Valhi, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024
May 10, 2024 at 12:46 am EDT
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Valhi, Inc. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was USD 530.6 million compared to USD 492.7 million a year ago. Revenue was USD 542.8 million compared to USD 505.8 million a year ago.
Net income was USD 7.8 million compared to net loss of USD 4.9 million a year ago. Basic earnings per share from continuing operations was USD 0.27 compared to basic loss per share from continuing operations of USD 0.17 a year ago. Diluted earnings per share from continuing operations was USD 0.27 compared to diluted loss per share from continuing operations of USD 0.17 a year ago.
Valhi, Inc. is primarily a holding company, which operates through its subsidiaries, NL Industries, Inc., Kronos Worldwide, Inc., CompX International Inc., BasicManagement, Inc. and The LandWell Company. Its segments include Chemicals, Component Products, and Real Estate Management and Development. Chemicals segment produces and markets value-added titanium dioxide pigments. Component Products segment manufactures security products used in the postal, recreational transportation, office and institutional furniture, cabinetry, tool storage, healthcare and a variety of other industries. The segment also a manufacture wake enhancement system, stainless steel exhaust systems, gauges, throttle controls, trim tabs and related hardware and accessories for the recreational marine industry. Real Estate Management and Development segment owns real property in Henderson, Nevada. The segment develops certain land holdings for commercial, industrial and residential purposes in Henderson, Nevada.
VALHI, INC. 
