NLI Holdings, Inc. reported a significant increase in financial performance for the second quarter and first half of 2026, as detailed in its latest 10-Q filing. The company achieved net income attributable to NLI stockholders of $9.0 million, or $0.18 per share, for the quarter ending June 30, 2026, compared to $0.3 million, or $0.01 per share, for the same period in 2025. For the first six months of 2026, net income rose to $13.3 million, or $0.27 per share, from $1.0 million, or $0.02 per share, in the prior year. This growth was primarily driven by improved segment profits from its subsidiary CompX International and a turnaround in equity earnings from Kronos Worldwide, which shifted from a loss to a profit.
The company's revenue also reflected positive trends, with net sales increasing to $43.6 million in the second quarter of 2026, an 8% rise from $40.4 million in the same quarter of 2025. For the first half of 2026, net sales reached $84.2 million, up from $80.6 million in the previous year. The increase in sales was attributed to higher demand in CompX's Security Products and Marine Components segments, which benefited from a favorable customer mix and improved gross margins.
Operationally, NLI Holdings noted a rise in segment profit for CompX, which reached $8.9 million in the second quarter of 2026, a 41% increase from $6.3 million in the same quarter of 2025. The company also reported a decrease in corporate expenses, which fell to $2.8 million in the second quarter of 2026 from $3.5 million in the same period of 2025, primarily due to lower environmental remediation costs. The total assets of NLI Holdings increased to $470.6 million as of June 30, 2026, up from $464.2 million at the end of 2025, reflecting a solid financial position.
Looking ahead, NLI Holdings expressed optimism about continued growth, particularly in the CompX segment, which anticipates sustained demand across various markets, including healthcare and transportation. The company expects full-year net sales for 2026 to exceed those of 2025, driven by ongoing improvements in operational efficiency and market conditions. However, it acknowledged potential challenges related to raw material costs and overall economic conditions that could impact future performance. The company remains focused on managing its liquidity and capital resources effectively to support its operations and strategic initiatives.
About NL INDUSTRIES INC
NL Industries, Inc. is a diversified holding company engaged in component products manufacturing through its subsidiaries. It operates in the chemicals industry via its stake in Kronos Worldwide, producing titanium dioxide pigments for various industrial and consumer applications. Its core business focuses on engineered components, specialty chemicals, and titanium dioxide production, serving global markets with competitive, innovative products and a strong emphasis on sustainability and safety.
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