NL PRESS-RELEASE SEC Filing Analysis

Final — all horizons settled through T+60d

NL ▲ +1.87% at T+60d

SHORT call ✗ call lost -1.87% · α vs SPY +9.81% · entry $5.88 → $5.99

Currently $5.97 · -1.53% from $5.88 entry (call sign-flipped)

Entry anchored
Mar 9, 03:59 PM ET
via Databento tick

T+1d

-0.68%

call +0.68% · α +0.58%

$5.84

settled 3mo ago

T+5d

-2.89%

call +2.89% · α +1.99%

$5.71

settled 3mo ago

T+20d

-0.17%

call +0.17% · α +0.01%

$5.87

settled 2mo ago

T+60d

+1.87%

call -1.87% · α +9.81%

$5.99

settled 7d ago

Price Chart

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Executive Summary

NL Industries reported a significant net loss of $31.0 million in Q4 2025, reversing from a $16.5 million profit in the same quarter of 2024, driven by a $19.7 million pension plan termination loss and sharply higher equity losses from Kronos. Full-year 2025 net loss was $37.8 million versus a $67.2 million profit in 2024. While CompX showed modest sales and profit growth, Kronos suffered from lower TiO2 prices and production inefficiencies, with operating losses widening dramatically.

Key Financial Metrics

Revenue

$37.7M

-1.8% YoY

EPS

$-0.63

Actionable Insight

Traders should monitor Kronos' ability to stabilize TiO2 pricing and improve production utilization. The sharp deterioration in Kronos' performance is a major drag on NL, and any further weakness in European or global demand could exacerbate losses. The pension charge is non-recurring, but structural issues in the TiO2 business remain concerning.

Key Facts

NL reported a net loss of $31.0 million in Q4 2025 vs. net income of $16.5 million in Q4 2024
Full-year 2025 net loss was $37.8 million vs. $67.2 million net income in 2024
CompX segment profit increased to $5.6M in Q4 2025 from $4.9M in Q4 2024
NL's equity in Kronos losses widened to $25.3M in Q4 2025 from $4.0M in Q4 2024
Kronos' Q4 2025 operating loss was $63.1M vs. $28.6M operating income in Q4 2024
Kronos' average TiO2 selling prices were 8% lower YoY in Q4 2025 and 4% lower for full-year 2025
Kronos operated at 55% capacity in Q4 2025 and 77% for full-year 2025 vs. 96% in 2024
A $19.7 million loss was recognized from the termination of NL's U.S. pension plan

Financial Impact

Net loss of $31.0 million in Q4 2025 (vs. $16.5M profit YoY); full-year loss of $37.8M (vs. $67.2M profit). Kronos contributed $25.3M in equity losses in Q4 alone.

net incomeepsoperating incomeequity earningssegment profit

Risk Factors

Continued weakness in TiO2 pricing and demand
Further production curtailments at Kronos facilities
Currency volatility (euro exposure)
Regulatory or environmental liabilities

Market Snapshot

Exchange

NYSE

Documents Analyzed

This report is based on 1 press release from GlobeNewswire.

Document	Accession Number
PRESS-RELEASE Data (Synthetic)	press-3252321

4 reports for NL

T+1T+5T+20T+60

Filters

Reports for NL — sortable, filterable
	Type				Now
May 26, 2026 14d ago	8-K NEUTRAL ★ 3/10	$8.38 $5.89	▼ −29.69%	▼ −30.16%	$5.97 (−28.74%)
May 14, 2026 26d ago	8-K NEUTRAL ★ 3/10	$7.48 $6.93	▼ −7.36%	▼ −8.32%	$5.97 (−20.22%)
Mar 25, 2026 10w ago	DEFA14A NEUTRAL ★ 4/10	$5.95 $5.76	▼ −3.19%	▼ −4.83%	$5.97 (+0.34%)
Mar 9, 2026 13w ago	Press Release BEARISH ★ 8/10	$5.88 $5.71	▲ +2.89%	▲ +1.99%	$5.97 (−1.53%)

US Market Status

Market Closed — Opens Thu (11h)

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