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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