Valhi, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 08, 2019 at 04:24 pm EST
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Valhi, Inc. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced total revenue was USD 488.8 million compared to USD 475.3 million a year ago. Net income was USD 13.1 million compared to USD 143.5 million a year ago. Basic earnings per share was USD 0.04 compared to USD 0.42 a year ago. For the nine months, total revenue was USD 1,519 million compared to USD 1,491.2 million a year ago. Net income was USD 38.5 million compared to USD 244.5 million a year ago. Basic earnings per share from continuing operations was USD 0.11 compared to USD 0.6 a year ago. Basic earnings per share was USD 0.11 compared to USD 0.71 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. 
