-04-22 | Control |
| 8-K | 2020-03-13 | Officers |
| 8-K | 2020-03-11 | Earnings, Regulation FD, Exhibits |
| 8-K | 2020-02-19 | Regulation FD, Exhibits |
| 8-K | 2019-11-07 | Earnings, Regulation FD, Exhibits |
| 8-K | 2019-09-03 | Control |
| 8-K | 2019-08-07 | Earnings, Regulation FD, Exhibits |
| 8-K | 2019-07-24 | Enter Agreement |
| 8-K | 2019-07-16 | Control |
| 8-K | 2019-05-16 | Shareholder Vote, Regulation FD, Exhibits |
| 8-K | 2019-05-16 | Code of Ethics, Exhibits |
| 8-K | 2019-05-09 | Earnings, Regulation FD, Exhibits |
| 8-K | 2019-03-18 | Officers |
| 8-K | 2019-03-08 | Earnings, Regulation FD, Exhibits |
| 8-K | 2018-11-07 | Earnings, Regulation FD, Exhibits |
| 8-K | 2018-08-07 | Earnings, Regulation FD, Exhibits |
| 8-K | 2018-05-17 | Shareholder Vote, Regulation FD, Exhibits |
| 8-K | 2018-05-08 | Earnings, Regulation FD, Exhibits |
| 8-K | 2018-03-15 | Officers |
| 8-K | 2018-03-12 | Earnings, Regulation FD, Exhibits |
NL Industries, Inc. was organized as a New Jersey corporation in 1891. Our common stock trades on the New York Stock Exchange, or the NYSE, under the symbol NL. References to "NL Industries," "NL," the "Company," the "Registrant," "we," "our," "us" and similar terms mean NL Industries, Inc. and its subsidiaries and affiliate, unless the context otherwise requires.
Our principal executive offices are located at Three Lincoln Center, 5430 LBJ Freeway, Suite 1700, Dallas, TX 75240. Our telephone number is (972) 233-1700. We maintain a website at www.nl-ind.com.
We are primarily a holding company. We operate in the component products industry through our majority-owned subsidiary, CompX International Inc. (NYSE American: CIX). We operate in the chemicals industry through our noncontrolling interest in Kronos Worldwide, Inc. CompX and Kronos (NYSE: KRO); each file periodic reports with the Securities and Exchange Commission (SEC).
| Comps ($MM TTM) | Market Cap | Gross Margin | EV/EBITDA | Ret on Assets | Assets | Liabilities | Revenue | G Profit | Net Income | EBITDA | EV |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Green Plains (GPRE) | 395 | 4% | 21.4 | -4% | 1,692 | 786 | 2,982 | 107 | -60 | 25 | 527 |
| Rayonier Advanced Materials (RYAM) | 277 | 7% | 13.8 | -1% | 2,597 | 1,958 | 1,913 | 126 | -39 | 105 | 1,450 |
| Advanced Emissions Solutions (ADES) | 265 | 10% | 4.6 | 19% | 179 | 71 | 65 | 7 | 33 | 64 | 295 |
| Venator Materials (VNTR) | 264 | 12% | 17.5 | -3% | 2,330 | 1,485 | 2,150 | 249 | -66 | 56 | 977 |
| NL Industries (NL) | 199 | 31% | 2.2 | 4% | 555 | 232 | 122 | 38 | 24 | 28 | 61 |
| Flotek Industries (FTK) | 124 | -5% | 0.4 | 16% | 249 | 38 | 143 | -7 | 40 | 48 | 18 |
| LSB Industries (LXU) | 103 | 8% | 10.4 | -4% | 1,130 | 846 | 386 | 30 | -49 | 47 | 493 |
| Tantech Holdings (TANH) | 51 | 0% | 134 | 24 | 0 | 0 | 0 | 0 | 41 | ||
| Gevo (GEVO) | 47 | -55% | -1.5 | -23% | 95 | 19 | 18 | -10 | -22 | -17 | 26 |
| Gulf Resources (GURE) | 47 | 49% | 36.6 | -6% | 288 | 22 | 11 | 5 | -19 | -2 | -59 |
| Flexible Solutions International (FSI) | 29 | 31% | 7.5 | 5% | 34 | 13 | 26 | 8 | 2 | 4 | 27 |
| Delta Technology Holdings (DELT) | 13 | 0% | 67 | 90 | 0 | 0 | 0 | 0 | 12 | ||
| Synthesis Energy Systems (SES) | 6 | 87% | -1.0 | -125% | 9 | 8 | 0 | 0 | -11 | -10 | 10 |
| Pacific Ethanol (PEIX) | 0 | -3% | -7.4 | -12% | 653 | 380 | 1,067 | -34 | -80 | -30 | 225 |
| Aemetis (AMTX) | 0 | 5% | -15.2 | -33% | 97 | 243 | 150 | 7 | -32 | -13 | 196 |
| Methanex Corporation (MEOH) | |||||||||||
| Hydrogenics (HYGS) | |||||||||||
| Element Solutions (ESI) | 43% | 8.3 | 0% | 4,273 | 2,153 | 1,860 | 799 | 4 | 160 | 1,322 | |
| Sinopec Shanghai Petrochemical (SHI) | 0% | 44,386 | 13,923 | 0 | 0 | 0 | 0 | -8,720 | |||
| Westlake Chemical Partners (WLKP) | 32% | -0.0 | 23% | 1,407 | 444 | 1,155 | 369 | 323 | 403 | -19 |
| Balance Sheet ($MM) | 2011-06-30 | 2011-09-30 | 2011-12-31 | 2012-03-31 | 2012-06-30 | 2012-09-30 | 2012-12-31 | 2013-03-31 | 2013-06-30 | 2013-09-30 | 2013-12-31 | 2014-03-31 | 2014-06-30 | 2014-09-30 | 2014-12-31 | 2015-03-31 | 2015-06-30 | 2015-09-30 | 2015-12-31 | 2016-03-31 | 2016-06-30 | 2016-09-30 | 2016-12-31 | 2017-03-31 | 2017-06-30 | 2017-09-30 | 2017-12-31 | 2018-03-31 | 2018-06-30 | 2018-09-30 | 2018-12-31 | 2019-03-31 | 2019-06-30 | 2019-09-30 |
| Cash | 7 | 14 | 12 | 5 | 7 | 9 | 78 | 73 | 72 | 52 | 53 | 53 | 58 | 73 | 73 | 73 | 83 | 88 | 96 | 95 | 102 | 101 | 93 | 93 | 95 | 102 | 103 | 104 | 116 | 128 | 121 | 116 | 132 | 138 |
| Accounts Receivable | ||||||||||||||||||||||||||||||||||
| Inventory | 21 | 20 | 20 | 20 | 19 | 19 | 11 | 12 | 12 | 13 | 13 | 15 | 16 | 15 | 17 | 17 | 16 | 15 | 15 | 14 | 14 | 15 | 15 | 15 | 15 | 15 | 15 | 16 | 17 | 17 | 17 | 19 | 18 | 19 |
| PP&E | 181 | 169 | 170 | 171 | 467 | 491 | 522 | 503 | 508 | 524 | 87 | 87 | 88 | 89 | 89 | 90 | 91 | 92 | 92 | 94 | 94 | 94 | 95 | 95 | 96 | 96 | 97 | 97 | 98 | 95 | 96 | 96 | 96 | 96 |
| Assets | 709 | 757 | 761 | 759 | 2,116 | 2,036 | 2,027 | 1,860 | 1,742 | 1,674 | 686 | 560 | 534 | 540 | 501 | 482 | 435 | 370 | 349 | 348 | 354 | 380 | 385 | 396 | 457 | 481 | 552 | 575 | 591 | 570 | 547 | 561 | 591 | 555 |
| Accounts Payable | 8 | 6 | 8 | 7 | 7 | 8 | 5 | 4 | 4 | 6 | 3 | 5 | 5 | 6 | 6 | 5 | 10 | 5 | 5 | 5 | 4 | 5 | 5 | 5 | 5 | 5 | 4 | 4 | 4 | 6 | 5 | 4 | 4 | 5 |
| Long-Term Debt | 57 | 71 | 37 | 39 | 28 | 33 | 18 | 280 | 288 | 203 | 0 | |||||||||||||||||||||||
| Liabilities | 330 | 352 | 335 | 339 | 660 | 577 | 596 | 601 | 540 | 573 | 317 | 271 | 263 | 263 | 249 | 235 | 219 | 192 | 184 | 183 | 185 | 194 | 191 | 192 | 211 | 216 | 199 | 204 | 267 | 259 | 244 | 241 | 262 | 232 |
| Stockholders' Equity | 368 | 393 | 415 | 409 | 1,054 | 1,116 | 1,062 | 982 | 937 | 920 | 355 | 275 | 257 | 263 | 237 | 233 | 201 | 164 | 150 | 149 | 153 | 170 | 178 | 187 | 229 | 248 | 335 | 353 | 306 | 292 | 284 | 300 | 307 | 301 |
| Income Statement ($MM) | 2011-06-30 | 2011-09-30 | 2011-12-31 | 2012-03-31 | 2012-06-30 | 2012-09-30 | 2012-12-31 | 2013-03-31 | 2013-06-30 | 2013-09-30 | 2013-12-31 | 2014-03-31 | 2014-06-30 | 2014-09-30 | 2014-12-31 | 2015-03-31 | 2015-06-30 | 2015-09-30 | 2015-12-31 | 2016-03-31 | 2016-06-30 | 2016-09-30 | 2016-12-31 | 2017-03-31 | 2017-06-30 | 2017-09-30 | 2017-12-31 | 2018-03-31 | 2018-06-30 | 2018-09-30 | 2018-12-31 | 2019-03-31 | 2019-06-30 | 2019-09-30 |
| Revenue | 35 | 36 | 33 | 36 | 545 | 1,506 | 397 | 464 | 908 | 419 | 22 | 26 | 27 | 26 | 25 | 28 | 29 | 27 | 26 | 27 | 27 | 28 | 26 | 30 | 30 | 27 | 25 | 28 | 32 | 30 | 27 | 31 | 34 | 30 |
| Cost of Revenue | 25 | 27 | 25 | 26 | 534 | 1,496 | 391 | 458 | 900 | 412 | 16 | 18 | 18 | 18 | 17 | 19 | 20 | 18 | 18 | 19 | 19 | 19 | 17 | 20 | 20 | 19 | 18 | 19 | 21 | 20 | 20 | 22 | 23 | 20 |
| Gross Profit | 10 | 9 | 8 | 9 | 11 | 10 | 6 | 6 | 8 | 8 | 6 | 8 | 9 | 8 | 8 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 9 | 10 | 10 | 8 | 7 | 10 | 11 | 10 | 8 | 10 | 11 | 9 |
| R&D | ||||||||||||||||||||||||||||||||||
| SG&A | 6 | 6 | 6 | 7 | 7 | 6 | -1 | 5 | 5 | 5 | 4 | 4 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | |
| Tax | 1 | 12 | 1 | 9 | 8 | 3 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 4 | 0 | 1 | -21 | -4 | -3 | 0 | 0 | -1 | -2 | 2 | 20 | 6 | 0 | 3 | -2 | 0 | 3 | 1 | -2 | |
| Net Income | 17 | 28 | 20 | 21 | 64 | 35 | 21 | -2 | -14 | -6 | -33 | 4 | 6 | 14 | 5 | 10 | -29 | 1 | -6 | -2 | 1 | 8 | 10 | 9 | 42 | 18 | 49 | 15 | -42 | -15 | 3 | 16 | 7 | -1 |
| Cash Flow ($MM) | 2011-06-30 | 2011-09-30 | 2011-12-31 | 2012-03-31 | 2012-06-30 | 2012-09-30 | 2012-12-31 | 2013-03-31 | 2013-06-30 | 2013-09-30 | 2013-12-31 | 2014-03-31 | 2014-06-30 | 2014-09-30 | 2014-12-31 | 2015-03-31 | 2015-06-30 | 2015-09-30 | 2015-12-31 | 2016-03-31 | 2016-06-30 | 2016-09-30 | 2016-12-31 | 2017-03-31 | 2017-06-30 | 2017-09-30 | 2017-12-31 | 2018-03-31 | 2018-06-30 | 2018-09-30 | 2018-12-31 | 2019-03-31 | 2019-06-30 | 2019-09-30 |
| Cash Operating | 2 | 24 | -1 | 6 | 5 | 9 | -2 | 5 | 5 | 8 | 1 | 6 | 16 | 1 | 1 | 12 | 0 | 7 | 10 | 10 | 2 | 8 | 5 | 3 | 2 | 9 | 2 | 17 | -2 | |||||
| Cash Investing | -3 | 14 | -1 | 14 | -2 | 82 | 3 | 1 | -0 | -1 | -1 | -1 | -1 | -1 | -0 | -2 | -1 | -0 | -11 | -17 | -2 | -11 | 2 | -2 | -0 | 4 | -6 | -1 | 7 | |||||
| Cash Financing | 9 | -40 | -5 | -17 | -1 | -21 | -7 | -6 | -24 | -6 | -0 | -0 | -0 | -0 | ||||||||||||||||||||