NL REPORTS FOURTH QUARTER 2024 RESULTS
NL Industries Financial Performance: NL Industries reported a significant increase in net income for the fourth quarter of 2024, reaching $16.5 million ($0.34 per share), compared to $7.6 million ($0.16 per share) in the same quarter of 2023. For the full year, net income was $67.2 million, a turnaround from a loss of $2.3 million in 2023, largely due to an environmental remediation settlement.
Kronos Sales and Operations: Kronos Worldwide saw a 6% increase in net sales for the fourth quarter of 2024 compared to the previous year, driven by higher TiO2 sales volumes and prices. The company also reported a substantial improvement in income from operations, rising to $28.6 million from a loss of $5.7 million in Q4 2023, attributed to increased production and lower costs.
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