as of 08-07-2026 2:57pm 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: | 417.5M | IPO Year: | 1994 |
| Target Price: | $12.00 | AVG Volume (30 days): | 8.1K |
| Analyst Decision: | Sell | Number of Analysts: | 1 |
| Dividend Yield: | Dividend Payout Frequency: | semi-annual | |
| EPS: | 0.85 | EPS Growth: | -153.30 |
| 52 Week Low/High: | $11.44 - $17.67 | Next Earning Date: | 05-07-2026 |
| Revenue: | $2,077,000,000 | Revenue Growth: | -1.32% |
| Revenue Growth (this year): | 33.32% | Revenue Growth (next year): | N/A |
| P/E Ratio: | 228.57 | Index: | N/A |
| Free Cash Flow: | -82100000.0 | FCF Growth: | N/A |
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SEC 8-K filings with transcript text
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%
2 vhl-20260507xex99d1.htm
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
Page 1 of 6
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
Mar 10, 2026 · 100% conf.
1D
+3.63%
$14.48
Act: -2.71%
5D
+13.07%
$15.80
20D
+21.45%
$16.97
Valhi, Inc._March 10, 2026 Valhi, Inc.0000059255false00000592552026-03-102026-03-10
Washington, D.C. 20549
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) March 10, 2026
(Exact name of registrant as specified in its charter) Delaware 1-5467 87-0110150
(State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.)
5430 LBJ Freeway, Suite 1700, Dallas, Texas 75240-2620
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code (972) 233-1700
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2): ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered
Common stock VHI
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02 Results of Operations and Financial Condition.
The registrant hereby furnishes the information set forth in its press release entitled “Valhi Reports Fourth Quarter 2025 Results” that the registrant issued on March 10, 2026, a copy of which is attached hereto as Exhibit 99.1 and incorporated herein by reference. The press release the registrant furnishes as Exhibit 99.1 to this current report is not deemed “filed” for purposes of section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. Registration statements or other documents filed with the U.S. Securities and Exchange Commission shall not incorporate this information by reference, except as otherwise expressly stated in such filing. Item 9.01 Financial Statements and Exhibits.
3
(d) Exhibits
Item No. Description
99.1 Press release dated March 10, 2026 entitled “Valhi Reports Fourth Quarter 2025 Results” and issued by the registrant.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. 3
Valhi, Inc.
(Registrant)
By:/s/ Amy A. Samford
Date: March 10, 2026 Amy A. Samford Executive Vice President and Chief Financial Officer
Nov 6, 2025 · 100% conf.
1D
-3.13%
$13.02
Act: +3.53%
5D
-16.34%
$11.25
Act: -3.76%
20D
-20.89%
$10.64
Act: -4.65%
Valhi, Inc._November 6, 2025 Valhi, Inc.0000059255false00000592552025-11-062025-11-06
Washington, D.C. 20549
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) November 6, 2025
(Exact name of registrant as specified in its charter) Delaware 1-5467 87-0110150
(State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.)
5430 LBJ Freeway, Suite 1700, Dallas, Texas 75240-2620
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code (972) 233-1700
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2): ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act: Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common stock VHI
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02 Results of Operations and Financial Condition.
The registrant hereby furnishes the information set forth in its press release entitled “Valhi Reports Third Quarter 2025 Results” that the registrant issued on November 6, 2025, a copy of which is attached hereto as Exhibit 99.1 and incorporated herein by reference. The press release the registrant furnishes as Exhibit 99.1 to this current report is not deemed “filed” for purposes of section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. Registration statements or other documents filed with the U.S. Securities and Exchange Commission shall not incorporate this information by reference, except as otherwise expressly stated in such filing. Item 7.01 Regulation FD Disclosure.
The registrant hereby furnishes the information set forth in its press release entitled “Valhi Declares Quarterly Dividend” that the registrant also issued on November 6, 2025, a copy of which is attached hereto as Exhibit 99.2 and incorporated herein by reference. The press release the registrant furnishes as Exhibit 99.2 to this current report is not “filed” for purposes of section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. Registration statements or other documents filed with the U.S. Securities and Exchange Commission shall not incorporate this information by reference, except as otherwise expressly stated in such filing. Item 9.01 Financial Statements and Exhibits.
3
(d) Exhibits
Item No. Description
99.1 Press release dated November 6, 2025 entitled “Valhi Reports Third Quarter 2025 Results” and issued by the registrant.
99.2 Press release dated November 6, 2025, entitled “Valhi Declares Quarterly Dividend” and issued by the registrant.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. 3
Valhi, Inc.
(Registrant)
By:/s/ Amy A. Samford
Date: November 6, 2025 Amy A. Samford Executive Vice President and Chief Financial Officer
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