NLI REPORTS THIRD QUARTER 2026 RESULTS

(NYSE:NL) NLI Holdings, Inc. reported net income attributable to NLI stockholders of $12.7 million, or $.26 per share, in the third quarter of 2026, compared to a net loss of $7.8 million, or $.16 per share, in the third quarter of 2025. For the first nine months of 2026, NLI reported net income attributable to NLI stockholders of $26.0 million, or $.53 per share, compared to a net loss of $6.8 million, or $.14 per share, for the first nine months of 2025. NLI’s results include an unrealized gain of $.9 million in the third quarter of 2026 related to the change in value of marketable equity securities, compared to an unrealized loss of $.5 million in the third quarter of 2025. For the first nine months of 2026, NLI’s results include an unrealized gain of $4.0 million related to marketable equity securities, compared to an unrealized loss of $9.1 million in the first nine months of 2025. CompX’s net sales were $44.0 million for the third quarter of 2026 compared to $40.0 million in the third quarter of 2025, and $128.2 million for the first nine months of 2026 compared to $120.6 million for the same prior year period. CompX’s segment profit was $6.4 million for the third quarter of 2026 compared to $4.8 million for the third quarter of 2025, and $22.4 million for the first nine months of 2026 compared to $17.0 million for the same prior year period. NLI recognized equity in earnings of Kronos of $10.6 million in the third quarter of 2026 compared to equity in losses of $11.3 million in the third quarter of 2025, and equity in earnings of $13.8 million in the first nine months of 2026 compared to equity in losses of $8.6 million in the same period of 2025. Kronos’ net sales were $541.1 million in the third quarter of 2026, $84.2 million or 18% higher than in the third quarter of 2025, and $1.6 billion in the first nine months of 2026, $167.9 million or 12% higher than the first nine months of 2025. Kronos’ income from operations in the third quarter of 2026 was $57.9 million compared to a loss of $19.2 million in the third quarter of 2025, and $108.1 million for the first nine months of 2026 compared to $26.6 million in the first nine months of 2025. Kronos’ average TiO2 selling prices increased 11% during the first nine months of 2026, with average TiO2 selling prices for the first nine months of 2026 being 1% lower than the corresponding period of 2025, and 5% higher in the third quarter of 2026 compared to the third quarter of 2025. Fluctuations in currency exchange rates decreased Kronos’ income from operations by approximately $5 million in the third quarter of 2026 and approximately $23 million in the first nine months of 2026 compared to the same prior year periods. Corporate expenses increased $.2 million in the third quarter of 2026 compared to the third quarter of 2025, and decreased $.2 million in the first nine months of 2026 compared to the same period of 2025. Net income attributable to NLI stockholders for the third quarter and the first nine months of 2026 includes income of $3.7 million ($2.9 million, or $.06 per share, net of tax) due to Kronos’ non-cash deferred income tax benefit related to proposed currency regulations under §987 released in August 2026. Net income attributable to NLI stockholders for the first nine months of 2026 includes expense of $.6 million ($.5 million, or $.01 per share, net of tax) related to Kronos’ recognition of an uncertain tax position related to a German tax audit. Net loss attributable to NLI stockholders for the third quarter and the first nine months of 2025 includes expense of $5.9 million ($4.7 million, or $.10 per share, net of tax) related to Kronos’ non-cash deferred income tax expense reflecting the impact of the rate reduction on its net German deferred tax asset, and income of $1.1 million ($.9 million, or $.02 per share, net of tax) due to Kronos’ recognition of a non-cash gain resulting from the remeasurement of its earn-out liability related to its 2024 acquisition of the remaining ownership interest in Louisiana Pigment Company, L.P. CompX’s net sales increases were primarily due to higher Marine Components sales to the towboat and industrial markets, and higher Security Products sales to the healthcare and tool storage markets. Kronos’ net sales increases were primarily due to market share gains in its European and North American markets, the effect of anti-dumping duties, changing supply conditions, higher average TiO2 selling prices, and changes in currency exchange rates, which increased net sales by approximately $39 million in the first nine months of 2026. Kronos’ income from operations increased due to higher sales volumes, higher production rates, reduced unabsorbed fixed production costs, lower raw material costs, and cost reduction initiatives implemented in the fourth quarter of 2025, partially offset by higher energy and distribution costs and unfavorable currency exchange rate impacts.

NLI HOLDINGS ANNOUNCES QUARTERLY DIVIDEND FOR THE FOURTH QUARTER OF 2026 AT $.10 PER SHARE

(NYSE:NL) NLI Holdings, Inc. announced that its board of directors has declared a quarterly dividend of ten cents ($0.10) per share on its common stock. The dividend will be payable on December 15, 2026. Stockholders of record at the close of business on November 19, 2026 will be eligible to receive the dividend. The announcement was made following a board meeting. The dividend applies to all outstanding shares of common stock as of the record date. The company provided the exact amount of the dividend as $0.10 per share. The payment date and record date were both specified in the announcement. The declaration of the dividend reflects the board's decision regarding capital returns to shareholders. No additional financial or operational figures were disclosed in this announcement. The notice did not mention any changes to the dividend policy or future dividend expectations. No executive quotes or further commentary were included in the release. The announcement did not reference any counterparties, projects, or legal proceedings. The company did not disclose any other material events or updates in this release.

NL REPORTS FIRST QUARTER 2026 RESULTS

NL Industries, Inc. (NYSE: NL) reported net income attributable to NL stockholders of $4.3 million, or $.09 per share, in the first quarter of 2026, up from $.7 million, or $.01 per share, in the first quarter of 2025. The results include an unrealized gain of $2.7 million in the first quarter of 2026 compared to an $8.5 million unrealized loss in the same period of 2025 related to marketable equity securities. CompX’s net sales increased to $40.6 million in the first quarter of 2026 from $40.3 million in 2025, and segment profit rose to $7.1 million from $5.9 million. Kronos’ net sales were $509.8 million in the first quarter of 2026, $20.0 million (4%) higher than in 2025, but income from operations decreased to $12.6 million from $38.4 million. These results matter to investors as they reflect improved profitability for NL and CompX, but lower operating income for Kronos despite higher sales.