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.
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