Valhi swings to Q3 net income of $57.5M ($2.01/sh) vs year-ago loss; declares $0.08 dividend

VALHI INC /DE/

2024-Q3 EPS reported $2.99 revenue$1,623,900,000

Net income attributable to Valhi stockholders of $57.5M ($2.01/sh) in Q3 2024, vs net loss of $5.8M (-$0.21/sh) in Q3 2023.
Chemicals Segment net sales rose 22% to $484.7M; TiO2 sales volumes up 21% YoY.
Non-cash gain of $64.5M ($1.18/sh net) from remeasurement of LPC investment after acquiring the 50% joint venture interest.
Quarterly dividend declared: $0.08/share, payable Dec 19, 2024 to holders of record Nov 29, 2024.
Chemicals Segment closed its Canadian sulfate process line, recording ~$4M in accelerated depreciation in Q3.

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