Welcome to our dedicated page for Valhi news (Ticker: VHI), a resource for investors and traders seeking the latest updates and insights on Valhi stock.
Valhi, Inc. reports developments for a diversified holding company engaged in chemicals, component products, and real estate management and development. Its largest recurring operating focus is the Chemicals segment, which produces and markets value-added titanium dioxide pigments, or TiO2, used in paints, plastics, paper, fibers, and ceramics.
Company updates commonly cover quarterly earnings, segment operating results, TiO2 sales volumes and selling prices, currency effects, tax items, environmental remediation matters, and regular common-stock dividends. News also reflects performance in component products, including security products and recreational marine components, and activity in real estate management and development.
Valhi, Inc. (NYSE: VHI) reported net income of $19.9 million, or $.70 per share, in Q2 2024, compared to a net loss of $3.2 million in Q2 2023. For H1 2024, net income was $27.7 million, up from a $9.0 million loss in H1 2023. The improvement was primarily due to higher operating results from the Chemicals Segment.
The Chemicals Segment's net sales increased 13% to $500.5 million in Q2 2024, driven by 29% higher TiO2 sales volumes, partially offset by lower average selling prices. Operating income for the segment was $40.5 million in Q2 2024, compared to a $2.6 million loss in Q2 2023.
The Component Products Segment saw a slight decrease in net sales, while the Real Estate Management and Development Segment experienced lower sales due to delays in obtaining city permits.
On May 23, 2024, Valhi (NYSE: VHI) announced its board approved a quarterly dividend of $0.08 per share, payable on June 27, 2024, to shareholders of record on June 10, 2024.
At the same time, the company held its annual stockholder meeting, where shareholders elected seven directors for a one-year term and approved executive compensation on a nonbinding advisory basis. The directors elected include Thomas E. Barry, Loretta J. Feehan, Terri L. Herrington, W. Hayden McIlroy, Gina A. Norris, Michael S. Simmons, and Mary A. Tidlund.
Valhi operates in the chemicals, component products, and real estate management and development sectors.
Valhi, Inc. (NYSE: VHI) reported net income of $7.8 million in Q1 2024 compared to a loss of $4.9 million in Q1 2023. The Chemicals Segment's sales increased by 12% due to higher demand for TiO2, despite lower selling prices. The Component Products Segment saw a decrease in sales, while the Real Estate Segment experienced lower land sales revenue. Overall, operating income improved for the Chemicals Segment but decreased for the other segments.
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