Financial Performance - Net income attributable to NL stockholders for Q3 2024 was $36.0 million, or $0.74 per share, compared to a net loss of $0.1 million, or nil per share, in Q3 2023[77]. - Net income attributable to NL stockholders for the first nine months of 2024 was $50.7 million, or $1.04 per share, compared to a net loss of $9.9 million, or $0.20 per share, in the same period of 2023[79]. - Income from operations was $94.3 million in the first nine months of 2024, compared to a loss of $50.3 million in the same period of 2023[137]. - Income tax expense was $34.7 million in the first nine months of 2024, compared to an income tax benefit of $19.7 million in the same period of 2023[141]. Earnings and Gains - Equity in earnings of Kronos increased to $21.9 million in 2024 from a loss of $6.2 million in 2023[77]. - Unrealized gain in marketable equity securities was $18.6 million in 2024, up from $0.4 million in 2023[77]. - Equity in earnings of Kronos for the first nine months of 2024 was $30.4 million, compared to a loss of $13.4 million in 2023[79]. - Unrealized gain in marketable equity securities for the first nine months of 2024 was $21.8 million, compared to a loss of $10.5 million in 2023[79]. Operational Performance - Income from operations attributable to CompX decreased to $3.3 million in Q3 2024 from $6.6 million in Q3 2023, a decline of 49%[82]. - Income from operations for the first nine months of 2024 was $4.2 million, down 55% from $9.3 million in the same period of 2023[82]. - CompX's income from operations for the first nine months of 2024 was $12.1 million, down from $18.0 million in the same period of 2023, a decline of 32%[85]. Sales and Revenue - Net sales for CompX decreased by $6.7 million in Q3 2024 compared to Q3 2023, primarily due to lower sales in Security Products and Marine Components[87]. - Net sales for the third quarter of 2024 increased by 22%, or $87.8 million, compared to the third quarter of 2023, primarily due to a 21% increase in sales volumes[122]. - Net sales for the first nine months of 2024 increased by 16%, or $197.6 million, compared to the first nine months of 2023, driven by a 26% increase in sales volumes[124]. Cost and Margin Analysis - Gross margin as a percentage of net sales decreased in Q3 2024, primarily due to higher materials and labor costs, as well as decreased coverage of fixed costs[95]. - Cost of sales as a percentage of net sales increased by 3% in Q3 2024 compared to Q3 2023, contributing to the decline in gross margin[88]. - Gross margin for Marine Components decreased by 46% in Q3 2024 compared to Q3 2023[97]. - Gross margin as a percentage of net sales improved to 21% in the third quarter of 2024, up from 9% in the same period of 2023, due to higher sales and production volumes[130]. Corporate Expenses and Dividends - Corporate expenses decreased to $(2.3) million in Q3 2024 from $(3.2) million in Q3 2023, a reduction of 24%[82]. - Corporate expenses in Q3 2024 were $2.3 million, a decrease of $0.9 million from Q3 2023, mainly due to lower litigation and environmental remediation costs[103]. - The company reduced its quarterly dividend from $0.19 per share to $0.05 per share to manage increased debt service costs and working capital needs[152]. - CompX declared a special dividend of $2.00 per share, resulting in a one-time receipt of $21.5 million[174]. Market and Demand Outlook - CompX's Security Products sales are expected to face challenges in 2024 due to the non-recurrence of a significant pilot project with a government security customer, although recurring sales are anticipated to remain strong compared to the previous year[100]. - Marine Components net sales for the full year of 2024 are projected to be lower than in 2023, driven by decreased demand in the towboat market amid a contraction in the recreational marine industry[101]. - Customer demand improved in 2024 compared to 2023, but remains below historical averages, with expectations of further softening in the fourth quarter[150]. - Kronos expects sales volumes in 2024 to exceed those of 2023, despite limited success in implementing TiO2 selling price increases[150]. Capital and Investment - The acquisition of the 50% joint venture interest in Louisiana Pigment Company was completed for $185 million, financed through $132.1 million in borrowings and cash on hand[115]. - Capital expenditures related to CompX were $1.2 million in the first nine months of 2024, up from $0.6 million in the same period of 2023[158]. - Kronos expects to spend $2.1 million on capital investments in 2024 to meet existing customer demand and maintain facilities[171]. Legal and Compliance - The company is subject to potential legal liabilities related to lead pigment and lead-based paint, but no current legislation is expected to materially affect financial position[178]. - The company intends to vigorously defend against claims related to the Gowanus Canal Superfund Site[187]. Miscellaneous - There have been no material changes in contractual obligations since the 2023 Annual Report[177]. - There have been no changes in critical accounting policies during the first nine months of 2024[180]. - The company maintains effective disclosure controls and procedures as of September 30, 2024[182]. - No changes to internal control over financial reporting have materially affected the company during the quarter ended September 30, 2024[185].

NL Industries, Inc. Financial Performance - NL Industries reported a net income attributable to stockholders of $36.0 million, or $0.74 per share, in Q3 2024, compared to a net loss of $0.1 million, or nil per share, in Q3 2023 [1] - For the first nine months of 2024, net income attributable to NL stockholders was $50.7 million, or $1.04 per share, compared to a net loss of $9.9 million, or $0.20 per share, in the same period of 2023 [1] - The results included an unrealized gain of $18.6 million in Q3 2024 related to marketable equity securities, compared to $0.4 million in Q3 2023 [1] CompX Financial Performance - CompX's net sales were $33.6 million in Q3 2024, down from $40.3 million in Q3 2023, and $107.5 million for the first nine months of 2024, compared to $118.1 million in the same prior year period [2] - Income from operations attributable to CompX was $3.3 million in Q3 2024, down from $6.6 million in Q3 2023, and $12.1 million for the first nine months of 2024, compared to $18.0 million in the same period of 2023 [2] Kronos Financial Performance - Kronos recognized equity in earnings of $21.9 million in Q3 2024, compared to losses of $6.2 million in Q3 2023, and $30.4 million in the first nine months of 2024, compared to losses of $13.4 million in the same period of 2023 [3] - Kronos' net sales were $484.7 million in Q3 2024, an increase of $87.8 million, or 22%, compared to Q3 2023, and $1.5 billion for the first nine months of 2024, up $197.6 million, or 16%, from the same period in 2023 [5] - TiO2 sales volumes were 21% higher in Q3 2024 and 26% higher in the first nine months of 2024 compared to the same periods in 2023 [5] Acquisition Impact - Kronos acquired the 50% joint venture interest in Louisiana Pigment Company, L.P. (LPC) on July 16, 2024, which is now a wholly-owned subsidiary [4] - The acquisition resulted in a non-cash gain of $64.5 million associated with the remeasurement of its investment in LPC [4] Production and Cost Efficiency - Kronos' income from operations in Q3 2024 was $38.9 million, compared to a loss of $25.3 million in Q3 2023, and $94.3 million for the first nine months of 2024, compared to a loss of $50.3 million in the same period of 2023 [6] - Production volumes for TiO2 were 37% higher in Q3 2024 and 35% higher in the first nine months of 2024 compared to the same periods in 2023 [6] - Kronos achieved a capacity utilization rate of 93% in the first nine months of 2024, compared to 71% in the same period of 2023 [6] Corporate Expenses and Other Income - Corporate expenses decreased by $0.9 million in Q3 2024 compared to Q3 2023, primarily due to lower litigation and environmental remediation costs [7] - Interest and dividend income increased in Q3 2024 and for the first nine months of 2024 compared to the same periods in 2023, driven by higher average interest rates and investment balances [7]

Core Viewpoint - NL Industries, Inc. has declared a quarterly dividend of $0.08 per share, reflecting the company's ongoing commitment to returning value to shareholders [1] Company Summary - The dividend is payable on December 17, 2024, to shareholders of record as of November 29, 2024 [1] - NL Industries, Inc. operates in the component products sector, specifically in security products and recreational marine components, as well as in the chemicals sector focusing on TiO2 [1]

Financial Performance - NL Industries reported net income attributable to stockholders of $7.9 million, or $0.16 per share, in Q2 2024, compared to a net loss of $3.1 million, or $0.06 per share, in Q2 2023[1]. - For the first six months of 2024, NL Industries reported net income of $14.7 million, or $0.30 per share, compared to a net loss of $9.8 million, or $0.20 per share, in the same period of 2023[1]. - CompX reported net sales of $35.9 million in Q2 2024, a slight decrease from $36.6 million in Q2 2023[2]. - Net sales for the three months ended June 30, 2024, were $35.9 million, a decrease of 4.0% compared to $36.6 million for the same period in 2023[10]. - The company reported a loss of $2.6 million for the three months ended June 30, 2024, compared to a profit of $8.5 million in the same period of 2023[10]. Sales and Operations - Kronos' net sales reached $500.5 million in Q2 2024, a 13% increase from $443.2 million in Q2 2023[3]. - Kronos' TiO2 sales volumes were 29% higher in Q2 2024 compared to Q2 2023, and 28% higher in the first six months of 2024 compared to the same period in 2023[3]. - Kronos' income from operations in Q2 2024 was $35.9 million, compared to a loss of $6.7 million in Q2 2023[4]. - Kronos' production volumes increased by 54% in Q2 2024 compared to Q2 2023, with capacity utilization reaching 99% in Q2 2024[4]. - Total net sales increased by 13% for both the three and six months ended June 30, 2024, compared to the same periods in 2023[12]. - TiO2 sales volume increased by 29% for the three months ended June 30, 2024, compared to the same period in 2023[12]. Expenses and Costs - Corporate expenses increased by $1.3 million in Q2 2024 primarily due to higher environmental remediation costs[5]. - Selling, general, and administrative expenses for the six months ended June 30, 2024, were $12.0 million, up from $11.6 million in the same period of 2023[10]. - Gross margin for the six months ended June 30, 2024, was 20.8%, down from 23.0% in the same period of 2023[10]. Earnings and Losses - Net income attributable to NL stockholders for the three months ended June 30, 2024, was a loss of $3.1 million, compared to a profit of $7.9 million in the same period of 2023[10]. - Equity in earnings (losses) of Kronos Worldwide, Inc. was a loss of $2.6 million for the three months ended June 30, 2024, compared to earnings of $6.0 million in the same period of 2023[10]. - Interest and dividend income for the three months ended June 30, 2024, was $2.1 million, down from $2.6 million in the same period of 2023[10].

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-640 NL INDUSTRIES, INC. (Exact name of Registrant as specified in its charter) New Jersey 13-5267260 (State or other jurisdi ...

Dallas, Texas, Aug. 07, 2024 (GLOBE NEWSWIRE) -- NL Industries, Inc. (NYSE: NL) today announced that its board of directors has declared a special cash dividend of forty-three cents ($0.43) per share and a quarterly dividend of eight cents ($0.08) per share, in each case on its common stock. The special dividend, which is being funded from excess cash flows, is payable on August 29, 2024 to shareholders of record at the close of business on August 19, 2024. The quarterly dividend of $.08 per share is payabl ...

Dallas, Texas, Aug. 07, 2024 (GLOBE NEWSWIRE) -- NL Industries, Inc. (NYSE: NL) today announced that its board of directors has declared a special cash dividend of forty-three cents ($0.43) per share and a quarterly dividend of eight cents ($0.08) per share, in each case on its common stock. The special dividend, which is being funded from excess cash flows, is payable on August 29, 2024 to shareholders of record at the close of business on August 19, 2024. The quarterly dividend of $.08 per share is payabl ...

Dallas, Texas, Aug. 07, 2024 (GLOBE NEWSWIRE) -- NL Industries, Inc. (NYSE: NL) today reported net income attributable to NL stockholders of $7.9 million, or $.16 per share, in the second quarter of 2024 compared to a net loss attributable to NL stockholders of $3.1 million, or $.06 per share, in the second quarter of 2023. NL results include an unrealized gain of $.8 million in the second quarter of 2024 related to the change in value of marketable equity securities compared to an unrealized loss of $5.4 m ...

Dallas, Texas, May 16, 2024 (GLOBE NEWSWIRE) -- NL Industries, Inc. (NYSE: NL) announced that its board of directors has declared a quarterly dividend of eight cents ($0.08) per share on its common stock, payable on June 25, 2024 to shareholders of record at the close of business on June 10, 2024. NL Industries also announced that at its 2024 annual shareholder meeting held today its shareholders had: elected each of Loretta J. Feehan, John E. Harper, Kevin B. Kramer, Meredith W. Mendes, Cecil H. Moore, Jr. ...

NL REPORTS FIRST QUARTER 2024 RESULTS DALLAS, TEXAS – May 8, 2024 – NL Industries, Inc. (NYSE: NL) today reported net income attributable to NL stockholders of $6.8 million, or $.14 per share, in the first quarter of 2024 compared to a net loss attributable to NL stockholders of $6.7 million, or $.14 per share, in the first quarter of 2023. NL results include an unrealized gain of $2.4 million in the first quarter of 2024 related to the change in value of marketable equity securities compared to an unrealiz ...