earnings
confidence high
sentiment positive
materiality 0.75
Valhi Q2 net income $19.9M ($0.70 EPS) vs loss of $3.2M; declares $0.08 dividend
VALHI INC /DE/
2024-Q2 EPS reported
$0.97
revenue$1,090,300,000
- Q2 net income $19.9M ($0.70 EPS) vs loss $3.2M ($0.11) in Q2 2023; H1 net income $27.7M ($0.97) vs loss $9.0M ($0.31).
- Chemicals segment net sales $500.5M (+13% YoY); operating income $40.5M vs loss $2.6M on higher TiO2 volumes (+29%) and lower costs.
- TiO2 production capacity utilization rose to 99% in Q2 2024 from 64% in Q2 2023; unabsorbed fixed costs dropped to $12M from $54M H1.
- Component Products sales $35.9M (flat), op. income $5.1M vs $4.4M; Real Estate sales down to $23.3M.
- Board declared regular quarterly dividend of $0.08/share, payable Sept 26, 2024 to holders of record Sept 6.