Valhi, Inc. filed a Form 8-K announcing two items: it furnished a press release titled “Valhi Reports Third Quarter 2025 Results” and a separate press release titled “Valhi Declares Quarterly Dividend,” both issued on November 6, 2025. The company attached these releases as exhibits and stated they are furnished, not filed, under the Exchange Act.
Valhi, Inc. reported a swing to a quarterly loss as markets softened and costs rose. For the quarter ended September 30, 2025, total revenues and other income were $524.1 million (down from $558.8 million), and the company posted a net loss of $21.9 million versus net income of $85.6 million a year ago. Net sales were $503.5 million, with Chemicals lower and Component Products higher.
Year-to-date, revenues were $1.635 billion and net income was $8.4 million. Operating cash flow was $(136.1) million, driven by working capital outflows and $56.5 million of environmental payments. Cash and restricted cash ended at $223.9 million, and total debt increased to $662.3 million, largely from Kronos’ additional €75 million 9.50% notes due 2029 and Global Revolver usage.
Segment trends were mixed: Chemicals recorded an operating loss in the quarter, while Component Products improved and Real Estate delivered solid income supported by $34.5 million in infrastructure reimbursement year-to-date. The environmental accrual decreased to $18.1 million after payments. The quarterly dividend remained $0.08 per share, and shares outstanding were 28,302,293 as of November 3, 2025.
Valhi, Inc. filed a Form 8-K to report information by reference to a separate filing made by its affiliate, Kronos Worldwide, Inc. The company states that the information disclosed by Kronos Worldwide under Items 1.01 and 2.03 of its Form 8-K dated September 15, 2025 is incorporated into Valhi’s report.
Exhibits listed include a Third Supplemental Indenture dated September 15, 2025 among Kronos International, Inc., certain guarantors, and Deutsche Bank Trust Company Americas, and an Additional Notes Priority Joinder Agreement dated the same day with Deutsche Bank Trust Company Americas as trustee and collateral agent. These documents, which relate to Kronos Worldwide’s debt arrangements, are incorporated by reference rather than reproduced in full.