NL Industries, Inc.

NL Industries, Inc. reported a net loss attributable to stockholders of $37.8 million for fiscal year 2025, driven by a significant $33.9 million equity loss from its investment in Kronos Worldwide, Inc. and a $19.7 million settlement loss on pension plan termination. The company generated $158.3 million in net sales with a gross margin of $48.2 million, resulting in operating income of $10.7 million. However, these operating profits were overwhelmed by investment losses and pension settlement costs. Cash flow from operations was negative $36.4 million, primarily due to the net loss and a $56.2 million reduction in accrued environmental remediation liabilities. The company paid $27.9 million in dividends to stockholders despite the net loss, reducing cash reserves. Total assets stood at $464.2 million with stockholders' equity of $358.8 million, though accumulated other comprehensive loss of $196.1 million significantly impacted equity. The company maintains $110.6 million in cash and cash equivalents, providing liquidity amid challenging operating results.

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