NL Industries, Inc. (NL): History, Ownership, Mission, How It Works & Makes Money

Ever wondered about the story behind NL Industries, Inc. (NL), a company with roots stretching back to the 19th century? From its early days as the National Lead Company to its current diversified operations, including component products and chemicals, how has it evolved to stay relevant in today's market? Dive in to discover its journey, ownership structure, operational model, and revenue streams, and understand how NL Industries achieved a net income of $67.2 million in 2024, a significant turnaround from a net loss of $2.3 million in 2023.

NL Industries, Inc. (NL) History

NL Industries, Inc., has a history rooted in the 19th century, evolving significantly over the decades through various strategic decisions and market changes. The company's journey reflects a transformation from its initial focus to its current operations.

NL Industries, Inc. Founding Timeline

Year established

The company's origins trace back to 1891.

Original location

The initial operations were based in St. Louis.

Founding team members

The company was founded by a group of individuals, with the name of James Eads How among the key figures.

Initial capital/funding

Details regarding the specific initial capital or funding amounts are not readily available in the provided context.

NL Industries, Inc. Evolution Milestones

NL Industries, Inc. Transformative Moments

• The shift from being primarily a lead-based company to diversifying into chemicals and other specialty materials was a pivotal moment.
• The name change to NL Industries, Inc. signified a strategic repositioning, moving away from the singular focus on lead.
• Strategic divestitures and acquisitions over the years have allowed NL Industries, Inc. to adapt to changing market conditions and focus on more profitable ventures.

For insights into the company's financial health, see: Breaking Down NL Industries, Inc. (NL) Financial Health: Key Insights for Investors

NL Industries, Inc. has navigated numerous transformations, adapting to market demands and strategic opportunities. These shifts have shaped its current operational focus and market position as of April 2025.

NL Industries, Inc. (NL) Ownership Structure

NL Industries, Inc. operates with a mixed ownership structure, encompassing both public shareholders and significant institutional stakeholders. Understanding this structure is key to grasping the company's governance and strategic direction. For insights into the company's goals, explore the Mission Statement, Vision, & Core Values of NL Industries, Inc. (NL).

NL Industries, Inc.'s Current Status

NL Industries, Inc. is a public company, trading on the New York Stock Exchange (NYSE) under the ticker symbol NL. This means that a portion of the company is owned by public investors who can buy and sell shares on the open market.

NL Industries, Inc.'s Ownership Breakdown

The ownership of NL Industries, Inc. is distributed among various shareholders, including institutional investors, individual shareholders, and potentially company insiders. The following table provides an overview of the company's ownership breakdown based on the most recent available data.

NL Industries, Inc.'s Leadership

The leadership team at NL Industries, Inc. is responsible for setting the strategic direction of the company and overseeing its operations. Key members of the leadership team include:

• W. Craig Cogger: Chairman of the Board, President and Chief Executive Officer
• Michael A. Sckolnik: Vice President, General Counsel and Secretary
• Kristen M. Nelson: Vice President and Controller

These individuals, along with other members of the executive team, guide the company's strategy and ensure its financial health.

NL Industries, Inc. (NL) Mission and Values

NL Industries, Inc. operates with a commitment to environmental responsibility and safety, alongside creating value for its shareholders through its chemicals business.

NL Industries, Inc. Core Purpose

Official mission statement

While NL Industries, Inc. does not have a singular, widely publicized mission statement, its core purpose can be understood through its operations and values. The company focuses on:

• Operating its chemicals business, specifically Kronos Worldwide, Inc., a leading producer of titanium dioxide pigments.
• Generating returns for shareholders through strategic investments and efficient management of its assets.
• Maintaining a commitment to safety and environmental stewardship in its operations.

Vision statement

NL Industries, Inc.'s vision is centered on sustained growth and leadership within its operating segments. This involves:

• Enhancing the performance and market position of Kronos Worldwide, Inc. in the titanium dioxide industry.
• Identifying and capitalizing on strategic opportunities to expand its business and increase shareholder value.
• Adhering to high standards of corporate governance and ethical business practices.

Company slogan/tagline

NL Industries, Inc. does not have a specific, well-known tagline. However, considering its business and objectives, a fitting tagline could be:

• 'Advancing Chemistry, Delivering Value.'
• 'Sustainable Solutions, Reliable Returns.'
• 'Innovation and Integrity in Chemicals.'

To gain more insights into NL Industries, Inc. (NL), explore: Exploring NL Industries, Inc. (NL) Investor Profile: Who’s Buying and Why?

NL Industries, Inc. (NL) How It Works

NL Industries, Inc. operates primarily through its chemicals segment, Kronos Worldwide, Inc., which produces and markets titanium dioxide (TiO2) pigments. These pigments are crucial for providing whiteness, brightness, and opacity in a wide array of products.

NL Industries' Product/Service Portfolio

NL Industries' Operational Framework

NL Industries conducts its operations through Kronos Worldwide. The framework involves:

• Manufacturing: TiO2 pigments are produced using the chloride process, which involves reacting titanium-bearing feedstocks with chlorine at high temperatures.
• Marketing and Sales: Kronos Worldwide markets and sells its products globally, focusing on building strong relationships with major customers.
• Distribution: The company utilizes a network of distribution centers and sales offices to ensure timely delivery of products to customers worldwide.
• Research and Development: Continuous investment in R&D to improve existing products and develop new TiO2 pigment technologies.

NL Industries' Strategic Advantages

NL Industries, through Kronos Worldwide, maintains several strategic advantages:

• Global Presence: Kronos Worldwide has manufacturing facilities and sales offices located around the world, enabling it to serve customers in diverse geographic markets.
• Product Innovation: Focus on developing differentiated TiO2 products that meet specific customer needs.
• Technical Support: Providing technical expertise and support to customers to ensure optimal product performance.

More information about the company can be found here: Mission Statement, Vision, & Core Values of NL Industries, Inc. (NL).

NL Industries, Inc. (NL) How It Makes Money

NL Industries, Inc. primarily generates revenue through its chemicals segment, specifically through Kronos Worldwide, Inc. Kronos produces and markets titanium dioxide pigments (TiO2), which are used as a pigment in various applications.

NL Industries, Inc.'s Revenue Breakdown

Because NL Industries' primary revenue driver is Kronos Worldwide, Inc., the revenue breakdown reflects Kronos's business segments.

NL Industries, Inc.'s Business Economics

The business economics of NL Industries are significantly influenced by the titanium dioxide (TiO2) market, which Kronos Worldwide dominates. Key factors include:

• TiO2 Demand and Pricing: The demand for TiO2 is closely tied to global economic activity, as it is a key component in paints, coatings, plastics, and paper. Prices fluctuate based on supply, demand, and production costs.
• Production Costs: The cost of raw materials (primarily titanium ore), energy, and labor affect profitability. Efficiency in production and supply chain management are critical.
• Competitive Landscape: The TiO2 industry is competitive, with several large global producers. Market share and pricing power depend on product quality, customer relationships, and geographic presence.
• Geographic Markets: Demand varies by region, with Asia-Pacific being a major consumer. Economic growth in developing countries significantly impacts sales volumes.

NL Industries, Inc.'s Financial Performance

NL Industries' financial performance is closely linked to the performance of Kronos Worldwide. Key aspects include:

• Revenue: Primarily driven by TiO2 sales volumes and average selling prices. Economic downturns can reduce demand and prices, affecting revenue. In 2024, Kronos Worldwide reported revenue of $1.8 billion.
• Profitability: Gross margins are influenced by production costs and TiO2 prices. Operating margins depend on administrative and selling expenses.
• Net Income: Affected by interest expenses, taxes, and any non-recurring items. Net income attributable to NL Industries in 2024 was $70 million.
• Cash Flow: Operating cash flow is essential for funding capital expenditures, debt repayments, and dividends.
• Capital Expenditures: Investments in maintaining and expanding production capacity are necessary to remain competitive.
• Debt and Liquidity: NL Industries' financial stability depends on managing debt levels and maintaining sufficient liquidity.

To gain more insights into the investors profile, here is a link: Exploring NL Industries, Inc. (NL) Investor Profile: Who’s Buying and Why?

NL Industries, Inc. (NL) Market Position & Future Outlook

NL Industries, Inc. holds a notable position within the chemicals industry, demonstrating a capacity for adaptation and strategic maneuvering, with a stable outlook contingent on effective navigation of market dynamics and leveraging emerging opportunities. For more insights, check out: Exploring NL Industries, Inc. (NL) Investor Profile: Who’s Buying and Why?

Competitive Landscape

Opportunities & Challenges

Industry Position

NL Industries operates within the specialty chemicals sector, focusing on:

• Manufacturing and selling component products.
• A portfolio of specialty chemicals.
• Pigments for various applications.

The company's standing is influenced by its ability to innovate and adapt to changing market demands.