NL REPORTS FIRST QUARTER 2025 RESULTS

About this update from Nl Industries, Inc.

[{"type":"text","content":"Dallas, Texas, May 07, 2025 (GLOBE NEWSWIRE) -- NL Industries, Inc. (NYSE: NL) today reported net income attributable to NL stockholders of $.7 million, or $.01 per share, in the first quarter of 2025 compared to $6.8 million, or $.14 per share, in the first quarter of 2024. NL’s results include an unrealized loss of $8.5 million in the first quarter of 2025 compared to a $2.4 million unrealized gain in the first quarter of 2024 related to the change in value of marketable equity securities.","length":496,"tagName":"p"},{"type":"text","content":"CompX’s net sales were $40.3 million in the first quarter of 2025 compared to $38.0 million in the first quarter of 2024. CompX’s first quarter 2025 net sales increased over the comparable 2024 period due to higher Marine Components sales primarily to the towboat and government markets and to a lesser extent higher Security Products sales primarily to the government security market. CompX’s segment profit increased to $5.9 million in the first quarter of 2025 compared to $3.7 million in the first quarter of 2024 primarily due to higher Marine Components sales and gross margin.","length":583,"tagName":"p"},{"type":"text","content":"NL recognized equity in earnings of Kronos of $5.5 million in the first quarter of 2025 compared to $2.5 million in the same period of 2024. As previously reported, effective July 16, 2024, Kronos acquired the 50% joint venture interest in Louisiana Pigment Company, L.P. (“LPC”) previously held by Venator Investments, Ltd. Prior to the acquisition, Kronos held a 50% joint venture interest in LPC. Following the acquisition, LPC became a wholly-owned subsidiary of Kronos. The results of operations of LPC have been included in Kronos’ results of operations beginning as of the acquisition date.","length":597,"tagName":"p"},{"type":"text","content":"Kronos’ net sales of $489.8 million in the first quarter of 2025 were $11.0 million, or 2%, higher than in the first quarter of 2024. Kronos’ net sales increased in the first quarter of 2025 compared to the first quarter of 2024 primarily due to the effects of higher sales volumes in its North American and European markets somewhat offset by lower sales volumes in its export markets, higher average TiO2 selling prices and changes in product mix. Kronos started 2025 with average TiO2 selling prices 2% higher than at the b...

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