Valhi reports Q1 2023 net loss of $4.9M vs net income $45.4M in Q1 2022

VALHI INC /DE/

2023-Q1 EPS reported -$0.17 revenue$492,700,000

Net loss of $4.9M ($0.17/sh) vs net income of $45.4M ($1.59/sh) in Q1 2022.
Chemicals Segment net sales fell to $426.3M from $562.9M; TiO2 sales volumes down 29%, partially offset by 4% higher average prices.
Chemicals Segment operating loss of $15.1M vs operating income of $86.4M; $22M in unabsorbed fixed costs from production curtailments.
Component Products net sales $41.2M (down slightly); operating income $7.0M (up from $6.3M) on higher marine component margins.
Interest income increased to $4.9M from $0.9M due to higher interest rates and investment balances.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

VALHI INC /DE/ reported the first quarter of 2022 results: revenue $562.9 million, net income net income of $45.4 million, EPS $1.59 per share.

Period: the first quarter of 2022
Revenue: $562.9 million
Net income: net income of $45.4 million
EPS: $1.59 per share
Result: reported results

Exact text from the filing

of 2022 primarily due to lower operating results from our Chemicals Segment. The Chemicals Segment’s net sales were $426.3 million in the first quarter of 2023 compared to $562.9 million in the first quarter of 2022. The Chemicals Segment’s net sales comparisons were impacted by the net effects of lower sales volumes in all major markets, partially offset by

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

VALHI INC /DE/ reported the first quarter of 2023 results: revenue $426.3 million, net income net loss attributable to Valhi stockholders of $4.9 million, EPS $.17 per share.

Period: the first quarter of 2023
Revenue: $426.3 million
Net income: net loss attributable to Valhi stockholders of $4.9 million
EPS: $.17 per share
Result: reported results

Exact text from the filing

in the first quarter of 2023 compared to the first quarter of 2022 primarily due to lower operating results from our Chemicals Segment. The Chemicals Segment’s net sales were $426.3 million in the first quarter of 2023 compared to $562.9 million in the first quarter of 2022. The Chemicals Segment’s net sales comparisons were impacted by the net effects of lower

View on SEC.gov

Browse all earnings releases →

VALHI INC /DE/ filing history →

Source: SEC EDGAR

accession 0000059255-23-000041

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.