---
schema_version: "secwatch.filing_event.v1"
accession: "0000059255-23-000041"
form_type: "8-K"
ticker: "VHI"
cik: "0000059255"
company_name: "VALHI INC /DE/"
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T23:21:05.219007+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000059255-23-000041
- form_type: 8-K
- ticker: VHI
- cik: 0000059255
- company_name: VALHI INC /DE/
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/59255/000005925523000041/0000059255-23-000041-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/59255/000005925523000041/vhl-20230504x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000059255-23-000041
- JSON: https://secwatch.observer/filing/0000059255-23-000041.json
- Plain text: https://secwatch.observer/filing/0000059255-23-000041.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/59255/000005925523000041/0000059255-23-000041-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/59255/000005925523000041/0000059255-23-000041-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.