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) has declared a quarterly dividend of $0.08 per share, payable on December 17, 2020, to stockholders of record as of December 1, 2020. The company operates in various sectors, including titanium dioxide products, security products, and real estate management.
Valhi reported a net income of $15.4 million in Q3 2020, up from $13.1 million in Q3 2019. Year-to-date, net income is $30.7 million, down from $38.5 million in 2019. The Chemicals Segment saw a drop in net sales to $416.9 million from $437.4 million a year earlier, reflecting lowered TiO2 selling prices and sales volumes due to the COVID-19 pandemic. The Component Products Segment experienced reduced sales of $28.4 million, while the Real Estate Segment improved to $13.3 million in sales. The company's results continue to be influenced by the pandemic's impact on operations.
Valhi, Inc. (NYSE: VHI) has declared a quarterly dividend of $0.08 per share on its common stock, set for payment on September 17, 2020. Stockholders must be on record by the close of business on September 1, 2020. Valhi operates in various industries, including titanium dioxide products, component products, and real estate management.
Valhi reported a net loss of $9.1 million, or $0.32 per diluted share, for Q2 2020, contrasting with a net income of $7.1 million, or $0.25 per diluted share, in Q2 2019. For the first half of 2020, net income was $15.3 million compared to $25.3 million a year earlier. The decline is attributed to lower operating results across all segments and a higher effective income tax rate. The Chemicals Segment saw net sales drop from $484.5 million in Q2 2019 to $386.0 million in Q2 2020, driven by a 22% decrease in TiO2 sales volumes due to COVID-19 impacts.
Valhi, Inc. (NYSE: VHI) announced a 1-for-12 reverse stock split approved by shareholders at its annual meeting on May 28, 2020. This measure, effective June 1, aims to reduce NYSE listing fees and ensure compliance with share price rules after a deficiency notice. Additionally, a quarterly dividend of $0.08 per share was declared, payable on June 25, 2020, to shareholders of record on June 16. Stockholders also elected directors and approved executive compensation for the upcoming year.