8-K
filed November 3, 2022, 7:59 PM ET
ticker VHI
CIK 0000059255
earnings
confidence high
sentiment negative
materiality 0.70
Valhi reports Q3 net income down 33% to $26.2M; Basic Water Co. bankruptcy on Lake Mead water shortage
VALHI INC /DE/
2022-Q3 EPS reported
$3.49
revenue$1,819,900,000
- Q3 2022 net income $26.2M ($0.92/share) vs $39.0M ($1.36) in Q3 2021, down 33%.
- Chemicals segment operating income fell to $34.3M from $60.3M; sales volumes -20%, prices +21%.
- Subsidiary Basic Water Co. filed Chapter 11 bankruptcy Sep 10 due to low Lake Mead; charges of $19.7M in 2022.
- Component Products segment net sales up 24% to $42.9M; operating income $6.0M vs $5.1M.
- Quarterly dividend of $0.08 per share declared, payable Dec 22 to holders of record Dec 1.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
VALHI INC /DE/ reported third quarter of 2022 results: net income $26.2 million, or $.92 per share.
- Period
- third quarter of 2022
- Net income
- $26.2 million, or $.92 per share
- Result
- reported results
Exact text from the filing
Valhi, Inc. (NYSE: VHI) reported net income attributable to Valhi stockholders of $26.2 million, or $.92 per share, in the third quarter of 2022
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
VALHI INC /DE/ reported first nine months of 2021 results: net income $75.2 million, or $2.64 per share.
- Period
- first nine months of 2021
- Net income
- $75.2 million, or $2.64 per share
- Result
- reported results
Exact text from the filing
compared to net income of $75.2 million, or $2.64 per share in the first nine months of 2021
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
VALHI INC /DE/ reported third quarter of 2021 results: net income $39.0 million, or $1.36 per share.
- Period
- third quarter of 2021
- Net income
- $39.0 million, or $1.36 per share
- Result
- reported results
Exact text from the filing
compared to $39.0 million, or $1.36 per share, in the third quarter of 2021
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
VALHI INC /DE/ reported first nine months of 2022 results: net income $99.6 million, or $3.49 per share.
- Period
- first nine months of 2022
- Net income
- $99.6 million, or $3.49 per share
- Result
- reported results
Exact text from the filing
For the first nine months of 2022, Valhi reported net income attributable to Valhi stockholders of $99.6 million, or $3.49 per share
View on SEC.gov
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