earnings
confidence high
sentiment positive
materiality 0.75
Valhi reports Q2 net income $28.0M ($0.98 EPS); declares $0.08 dividend
VALHI INC /DE/
2022-Q2 EPS reported
$2.57
revenue$1,263,600,000
- Net income $28.0M ($0.98 diluted EPS) vs $21.4M ($0.75) in Q2 2021; H1 net income $73.4M ($2.57) vs $36.2M ($1.27).
- Chemicals segment net sales $565.3M, up 18% YoY; operating income $69.2M, up 46%; avg TiO2 prices +26% YoY.
- Real Estate segment recorded $16.0M impairment on water delivery system due to low Lake Mead levels.
- Component Products segment sales $41.6M, up 15%; operating income $7.7M, up 33%.
- Regular quarterly dividend of $0.08/share declared, payable Sep 22, 2022 to holders of record Sep 1, 2022.