NL Industries (NL) is a holding company that supplies components to electric-vehicle giant Tesla (TSLA).
But NL primarily manufactures engineered components for the broader transportation, postal, and office sectors through its subsidiary CompX International. It also creates products for the healthcare, furniture, and gas station industries.
Meanwhile, NL has exposure to the chemical market as well through its stake in Kronos Worldwide. Kronos creates value-added titanium dioxide pigments for coatings, cosmetics, food, inks, paper, and plastics.
And this business model is paying off for the big tech supplier…
In NL’s second quarter, the company reported earnings per share of $0.26 versus last year’s $0.09. The company’s revenue came in at around $36.3 million, topping the year prior’s revenue of $23.8 million.
These earnings show that despite current global supply-chain disruptions and bottlenecks, demand for industrial components and coatings remains elevated.
So, as economic activity continues to improve, we could see smaller companies such as NL benefit moving forward – potentially boosting its share price in the process.
Shares are less than $6 now, but could be worth a whole lot more soon…
Forget Tesla. It’s the company that’s been supplying this key piece of tech to Elon Musk that will shock everyone.
This is all part of a $30 trillion megatrend.
And I’m not talking about blockchain, artificial intelligence, 5G, robotics, or the Internet of Things.
This trend is BIGGER than all of those things COMBINED!
And if Elon Musk mentions this company in a tweet, there’s no telling how high shares could go.