Net income falls 88% to $2.0M as below-the-line costs offset weaker Chemicals operations

Filed May 7, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 8, 2025 · ~2 min read

Key Changes

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  Net income fell 88% to $2.0M ($0.07/share) vs $16.9M ($0.59/share) prior year, driven by Chemicals operating income down 65% to $14.5M and net below-the-line costs increasing $14.9M (income tax +$1.7M, non-operating/other +$0.5M, noncontrolling interest +$0.1M partially offset operating income decline).

  MD&A: Net Income & Below-the-Line verify on EDGAR →
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  Chemicals gross margin compressed to 16% from 22% as TiO2 average selling prices fell 6% year-over-year, more than offsetting 4% higher sales volumes and lower production costs following Q4 2025 workforce reductions.

  MD&A: Chemicals Segment verify on EDGAR →
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  New litigation: NL served in March 2026 with Columbus lead service line lawsuit seeking recovery of replacement and water treatment costs under public nuisance and civil conspiracy theories; CompX defending four PFAS cases filed by South Carolina water companies.

  Legal Proceedings verify on EDGAR →