secwatch.observer — SEC 8-K summary
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Issuer:     VALHI INC /DE/ (VHI)
CIK:        0000059255
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0000059255-22-000080
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Valhi reports Q3 net income down 33% to $26.2M; Basic Water Co. bankruptcy on Lake Mead water shortage
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/59255/000005925522000080/0000059255-22-000080-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/59255/000005925522000080/vhl-20221103x8k.htm
  HTML page:      https://secwatch.observer/filing/0000059255-22-000080

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