Valhi reports Q3 net loss of $22.2 mln

Reuters11-07
Valhi reports Q3 net loss of $22.2 mln

Overview

  • Valhi reports Q3 net loss of $22.2 mln, compared to net income last year

  • Chemicals Segment Q3 sales down 6% due to lower TiO2 prices and volumes

  • Component Products Segment Q3 sales rise driven by security and marine components

Outlook

  • Company did not provide specific guidance for future quarters

Result Drivers

  • CHEMICALS SEGMENT DECLINE - Lower TiO2 selling prices and volumes in European and export markets drove a 6% decrease in net sales

  • REAL ESTATE SALES DECLINE - Reduced development activity led to lower net sales in the Real Estate Management and Development Segment

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Sales

$503.50 mln

Q3 Net Income

-$22.2 mln

Q3 Operating Income

$8.60 mln

Q3 Pretax Profit

-$7.60 mln

Analyst Coverage

  • The stock recently traded at 4 times the next 12-month earnings vs. a P/E of 5 three months ago

Press Release: ID:nGNX2nVyZd

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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