NL REPORTS FIRST QUARTER 2024 RESULTS

Dallas, Texas, May 08, 2024 (GLOBE NEWSWIRE) -- 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 unrealized loss of $5.5 million in the first quarter of 2023.

CompX net sales were $38.0 million in the first quarter of 2024 compared to $41.2 million in the first quarter of 2023. CompX net sales decreased due to lower Marine Components sales primarily to the towboat market, partially offset by higher Security Products to the government security market. Income from operations attributable to CompX decreased to $3.7 million in the first quarter of 2024 compared to $7.0 million in the first quarter of 2023 predominantly due to lower Marine Components sales and gross margin.