Valhi posts Q2 net loss of $0.18/sh vs year-ago profit; TiO2 volumes down 26%

VALHI INC /DE/

2023-Q2 EPS reported -$0.35 revenue$999,800,000

Net loss attributable to stockholders of $5.1M ($0.18/sh) in Q2 2023 vs net income of $28.0M ($0.98/sh) in Q2 2022.
Chemicals segment net sales fell 22% to $443.2M; operating loss of $2.6M vs prior-year operating income of $69.2M.
TiO2 sales volumes down 26% YoY; production curtailments drove 64% capacity utilization in Q2 2023.
Declared regular quarterly dividend of $0.08/sh, payable Sept 21, 2023 to holders of record Sept 1, 2023.
Second quarter includes $3.8M non-cash loss from UK pension plan termination and $1.1M land sale gain.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

VALHI INC /DE/ reported the first six months of 2023 results: net income $10.0 million, EPS $.35 per share.

Period: the first six months of 2023
Net income: $10.0 million
EPS: $.35 per share
Result: reported results

Exact text from the filing

For the first six months of 2023, Valhi reported a net loss attributable to Valhi stockholders of $10.0 million, or $.35 per share, compared to net income of $73.4 million, or $2.57 per share, in the first six months of 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

VALHI INC /DE/ reported the second quarter of 2023 results: net income $5.1 million, EPS $.18 per share.

Period: the second quarter of 2023
Net income: $5.1 million
EPS: $.18 per share
Result: reported results

Exact text from the filing

Valhi, Inc. (NYSE: VHI) reported a net loss attributable to Valhi stockholders of $5.1 million, or $.18 per share, in the second quarter of 2023 compared to net income of $28.0 million, or $.98 per share, in the second quarter of 2022.

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Source: SEC EDGAR

accession 0000059255-23-000056

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