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NL REPORTS FOURTH QUARTER 2024 RESULTS
NLNL Industries(NL) GlobeNewswire·2025-03-06 21:25

NL Industries, Inc. - NL Industries reported a net income of 16.5million,or16.5 million, or 0.34 per share, in Q4 2024, a significant increase from 7.6million,or7.6 million, or 0.16 per share, in Q4 2023 [1] - For the full year 2024, net income attributable to NL stockholders was 67.2million,or67.2 million, or 1.38 per share, compared to a net loss of 2.3million,or2.3 million, or 0.05 per share, in 2023 [1] - The results for 2024 included an aggregate income of 31.4millionrelatedtoanenvironmentalremediationsettlement[1]CompX−CompX′snetsalesforQ42024were31.4 million related to an environmental remediation settlement [1] CompX - CompX's net sales for Q4 2024 were 38.4 million, down from 43.2millioninQ42023,andforthefullyear2024,netsaleswere43.2 million in Q4 2023, and for the full year 2024, net sales were 145.9 million compared to 161.3millionin2023[2]−ThedecreaseinsaleswasprimarilyduetolowerSecurityProductssalestoagovernmentcustomer,partiallyoffsetbyhigherMarineComponentssales[2]−SegmentprofitforCompXinQ42024was161.3 million in 2023 [2] - The decrease in sales was primarily due to lower Security Products sales to a government customer, partially offset by higher Marine Components sales [2] - Segment profit for CompX in Q4 2024 was 4.9 million, down from 7.4millioninQ42023,andforthefullyear,itwas7.4 million in Q4 2023, and for the full year, it was 17.0 million compared to 25.4millionin2023[2]KronosWorldwide,Inc.−Kronosreportednetsalesof25.4 million in 2023 [2] Kronos Worldwide, Inc. - Kronos reported net sales of 423.1 million in Q4 2024, a 6% increase from Q4 2023, and 1.9billionforthefullyear2024,a131.9 billion for the full year 2024, a 13% increase from 2023 [5] - The increase in sales was driven by higher sales volumes and average selling prices for TiO2 [5] - Kronos' income from operations in Q4 2024 was 28.6 million, compared to a loss of 5.7millioninQ42023,andforthefullyear,itwas5.7 million in Q4 2023, and for the full year, it was 122.9 million compared to a loss of 56.0millionin2023[7]EquityinKronos−NLrecognizedequityinlossesofKronosof56.0 million in 2023 [7] Equity in Kronos - NL recognized equity in losses of Kronos of 4.0 million in Q4 2024, compared to losses of 1.6millioninQ42023,butreportedequityinearningsof1.6 million in Q4 2023, but reported equity in earnings of 26.4 million for the full year 2024, compared to losses of 15.0millionin2023[3][8]−Theequityinearningsfor2024includedanon−cashgainof15.0 million in 2023 [3][8] - The equity in earnings for 2024 included a non-cash gain of 64.5 million related to the acquisition of Louisiana Pigment Company [4] Environmental and Corporate Expenses - NL's corporate expenses in Q4 2024 were comparable to the same period in 2023, while interest and dividend income increased by 1.4millionforthefullyear2024comparedto2023[10]−Thenetincomepershareforthefullyear2024included1.4 million for the full year 2024 compared to 2023 [10] - The net income per share for the full year 2024 included 1.4 million related to insurance recoveries [11]