Valhi Q1 net income $7.8M, vs loss $4.9M; Chemicals segment drives swing

VALHI INC /DE/

2024-Q1 EPS reported $0.27 revenue$530,600,000

Net income $7.8M ($0.27 per share) vs net loss $4.9M ($0.17 per share) in Q1 2023.
Chemicals Segment net sales $478.8M (+12% YoY) on 28% higher TiO2 volumes but 11% lower avg. selling prices.
Chemicals operating income $22.8M vs. operating loss $15.1M in Q1 2023; capacity utilization rose to 87%.
Component Products net sales down to $38.0M, operating income $3.7M (vs. $7.0M) on weak marine components.
Interest expense up $4.3M due to higher rates on refinanced debt; $1.5M write-off of deferred financing costs.

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 0.95

VALHI INC /DE/ reported first quarter of 2024 results: net income $7.8 million, EPS $.27.

Period: first quarter of 2024
Net income: $7.8 million
EPS: $.27
Result: reported results

Exact text from the filing

Valhi, Inc. (NYSE: VHI) reported net income attributable to Valhi stockholders of $7.8 million, or $.27 per share, in the first quarter of 2024 compared to a net loss attributable to Valhi stockholders of $4.9 million, or $.17 per share, in the first quarter of 2023.

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Source: SEC EDGAR

accession 0000059255-24-000037

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