Valhi, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 06, 2020 at 04:28 pm EDT
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Valhi, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced total revenue was USD 411.4 million compared to USD 544 million a year ago. Net loss was USD 9.1 million compared to net income of USD 7.1 million a year ago. Basic loss per share from continuing operations was USD 0.32 compared to basic earnings per share from continuing operations of USD 0.25 a year ago. For the half year, total revenue was USD 905.6 million compared to USD 1,030.2 million a year ago. Net income was USD 15.3 million compared to USD 25.3 million a year ago. Basic earnings per share from continuing operations was USD 0.54 compared to USD 0.89 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. 
