NL Industries, Inc. (NL) swung to a net profit for the quarter ended Dec. 31, 2016. The company has made a net profit of $9.60 million, or $ 0.20 a share in the quarter, against a net loss of $5.60 million, or $0.11 a share in the last year period. Revenue during the quarter went up marginally by 2.33 percent to $26.30 million from $25.70 million in the previous year period. Gross margin for the quarter expanded 503 basis points over the previous year period to 34.60 percent. Operating margin for the quarter period stood at positive 2.28 percent as compared to a negative 10.12 percent for the previous year period.
Operating income for the quarter was $0.60 million, compared with an operating loss of $2.60 million in the previous year period.
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