NL REPORTS FOURTH QUARTER 2024 RESULTS

NL Industries, Inc. - NL Industries reported a net income of $16.5 million, or $0.34 per share, in Q4 2024, a significant increase from $7.6 million, or $0.16 per share, in Q4 2023 [1] - For the full year 2024, net income attributable to NL stockholders was $67.2 million, or $1.38 per share, compared to a net loss of $2.3 million, or $0.05 per share, in 2023 [1] - The results for 2024 included an aggregate income of $31.4 million related to an environmental remediation settlement [1] CompX - CompX's net sales for Q4 2024 were $38.4 million, down from $43.2 million in Q4 2023, and for the full year 2024, net sales were $145.9 million compared to $161.3 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 $7.4 million in Q4 2023, and for the full year, it was $17.0 million compared to $25.4 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 $1.9 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 $5.7 million in Q4 2023, and for the full year, it was $122.9 million compared to a loss of $56.0 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 $1.6 million in Q4 2023, but reported equity in earnings of $26.4 million for the full year 2024, compared to losses of $15.0 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 $1.4 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]