earnings
confidence high
sentiment neutral
materiality 0.65
NL Industries Q4 net income $16.5M ($0.34/sh) up from $7.6M; FY24 EPS $1.38 vs -$0.05
NL INDUSTRIES INC
- Q4 net income includes $24.8M net tax benefit from environmental remediation settlement; core earnings lower.
- CompX Q4 sales $38.4M, down 11% YoY; segment profit $4.9M, down 34% YoY due to lower Security Products sales.
- Kronos equity loss $4.0M in Q4 vs loss $1.6M; FY24 equity earnings $26.4M vs loss $15.0M.
- Kronos Q4 sales $423.1M, +6% YoY; full year $1.9B, +13%; production capacity utilization improved to 96% from 72%.
- Full year includes $9.8M unrealized gain on marketable securities vs $8.1M loss in 2023.