as of 11-06-2026 11:27am EST
Valhi Inc is a holding company that provides chemicals, security products, waste management systems, and real estate development and management services through its subsidiaries. It operates its business in three segments, which are Chemicals, Component Products, and Real Estate Management and Development. The company derives maximum revenue from the Chemicals segment, which produces and markets value-added titanium dioxide pigments (TiO2). TiO2 is used to impart whiteness, brightness, opacity, and durability to various products, including paints, plastics, paper, fibers, and ceramics. Geographically, the company generates maximum revenue from the United States and also has a presence in Germany, Canada, Norway, and Belgium.
| Founded: | 1932 | Country: | United States |
| Employees: | N/A | City: | DALLAS |
| Market Cap: | 448.3M | IPO Year: | 1994 |
| Target Price: | N/A | AVG Volume (30 days): | 6.6K |
| Analyst Decision: | N/A | Number of Analysts: | N/A |
| Dividend Yield: | Dividend Payout Frequency: | semi-annual | |
| EPS: | 1.91 | EPS Growth: | -153.30 |
| 52 Week Low/High: | $11.44 - $19.19 | Next Earning Date: | 11-05-2026 |
| Revenue: | $2,077,000,000 | Revenue Growth: | -1.32% |
| Revenue Growth (this year): | N/A | Revenue Growth (next year): | N/A |
| P/E Ratio: | 17.89 | Index: | |
| Free Cash Flow: | -82100000.0 | FCF Growth: | N/A |
SEC 8-K filings with transcript text
Nov 5, 2026 · 100% conf.
1D
-2.21%
$14.22
5D
-12.67%
$12.70
20D
-15.32%
$12.32
2 vhl-ex99d1.htm
DALLAS, TEXAS . . November 5, 2026. Valhi, Inc. (NYSE: VHI) reported net income attributable to Valhi stockholders of $30.2 million, or $1.06 per share, in the third quarter of 2026 compared to a net loss of $22.2 million, or $.78 per share, in the third quarter of 2025. For the first nine months of 2026, Valhi reported net income attributable to Valhi stockholders of $54.5 million, or $1.91 per share, compared to a net loss of $4.4 million, or $.15 per share, in the first nine months of 2025. Net income attributable to Valhi stockholders increased in the third quarter of 2026 as compared to the same period of 2025 primarily due to higher operating income from our Chemicals Segment partially offset by lower operating income from our Real Estate Management and Development Segment. Net income attributable to Valhi stockholders increased in the first nine months of 2026 as compared to the same period of 2025 primarily due to higher operating income from our Chemicals Segment.
The Chemicals Segment’s net sales of $541.1 million in the third quarter of 2026 were $84.2 million, or 18%, higher than in the third quarter of 2025, and net sales of $1.6 billion in the first nine months of 2026 were $167.9 million, or 12%, higher than in the first nine months of 2025. The Chemicals Segment’s net sales increased in the third quarter of 2026 compared to the same period of 2025 primarily due to market share gains in its European and North American markets, reflecting the effect of anti-dumping duties that remain in effect in certain markets and changing supply conditions, and higher average TiO2 selling prices. Net sales increased during the first nine months of 2026 compared to the same period of 2025 primarily due to market share gains in its European and North American markets previously noted and by changes in currency exchange rates (primarily the euro), which we estimate increased our Chemicals Segment’s net sales by approximately $39 million. Our Chemicals Segment started 2026 with average TiO2 selling prices lower than at the beginning of 2025; however, its average TiO2 selling prices have increased 11% during the first nine months of 2026. Throughout this period, our Chemicals Segment successfully implemented price increases and surcharges in response to rising operating costs, including energy and distribution costs. As a result, its average TiO2 selling prices for the first nine months of 2026 were 1% lower than the corresponding period of 2025, while average TiO2 selling prices for the third quarter of 2026 were 5% higher than in the third quarter of 2025. The table at the end of this press release shows how each of these items impacted net sales.
The Chemicals Segment’s operating income in the third quarter of 2026 was $60.5 million compared to a loss of $15.9 million in the third quarter of 2025. For the first nine months of 2026, our Chemicals Segment’s operating income was $115.4 million compared to $35.6 million in the first nine months of 2025. Our Chemicals Segment’s operating income increased in both the third quarter and first nine months of 2026 compared to corresponding 2025 periods primarily due to higher sales volumes, higher production rates resulting in reduced unabsorbed fixed production costs, lower raw material costs (primarily feedstock) and lower production costs primarily driven by the cost reduction initiatives implemented in the fourth quarter of 2025. These favorable factors were partially offset by higher energy and distribution costs as well as the unfavorable impact on changes in currency exchange rates. Fluctuations in currency exchange rates (primarily the euro) decreased our Chemicals Segment’s operating income by approximately $5 million in the third quarter of 2026 and approximately $23 million in the first nine months of 2026 compared to the same prior year periods.
The Component Products Segment’s net sales were $44.0 million in the third quarter of 2026 compared to $40.0 million in the third quarter of 2025 and $128.2 million in the first nine months of 2026 compared to $120.6 million in the same period of 2025. The Component Products Segment’s net sales increased in the third quarter compared to the same period in 2025 due to higher marine components sales to the towboat and industrial markets and, to a lesser extent, higher security products sales to the healthcare and tool storage markets. The Component Products Segment’s net sales increased in the first nine months of 2026 compared to the same period in 2025 due to higher marine components sales to the industrial market and higher security products sales to various markets including the healthcare, tool storage, transportation
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and distribution markets. Operating income attributable to the Component Products Segment was $6.4 million in the third quarter of 2026 compared to $4.8 million in the thir
Aug 6, 2026 · 100% conf.
1D
-1.99%
$15.68
Act: -3.69%
5D
-12.62%
$13.98
20D
-15.27%
$13.56
2 vhl-20260806xex99d1.htm
DALLAS, TEXAS . . August 6, 2026. Valhi, Inc. (NYSE: VHI) reported net income attributable to Valhi stockholders of $22.3 million, or $.78 per share, in the second quarter of 2026 compared to net income of $.9 million, or $.03 per share, in the second quarter of 2025. For the first six months of 2026, Valhi reported net income attributable to Valhi stockholders of $24.3 million, or $.85 per share, compared to $17.8 million, or $.62 per share, in the first six months of 2025. Net income attributable to Valhi stockholders increased in the second quarter of 2026 as compared to the same period of 2025 primarily due to higher operating results from the Chemicals Segment. Net income attributable to Valhi stockholders increased in the first six months of 2026 as compared to the same period of 2025 primarily due to improved operating results across all business segments.
The Chemicals Segment’s net sales of $558.1 million in the second quarter of 2026 were $63.7 million, or 13%, higher than in the second quarter of 2025, and net sales of $1.1 billion in the first six months of 2026 were $83.7 million, or 9%, higher than in the first six months of 2025. The Chemicals Segment’s net sales increased in the second quarter and first six months of 2026 compared to the same periods of 2025 primarily due to market share gains across all markets and the favorable impact of changes in currency exchange rates (primarily the euro), which our Chemicals Segment estimates increased its net sales by approximately $10 million and $41 million, respectively. These favorable impacts were partially offset by lower average TiO2 selling prices and the unfavorable impact of both lower average selling prices and sales volumes within the Chemicals Segment’s complementary businesses. Our Chemicals Segment started 2026 with average TiO2 selling prices lower than at the beginning of 2025; however, its average TiO2 selling prices increased 4% during the first six months of 2026. During the second quarter of 2026, our Chemicals Segment announced and implemented various price increases and surcharges in response to higher operating costs. The table at the end of this press release shows how each of these items impacted the Chemicals Segment’s net sales.
The Chemicals Segment’s operating income in the second quarter of 2026 was $40.4 million compared to $10.3 million in the second quarter of 2025. For the first six months of 2026, the Chemicals Segment’s operating income was $54.9 million compared to $51.5 million in the first six months of 2025. The Chemicals Segment’s operating income increased in both the second quarter and first six months of 2026 compared to the same periods of 2025 primarily due to higher sales volumes, lower production costs, including lower raw material costs (primarily feedstock) and lower unabsorbed fixed costs, as well as the benefits of the cost reduction initiatives implemented in the fourth quarter of 2025 designed to permanently improve our Chemicals Segment’s cost structure and operational efficiency. These favorable factors were partially offset by lower average TiO2 selling prices and the unfavorable impact of changes in currency exchange rates. Fluctuations in currency exchange rates (primarily the euro) decreased our Chemicals Segment’s operating income by approximately $12 million in the second quarter of 2026 and approximately $18 million in the first six months of 2026 compared to the same prior year periods.
The Component Products Segment’s net sales were $43.6 million in the second quarter of 2026 compared to $40.3 million in the second quarter of 2025 and $84.2 million in the first six months of 2026 compared to $80.6 million in the same period of 2025. The Component Products Segment’s net sales increased in the second quarter and for the first six months of 2026 compared to the same periods in 2025 due to higher security products sales across a variety of markets including the healthcare, transportation, tool storage and distributor markets and higher marine components sales to the industrial market. Operating income attributable to the Component Products Segment was $8.9 million in the second quarter of 2026 compared to $6.3 million in the second quarter of 2025 and $16.0 million in the first six months of 2026 compared to $12.2 million for the same prior year period. The Component Products Segment’s operating income increased in the second quarter and for the first six months of 2026 compared to the same periods in 2025 due to higher sales and
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gross margin predominantly at the security products reporting unit and, to a lesser extent, the marine components reporting unit.
The Real Estate Management and Development Segment had net sales of $4.4 million in the second quarter of 2026 compared to $5.7 million in the second quarter of 2025. For the first six months of 2026
May 7, 2026 · 100% conf.
1D
-2.35%
$14.21
Act: +1.24%
5D
-13.40%
$12.60
Act: -5.57%
20D
-16.69%
$12.12
Act: -2.47%
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DALLAS, TEXAS . . May 7, 2026. Valhi, Inc. (NYSE: VHI) reported net income attributable to Valhi stockholders of $2.0 million, or $.07 per share, in the first quarter of 2026 compared to net income of $16.9 million, or $.59 per share, in the first quarter of 2025. Net income attributable to Valhi stockholders decreased in the first quarter of 2026 compared to the first quarter of 2025 primarily due to lower operating results from the Chemicals Segment, partially offset by higher operating income from the Component Products and the Real Estate Management and Development Segments.
The Chemicals Segment’s net sales of $509.8 million in the first quarter of 2026 were $20.0 million, or 4%, higher than in the first quarter of 2025. The Chemicals Segment’s net sales increased in the first quarter of 2026 compared to the first quarter of 2025 primarily due to the effects of higher sales volumes in its North American, Latin American and export markets and the favorable impact of changes in currency exchange rates (primarily the euro), which we estimate increased net sales by approximately $30 million. These increases were partially offset by lower sales volumes in the European market and lower average TiO2 selling prices. Our Chemicals Segment started 2026 with average TiO2 selling prices lower than at the beginning of 2025; however, its average TiO2 selling prices increased 2% during the first quarter of 2026 as our Chemicals Segment works to recover pricing lost during 2025. The table at the end of this press release shows how each of these items impacted the Chemicals Segment’s net sales.
The Chemicals Segment’s operating income in the first quarter of 2026 was $14.5 million compared to operating income of $41.2 million in the first quarter of 2025. The Chemicals Segment’s operating income decreased in the first quarter of 2026 compared to the first quarter of 2025 primarily due to the effects of lower average TiO2 selling prices, lower production volumes, and the unfavorable impact of changes in currency exchange rates, partially offset by higher sales volumes and lower productions costs. Lower production costs benefited in part from cost reduction initiatives implemented in the fourth quarter of 2025, including workforce reductions and other measures, which were designed to permanently improve our Chemicals Segment’s cost structure and enable more efficient operation of its facilities at lower production rates for extended periods. Fluctuations in currency exchange rates (primarily the euro) decreased our Chemicals Segment’s operating income by approximately $6 million in the first quarter of 2026 compared to the first quarter of 2025.
The Component Products Segment’s net sales were $40.6 million in the first quarter of 2026 compared to $40.3 million in the first quarter of 2025. The Component Products Segment’s first quarter net sales increased over the comparable 2025 period due to higher marine components sales to the industrial market partially offset by lower security products sales. Operating income attributable to the Component Products Segment was $7.1 million in the first quarter of 2026 compared to $5.9 million in the first quarter of 2025. The Component Products Segment’s operating income increased in the first quarter of 2026 compared to the same period in 2025 primarily due to a higher gross margin at the security products reporting unit as a result of a more favorable customer and product mix, and, to a lesser extent, the impact of higher sales at the marine components reporting unit.
The Real Estate Management and Development Segment had net sales of $9.7 million in the first quarter of 2026 compared to $8.5 million in the first quarter of 2025. Land sales revenue is generally recognized over time based on cost inputs, and land sales revenues are dependent on spending for development activities. Net sales increased $1.2 million in the first quarter of 2026 compared to the same period in 2025 primarily due to the sale of the final commercial parcel for $7.3 million, which had no further development obligations and was therefore recognized immediately as revenue. This increase was partially offset by effects of a slower pace of development activity for previously sold parcels within the residential/planned community as the development work nears completion. The pace of development activities is dictated
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by a number of factors such as city permit and design approval, approvals from the Nevada Department of Environmental Protection, labor and materials availability, and the amount of remaining development obligations. The Real Estate Management and Development Segment also recognized tax increment infrastructure reimbursement of $5.4 million ($2.8 million, or $.10 per share, net of income tax and noncontrolling interest) in the first quarter of 2026 which is includ
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